Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

St. Modwen Properties PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

No

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

Discretionary votes lodged in respect of the Company's 2014 AGM. Discretion has been given to the Chairman of the meeting.

Yes

3. Full name of person(s) subject to thenotification obligation: iii

William Shannon, Chairman of St. Modwen Properties PLC and proxy holder as Chairman of the meeting

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

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

26th March 2014

6. Date on which issuer notified:

27th March 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

ISIN GB0007291015

GBP0.1

Resolution 1

65,000

65,000

65,000

65,000

7,033,223

0.03

3.19

Resolution 2

65,000

65,000

65,000

65,000

7,039,379

0.03

3.19

Resolution 3

65,000

65,000

65,000

65,000

7,042,995

0.03

3.20

Resolution 5

65,000

65,000

65,000

65,000

9,086,130

0.03

4.12

Resolution 6

65,000

65,000

65,000

65,000

7,033,802

0.03

3.19

Resolution 7

65,000

65,000

65,000

65,000

7,030,571

0.03

3.19

Resolution 9

65,000

65,000

65,000

65,000

7,034,302

0.03

3.19

Resolution 10

65,000

65,000

65,000

65,000

7,030,071

0.03

3.19

Resolution 12

65,000

65,000

65,000

65,000

7,034,302

0.03

3.19

Resolution 13

65,000

65,000

65,000

65,000

7,035,802

0.03

3.19

Resolution 14

65,000

65,000

65,000

65,000

7,032,109

0.03

3.19

Resolution 15

65,000

65,000

65,000

65,000

7,033,594

0.03

3.19

Resolution 16

65,000

65,000

65,000

65,000

7,033,684

0.03

3.19

Resolution 17

65,000

65,000

65,000

65,000

7,031,366

0.03

3.19

Resolution 18

65,000

65,000

65,000

65,000

7,058,530

0.03

3.20

Resolution 19

65,000

65,000

65,000

65,000

7,041,324

0.03

3.20

Resolution 20

65,000

65,000

65,000

65,000

7,052,432

0.03

3.20

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Resolution

Number of voting rights

Percentage of voting rights

1

7,098,223

3.22

2

7,104,379

3.22

3

7,107,995

3.23

5

9,151,130

4.15

6

7,098,802

3.22

7

7,095,571

3.22

9

7,099,302

3.22

10

7,095,071

3.22

12

7,099,302

3.22

13

7,100,802

3.22

14

7,097,109

3.22

15

7,098,594

3.22

16

7,098,684

3.22

17

7,096,366

3.22

18

7,123,530

3.23

19

7,106,324

3.22

20

7,117,432

3.23

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

William Shannon

11. Number of voting rights proxy holder will cease to hold:

Resolution 1

7,033,223

3.19

Resolution 2

7,039,379

3.19

Resolution 3

7,042,995

3.20

Resolution 5

9,086,130

4.12

Resolution 6

7,033,802

3.19

Resolution 7

7,030,571

3.19

Resolution 9

7,034,302

3.19

Resolution 10

7,030,071

3.19

Resolution 12

7,034,302

3.19

Resolution 13

7,035,802

3.19

Resolution 14

7,032,109

3.19

Resolution 15

7,033,594

3.19

Resolution 16

7,033,684

3.19

Resolution 17

7,031,366

3.19

Resolution 18

7,058,530

3.20

Resolution 19

7,041,324

3.20

Resolution 20

7,052,432

3.20

12. Date on which proxy holder will cease to holdvoting rights:

On the conclusion of the AGM (i.e. on 28th March 2014 or later if the AGM is adjourned)

13. Additional information:

Calculation based on total voting rights of 220,376,988

14. Contact name:

Tanya Stote, Company Secretary - St. Modwen Properties PLC

15. Contact telephone number:

0121 222 9400