Result of Rights Issue

FOR IMMEDIATE RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, SWITZERLAND, CANADA, JAPAN, OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

INTU PROPERTIES PLC

RESULTS OF RIGHTS ISSUE

22 April 2014

Intu Properties plc (the "Company") today announces that the 2 for 7 rights issue of 278,241,628 ordinary shares of 50 pence each in the share capital of the Company (the "New Shares") at 180 pence or ZAR 32.28 per New Share (the "Rights Issue") announced on 20 March 2014 closed for acceptances at 11.00 a.m. (London time) on 17 April 2014. The Company received valid acceptances in respect of 275,493,790 New Shares, representing approximately 99.0 per cent. of the total number of New Shares offered to Qualifying Shareholders pursuant to the fully underwritten Rights Issue.

In the UK, New Shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. (London time) on 22 April 2014 and definitive share certificates in respect of New Shares in certificated form will be dispatched to Shareholders by no later than 30 April 2014. In South Africa, dematerialised shareholders will have their accounts credited with New Shares as soon as practicable after 9.00 a.m. (Johannesburg time) on 22 April 2014 and share certificates will be dispatched to certificated Shareholders by no later than 30 April 2014. New Shares will commence trading fully paid on the London Stock Exchange's main market for listed securities and the Main Board of the Johannesburg Stock Exchange on 22 April 2014.

In accordance with the arrangements set out in Part X "Additional Information" of the prospectus published by the Company dated 20 March 2014, Merrill Lynch International, HSBC Bank plc and UBS Limited shall severally use reasonable endeavours to procure subscribers for all of the remaining 2,747,838 New Shares not validly taken up in the Rights Issue. A further announcement as to the number of New Shares for which subscribers have been procured will be made in due course.

The net proceeds from the placing of such New Shares (after the deduction of the UK Issue Price of 180 pence (or its equivalent in Rand at the time of sale, as the case may be) per New Share and the expenses of procuring subscribers including any applicable brokerage and other commissions and amounts attributable to value added tax and currency conversion costs, if any) will be paid (without interest and after deducting currency conversion costs) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 (or the Rand equivalent on the relevant date, as the case may be) will not be paid to such persons but will be aggregated and paid to the Company.

A further announcement as to the number of New Shares for which subscribers have been procured will be made in due course.

Following receipt of the valid acceptances for 275,493,790 New Shares, the Company's issued share capital consists of 1,249,339,491 ordinary shares of 50 pence each. The Company does not hold any ordinary shares in treasury. Therefore, as at 22 April 2014, the total number of voting rights in the Company is 1,249,339,491. This figure may be used by Shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules. As at 25 April 2014, following completion of the Rights Issue, the total number of voting rights in the Company will be 1,252,087,329. This figure may then be used by Shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Capitalised terms not defined herein are defined at Part XII "Definitions" of the prospectus published by the Company dated 20 March 2014.

For further information, please contact:

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING IN THIS ANNOUNCEMENT SHOULD BE INTERPRETED AS A TERM OR CONDITION OF THE RIGHTS ISSUE. ANY DECISION TO PURCHASE, OTHERWISE ACQUIRE, SUBSCRIBE FOR, SELL OR OTHERWISE DISPOSE OF ANY NEW SHARES MUST BE MADE ONLY ON THE BASIS OF THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE INTO THE PROSPECTUS. COPIES OF THE PROSPECTUS WILL BE AVAILABLE ON PUBLICATION FROM INTU'S REGISTERED OFFICE AND WEBSITE: WWW.INTUGROUP.CO.UK.

Rothschild is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK and is acting for Intu and no one else in connection with Rights Issue and will not be responsible to anyone other than Intu for providing the protections afforded to clients of Rothschild or for providing advice in relation to the Rights Issue or any other matters referred to in this announcement.

BofA Merrill Lynch, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK, and BofA Merrill Lynch South Africa, which is a registered sponsor and member of the JSE, are acting exclusively for Intu and no one else in connection with the Rights Issue and will not be responsible to anyone other than Intu for providing the protections afforded to clients of BofA Merrill Lynch or for providing advice in relation to the Rights Issue or any other matters referred to in this announcement.

UBS Investment Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK and is acting for Intu and no one else in connection with the Rights Issue and will not be responsible to anyone other than Intu for providing the protections afforded to clients of UBS Investment Bank or for providing advice in relation to the Rights Issue or any other matters referred to in this announcement.

HSBC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK and is acting for Intu and no one else in connection with the Rights Issue and will not be responsible to anyone other than Intu for providing the protections afforded to clients of HSBC or for providing advice in relation to the Rights Issue or any other matters referred to in this announcement.

This announcement has been issued by, and is the sole responsibility of, Intu. Apart from the responsibilities and liabilities, if any, which may be imposed on Rothschild, BofA Merrill Lynch, UBS Investment Bank or HSBC under FSMA or the regulatory regime established thereunder, none of Rothschild, BofA Merrill Lynch, BofA Merrill Lynch South Africa, UBS Investment Bank or HSBC accepts any responsibility or liability whatsoever and makes no representation or warranty, express or implied, in relation to the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by them, or on their behalf, in connection with Intu, the New Shares, the Provisional Allotment Letters, the Forms of Instruction, the Nil Paid Rights, the Fully Paid Rights, the Letters of Allocation or the Rights Issue. Rothschild, BofA Merrill Lynch, BofA Merrill Lynch South Africa, UBS Investment Bank or HSBC accordingly disclaim, to the fullest extent permitted by law, all and any responsibility and liability, whether arising in tort, contract or otherwise, which they might otherwise be found to have in respect of this announcement or any such statement.

The information contained herein is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States, Switzerland, Canada, Japan, or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The securities to be issued in connection with the Rights Issue (the "Securities") have not been and will not be registered under the securities laws of such jurisdictions and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within such jurisdictions except pursuant to an exemption from and in compliance with any applicable securities laws.

This announcement is for information purposes only and does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in any jurisdiction and should not be relied upon in connection with any decision to subscribe for or acquire any of the Securities. In particular, this announcement does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States, Switzerland, Canada, Japan, or any jurisdiction in which such an offer or solicitation would be unlawful.

This announcement and the information contained herein does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. This announcement and the information contained herein are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). The Securities have not been, and will not be, registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or with any securities regulatory authority of any State or other jurisdiction. The Securities may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. There will be no public offer of Securities in the United States.