Response to press comment

5 February 2010

Response to press comment

The Board of Liberty International PLC ("Liberty International") notes today's press comment in relation to a potential separation of Liberty International into two separate businesses, a shopping centre focused business and a London focused business.

The Board confirms that it is actively considering a reorganisation of the group by way of a demerger of a London focused entity from its shopping centre business, Capital Shopping Centres.

Such a transaction requires a number of third party approvals which have been requested and some of which are currently outstanding. The Board will only be in a position to decide whether to proceed or not once it has progressed these matters further.

Liberty International will make further announcements as appropriate.

Susan Folger

Company Secretary