Notice of AGM (Supplemental Letter)

17 January 2022

Countryside Properties plc

Annual General Meeting - Supplemental Letter from the Chair of the Board

Countryside Properties plc (the "Company") announced and distributed to shareholders on 16 December 2022 its notice of its sixth Annual General Meeting ("AGM") at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ on Thursday, 20 January 2022 at 12.30pm (the "Notice of AGM").

A copy of the Notice of AGM and the Company's annual report and accounts for the year ended 30 September 2021 can be viewed on our website at investors.countrysideproperties.com.

Supplemental Letter from the Chair of the Board

Further to the above and the announcement made by the Company on 13 January 2022 in respect of, among other things, that, by mutual agreement, CEO Iain McPherson was to step down with immediate effect (the "Announcement"), the Company confirms that it is today making available a Supplemental Letter from the Chair of the Board to shareholders (the "Letter").

This Letter gives formal notice that the Notice of AGM is amended such that Resolution 4 no longer forms part of that Notice of AGM or the business of the AGM and will not now be put to a shareholder vote at the AGM.

The Letter also provides further information in relation to the Announcement and arrangements for the AGM.

The Letter will also be submitted today to the National Storage Mechanism and posted on the Company's website. The withdrawal of Resolution 4 from the Notice of AGM does not affect any proxy votes which have been validly submitted already, which will remain valid and will be counted in respect of those resolutions which now form part of the business of the AGM. Any votes received in respect of Resolution 4 (which no longer forms part of the business of the AGM) are not valid and will not be counted. No revised Form of Proxy is provided.

AGM Attendance

The AGM will be held in the normal way in January 2022 and shareholders will be welcome to attend the AGM in person. Shareholders are reminded to bring photo identification with them if attending the AGM in person.

Considering the continued uncertainty around the COVID-19 pandemic and the ongoing public health risk, there will also be an option to listen to and view the AGM via webcast. If you wish to make use of the webcast, please email to [email protected] in advance of the meeting and in any event before 12.30pm on Wednesday, 19 January 2022 and webcast details will be provided.

Please note that attending via webcast does not constitute attendance in law and shareholders will not have the ability to speak, ask questions or vote through this facility. Further details on how you can raise any questions and vote are included in this announcement.

For those shareholders who are unable to attend the AGM or would prefer not to for safety reasons, you may submit questions relating to the business of the AGM by email to [email protected] in advance of the meeting and in any event before 12.30pm on Wednesday, 19 January 2022. The Board will provide answers to any questions it receives as if they had been asked at the AGM and where it would have been required to do so pursuant to the Companies Act 2006. The Board may also make answers available on the Company's website, investors.countrysideproperties.com, as soon as practicable following the AGM.

The Board will continue to monitor developments and will, if deemed necessary, make changes to the arrangements for the AGM.

AGM Voting

If you would like to vote on the resolutions but are unable to attend the AGM, or prefer not to for safety reasons, you are strongly encouraged to vote by proxy in advance of the AGM (and, where possible, by electronic means) in accordance with the Notes of the Notice of the AGM which can be viewed on our website at investors.countrysideproperties.com. Shareholders should note that it is recommended that you appoint the Chair of the AGM as your proxy to ensure that your vote is able to be cast in accordance with your wishes.

Please register your vote by appointing a proxy electronically via the shareholder portal (www.sharevote.co.uk) by no later than 12.30pm on Tuesday, 18 January 2022. To do this, you will need your Investor Code which you will find on your share certificate or welcome letter. You may also vote in advance by proxy by using the CREST Proxy Voting Service or by returning a completed proxy in hard copy form by post, courier or hand to the Company's Registrars, Equiniti, Aspect House, Spencer Road, Lancing BN99 6DA. A form of proxy may be downloaded from the Company's website at investors.countrysideproperties.com. Further details on proxy voting are set out in the Notes to the Notice of the AGM, which can be viewed on our website at investors.countrysideproperties.com.

The results of the voting will be announced via the London Stock Exchange Regulatory New Service and published on our website as soon as possible after the conclusion of the AGM.

Enquiries:

Countryside Properties PLC

Victoria Prior, Managing Director, Corporate Affairs

+44 (0) 1277 260 000

Brunswick Group LLP

Nina Coad / Robin Wrench

+44 (0) 20 7404 5959