Notification of Major Interest in Shares

Date: 23 April 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

ST. MODWEN PROPERTIES PLC

Notification of Major Interest in Shares

St. Modwen Properties PLC ("St. Modwen" or the "Company") announces that it has been notified that 2,549,746 existing ordinary shares of 10 pence each in the Company ("Ordinary Shares") have been sold by the Leavesley family (the "Leavesley Family") at a price of 440 pence per share.

The Ordinary Shares in aggregate amount to approximately 1.15 per cent. of the issued share capital of the Company.

Following these disposals, the Leavesley Family will hold 13,447,099 Ordinary Shares representing 6.07 per cent. of the Company's issued share capital.

ENQUIRIES:

St. Modwen Properties PLC Tel: 0121 222 9400

Bill Oliver, Chief Executive www.stmodwen.co.uk 

Charlotte McCarthy, Head of PR and Communications

J.P. Morgan Cazenove Tel: 020 7742 4000

Robert Fowlds

Paul Hewlett

Charlie Walker

Numis Securities Limited Tel: 020 7260 1000

Heraclis Economides

Ben Stoop

FTI Consulting Tel: 020 3727 1000

Dido Laurimore

Ellie Sweeney

Tom Gough