Response to Media comment

INTU PROPERTIES PLC

RESPONSE TO MEDIA COMMENT

In response to media comment, intu confirms that it is in advanced discussions with QIC regarding the potential acquisition of QIC's 50 per cent interest in intu Merry Hill in the West Midlands. If the acquisition were to proceed, the consideration is likely to be around £410 million and would be funded through a combination of new debt and existing resources.

Whilst discussions are ongoing, there can be no certainty that any transaction will be undertaken.

A further announcement will be made if and when appropriate.

Enquiries:

Susan Marsden

Company Secretary

intu properties plc

+ 44 20 7887 7073