Holding(s) in Company

NOTIFICATION OF MAJOR HOLDINGS

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

intu properties plc

1b. Please indicate if the issuer is a non-UK issuer

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Intra-group transfer between wholly-owned subsidiaries of the Peel Group, resulting in a change of direct shareholder, but no change in aggregate indirect holding of Peel Holdings (IOM) Ltd, which is currently 26.675%.

X

3. Details of person subject to the notification obligation

Name

Peel Chapel No.4 Limited

City and country of registered office (if applicable)

Peel Dome, intu Trafford Centre, Traffordcity, Manchester, M17 8PL

4. Full name of shareholder(s) (if different from 3.)

Name

Hanover Nominees Limited

City and country of registered office (if applicable)

London, UK

5. Date on which the threshold was crossed or reached:

11th October 2019

6. Date on which issuer notified:

11th October 2019

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer

Resulting situation on the date on which threshold was crossed or reached

1.774%

N/A

1.774%

1,355,040,243

Position of previous notification (if

applicable)

3.941%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rights

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary

GB00BYZJ7G42

24,040,000

None

1.774%

None

SUBTOTAL 8. A

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdate

Exercise/Conversion Period

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

None

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdate

Exercise/Conversion Period xi

Physical or cash

settlement

Number of voting rights

% of voting rights

None

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity(please add additional rows as necessary)

X

Name

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Christopher Eves & Sheila Greenwood

See box 11 for further information

Tokenhouse Limited

Tokenhouse Investments (IOM) Limited

Peel Holdings Group Limited

Peel Holdings (IOM) Limited

Peel Chapel Group Limited

Peel Chapel No.4 Limited

1.774%

0%

1.774%

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional information

Christopher Eves and Sheila Greenwood are the trustees of a trust which controls Tokenhouse Limited.

The disposal that is the subject of this notification results from a series of intra-group transfers of the beneficial interest in, in aggregate, 28,960,000 shares, representing 2.14% of voting rights, by Peel Chapel No.4 Limited to Goodweather Investment Management Limited. The total number of voting rights held indirectly by Peel Holdings (IOM) Limited as a controlling undertaking of Peel Chapel No.4 Limited and Goodweather Investment Management Limited remains 26.675% following the transfer.

Place of completion

Isle of Man

Date of completion

11th October 2019