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Response to press comment

7th Sep 2012 14:44

7 September 2012

CAPITAL SHOPPING CENTRES GROUP PLC ("CSC") - REDEVELOPMENT PLANS IN NOTTINGHAM CITY CENTRE

CSC owns the Victoria Centre and the Broadmarsh shopping centre in Nottingham.

CSC notes an article in Estates Gazette in relation to CSC's plans for Victoria Centre, Nottingham. The suggestion in this article that the company is shelving its plans for development of the centre is completely untrue. As previously stated by CSC, the group continues to work with Nottingham City Council to determine the best way forward for the city and CSC's retail assets. CSC considers that Nottingham represents one of the best city centre retail and leisure redevelopment opportunities in the UK.

Susan Marsden

Company Secretary

XLON

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