Intu Announces Launch and Pricing of £350m Bond

5 NOVEMBER 2014 INTU PROPERTIES PLC INTU ANNOUNCES THE LAUNCH AND PRICING OF £350 MILLION SIXTEEN YEAR BONDFOLLOWING THE TRANSFER OF INTU DERBY AND INTU CHAPELFIELD INTO THE GROUP'SSECURED FUNDING STRUCTURE Intu Properties plc ("Intu") announces today a £350 million bond issue for Intu(SGS) Finance plc following the transfer of the intu Derby and intu Chapelfieldshopping centres into the secured group structure ("SGS") funding platform asprovided for under the program documentation. The £350 million sixteen year4.25 per cent bond priced at a spread of 165 basis points over the relevantgilt. In line with the rating of the existing bonds in the SGS the new bond isexpected to be rated as A(sf) by Standard & Poor's. UBS and Lloyds Bank actedas joint bookrunners and the bond will be listed on the Irish Stock Exchange. On completion of this transaction the Group's weighted average debt maturitywill be 8.9 years (7.7 years - 30 June 2014) and the average cost of borrowingwill be 4.7% (4.7% - 30 June 2014). Matthew Roberts, Chief Financial Officer, commented: "I am delighted with the successful launch and pricing of the bond. This isthe first time we have transferred additional assets into the Secured GroupStructure, and raised new debt within it, since establishing it in 2013. Thetransaction confirms the flexibility of the Secured Group Structure as animportant funding vehicle for the Group. The level of demand shown by investorsat a competitive rate continues to demonstrate the attractiveness of our primeassets." Enquiries: Intu Properties plc Matthew Roberts Chief Financial Officer +44 (0)20 7960 1353 Adrian Croft Head of Investor Relations +44 (0)20 7960 1212 Public relations UK: Michael Sandler/Wendy Baker, Hudson +44 (0)20 7796 4133 Sandler SA: Frédéric Cornet, Instinctif Partners +27 (0)11 447 3030 NOTES FOR EDITORS Intu owns and operates many of the very best shopping centres, in many of thestrongest locations right across the country, including nine of the UK's top20. 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 half of the UK population visitone of our centres each year. 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. Almost 100,000 people are employed at 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 This announcement contains "forward-looking statements" regarding the belief orcurrent expectations of Intu Properties plc, its Directors and other members ofits senior management about Intu Properties plc's businesses, financialperformance and results of operations. These forward-looking statements are not guarantees of future performance.Rather, they are based on current views and assumptions and involve known andunknown risks, uncertainties and other factors, many of which are outside thecontrol of Intu Properties plc and are difficult to predict, that may causeactual results, performance or developments to differ materially from anyfuture results, performance or developments expressed or implied by theforward-looking statements. These forward-looking statements speak only as atthe date of this announcement. Except as required by applicable law, IntuProperties plc makes no representation or warranty in relation to them andexpressly disclaims any obligation to update or revise any forward-lookingstatements contained herein to reflect any change in Intu Properties plc'sexpectations with regard thereto or any change in events, conditions orcircumstances on which any such statement is based. Any information contained in this announcement on the price at which shares orother securities in Intu Properties plc have been bought or sold in the past,or on the yield on such shares or other securities, should not be relied uponas a guide to future performance.