Exercise of Overallotment Option

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FOR IMMEDIATE RELEASE

Countryside Properties plc

Exercise of Overallotment Option

4 March 2016

Further to its announcement on 12 February 2016 relating to its initial public offering (the "Offer"), Countryside Properties plc (the "Company" or "Countryside") confirms that Barclays Capital Securities Limited, as stabilisation manager, has exercised in its entirety the over-allotment option granted by OCM Luxembourg Coppice Topco S.à r.l. in respect of 20,250,000 ordinary shares in Countryside (the "Over-allotment Shares"), taking the total number of ordinary shares in the Company that were subject to the Offer to 155,250,000. The Over-allotment Shares will be sold at the offer price of 225 pence per ordinary share.

Following the Offer and the exercise of the over-allotment option, OCM Luxembourg Coppice Topco S.à r.l. will hold 252,373,009 ordinary shares or 56.1% per cent. of the total issued share capital of the Company.

Disclaimer

This announcement is for information purposes only and is not an invitation or an offer of securities for sale, or a solicitation of an offer to underwrite, subscribe for or otherwise purchase or dispose of any securities in any jurisdiction, including the United States, Australia, Canada, Japan or South Africa.

Neither this announcement nor any copy of it may be made or transmitted into the United States, or distributed, directly or indirectly, in the United States. Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, Canada, Japan and South Africa or to any persons in any of those jurisdictions, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian, Japanese or South African securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

This announcement is not an offer of securities for sale into the United States. The securities to which this announcement relates have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or with any regulatory authority or under any applicable securities laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state law. There will be no public offer of the securities in the United States, Australia, Canada, Japan or South Africa.

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