Intu proposes £485m intu Metrocentre bond

6 NOVEMBER 2013 INTU PROPERTIES PLC INTU ANNOUNCES PROPOSED £485M BOND ISSUE SECURED ON INTU METROCENTRE Intu Properties plc ("Intu") today announces the launch of a proposed £485million bond to refinance existing debt facilities which are due to mature inFebruary 2015. The bond will be secured on intu Metrocentre, the prime super-regional shoppingcentre and retail park in Gateshead and the largest covered shopping andleisure centre in Europe. The proposed transaction is to have a simple capital structure with openingloan to value ratio of c. 55% and is expected to obtain an investment graderating. HSBC and Lloyds Bank will be acting as joint bookrunners on the proposed bondissue and Rothschild is providing independent debt advice to The MetrocentrePartnership. The bond is expected to be listed on the Irish Stock Exchange. ENQUIRIES Intu Properties plcMatthew Roberts Finance Director +44 (0)20 7960 1353Kate Bowyer Head of Investor Relations +44 (0)20 7960 1250 Public relationsUK: Michael Sandler/Wendy Baker, +44 (0)20 7796 4133 Hudson Sandler SA: Frédéric Cornet/Cara White, +27 (0)11 447 3030 College Hill 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. On 15 January this year, the company announced the creation of a nationwideconsumer facing shopping centre brand - intu - and the transformation of theGroup's digital proposition including a transactional website, to provide theUK's leading shopping 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

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