Intu prices £110m note tap issue under Trafford

25 FEBRUARY 2014 INTU PROPERTIES PLC INTU ANNOUNCES ISSUE AND PRICING OF £110M OF NEW NOTES UNDER THE EXISTING INTUTRAFFORD CENTRE COMMERCIAL MORTGAGE-BACKED SECURITIES TRANSACTION Intu Properties plc ("Intu") announces the issue of £110m additional class A, Band D notes ("New Notes") under The Trafford Centre Finance Limited CommercialMortgage-backed Securities transaction ("intu Trafford CMBS") established in2000. The New Notes, which rank pari passu with the current outstanding class A, Band D notes ("Existing Notes"), have an average maturity of nine years and arepriced at an average spread of 183 basis points over the relevant referencegilts representing an all in cost of c. 4.6 per cent. The New and Existing Notes are secured by intu Trafford Centre, the primesuper-regional shopping centre near Manchester. The ratings of each class ofExisting Notes, all of which are investment grade, remain unchanged and the NewNotes have newly assigned ratings at the same levels. The aggregate of the New Notes and the Existing Notes have a combined note tovalue of c. 45% based on a valuation of the secured assets of £1,821m at 12February 2014. As at 12 February 2014 the combined intu Trafford Centre andadjoining property outside the collateral pool was valued at £1,900m (30 June2013 - £1,850m). Credit Suisse and Lloyds are mandated to act as joint bookrunners. The proceeds will be used to provide funds for Intu's pipeline of activemanagement projects and major extensions. Matthew Roberts, Finance Director of Intu Properties plc, commented: "I am very pleased with this successful tap issue secured on intu TraffordCentre. This is our third bond issue within 12 months and I am encouraged bythe continuing level of support we have received. We have some excitingdevelopment opportunities at Intu and the proceeds will be used to help fundthem." ENQUIRIES Intu Properties plcMatthew Roberts Finance Director +44 (0)20 7960 1353Kate Bowyer Business Relations Director +44 (0)20 7960 1250 Public relations UK: Michael Sandler/Wendy Baker, +44 (0)20 7796 4133 Hudson Sandler SA: Frédéric Cornet, Instinctif +27 (0)11 447 3030 NOTES FOR EDITORS Intu Properties plc (formerly Capital Shopping Centres Group PLC) is the UK'smarket-leading developer, owner and manager of prime regional shopping centres.Intu owns and operates some of the very best shopping centres, in the strongestlocations right across the UK, including ten of the country's top 25. Every oneof the UK's top 20 retailers is in Intu's shopping centres, alongside some ofthe world's most iconic global brands. With over 17 million sq ft of retail space valued at over £7 billion, Intu's 16centres attract some 350 million customer visits a year and two thirds of theUK population live within a 45 minute drive time of one of the centres. At the forefront of UK shopping centre evolution since the 1970s Intu's focusis on creating compelling destinations for consumers with added theatre. In 2013, the company announced the creation of a nationwide consumer facingshopping centre brand - intu - and the transformation of the Group's digitalproposition including a transactional website, to provide the UK's leadingshopping centre experience on and off-line. Intu has a UK investment programme of £1 billion over the next ten years onactive management projects and major extensions at most of the centres. Fundingfor this programme will include recycling of existing assets as well as thepossible introduction of partners into major assets. Intu also has interests outside the UK including an effective interest of 9 percent in Equity One, a US retail REIT, a 32 per cent interest in Prozone, anIndian shopping centre developer, and a joint venture in Spain forpre-development activity on three major sites under option, in Malaga, Valenciaand Vigo. In October 2013 Intu acquired, with a partner, a regional shoppingcentre in Northern Spain for €162 million. Over 80,000 people are employed at Intu centres across the UK and the companyis fully committed to supporting local communities and the wider environmentthrough meaningful and hands-on initiatives.

For further information see www.intugroup.co.uk