Formation of Joint Venture with KWAP at Intu Uxbridge

5 JUNE 2014 INTU PROPERTIES PLC FORMATION OF JOINT VENTURE AT INTU UXBRIDGE, INTRODUCING KWAP AS 80 PER CENTPARTNER WITH INTU RETAINING 20 PER CENT Intu has today entered into a joint venture agreement in respect of intuUxbridge. Kumpulan Wang Persaraan (Diperbadankan) ("KWAP"), the £19 billion (MalaysianRinggit 106 billion) Malaysian pension fund, has acquired an 80 per centinterest in intu Uxbridge for £175 million, representing a two per cent premiumto its 31 December 2013 valuation of £213.9 million (100% basis). Intu retains a 20 per cent interest and will continue to manage the centre onbehalf of the joint venture. The transaction is in line with Intu's stated strategy of recycling capitalinto its £1.2 billion development pipeline and demonstrates our capability togrow the scale of our business under the nationwide intu shopping centre brand. Intu will repay existing bank debt and terminate associated swaps amounting toaround £155 million in aggregate. Net rental income for intu Uxbridge for theyear ended 31 December 2013 was £11.7 million. David Fischel, Chief Executive, commented: "We are delighted to have entered into this partnership, establishing arelationship with a significant overseas investor and demonstrating theinvestment demand for prime UK shopping centres under the management of aspecialist operator such as Intu. The transaction is a useful step in recyclingcapital into our substantial development pipeline. We look forward to workingwith our new partner, KWAP." ENQUIRIES Intu Properties plc David Fischel Chief Executive +44 (0)20 7960 1207 Matthew Roberts Finance Director +44 (0)20 7960 1353 Kate Bowyer Business Relations Director +44 (0)20 7960 1250 Public relations UK: Michael Sandler/Wendy Baker, Hudson +44 (0)20 7796 4133 Sandler SA: Frédéric Cornet, Instinctif +27 (0)11 447 3030 NOTES FOR EDITORS 1. Intu Properties plc ("Intu") Intu owns and operates some of the very best shopping centres, in some of thestrongest locations right across the country, including twelve of the UK's top25. You can find the UK's top retailers in our shopping centres, alongsidesome of the world's most iconic global brands. With over 21 million sq ft of retail space, our centres attract over 400million customer visits a year and more than two thirds of the UK populationlive within a 45 minute drive time of one of our centres. At the forefront of UK shopping centre evolution since the 1970s, our focus ison creating compelling destinations for customers with added theatre. Our nationwide consumer facing shopping centre brand - intu - is transformingour customer experience and digital proposition, including a transactionalwebsite with a view to providing the UK's leading shopping centre experienceboth on and off-line at 15 centres We have an investment plan of £1.2 billion over the next ten years withprojects at most of our centres. Over 80,000 people are employed within our centres across the UK and we arefully committed to supporting our local communities and the wider environmentthrough meaningful and hands-on initiatives. For further information see www.intugroup.co.uk 2. Kumpulan Wang Persaraan (Diperbadankan) ("KWAP") KWAP or the Retirement Fund (Incorporated) was established on 1st March 2007under the Retirement Fund Act 2007 (Act 662) replacing the repealed PensionsTrust Fund Act 1991 (Act 454). The objective of KWAP is to manage the fund (the "Fund") established underSection 13 of Act 662 towards achieving optimum returns on its investments. TheFund shall be applied towards assisting the Federal Government in financing itspension liability. For more information about KWAP, visit their website : www.kwap.gov.my 3. intu Uxbridge intu Uxbridge is a 440,000 sf ft shopping centre valued at £213.9 million at 31December 2013. Opened in 2001, anchored by Debenhams, Next, H&M, Top Shop, andan IMAX cinema, the centre attracts around 12 million customer vists each year.Uxbridge is one of London's major metropolitan centres, situated 15 miles fromCharing Cross near the M25 London orbital motorway and close to Heathrowairport. It is a significant retail, leisure and commercial centre with 40,000office workers including the European headquarters of a number of global bluechip companies (including Apple, Coca Cola, Cadbury and Xerox), while thenearby Brunel University campus is home to nearly 15,000 students.