Results of Tender Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, JAPAN, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW

RESULTS OF TENDER OFFER

10 August 2015

On 20 July 2015, Orosi (UK) Ltd and PEL (UK) Ltd (entities ultimately beneficially owned by Mr Samuel Tak Lee, together such entities being the "Lee Family Investors") announced the making of a tender offer to acquire up to 25,868,852 ordinary shares in Shaftesbury PLC ("Shaftesbury"), representing up to approximately 9.3 per cent. of the issued share capital of Shaftesbury at a price of 888 pence per share (the "Tender Offer").

The Tender Offer closed at 1.00pm on 10 August 2015 (the "Closing Date").

Pursuant to paragraph 1(g) (Terms of the Tender Offer) of the Tender Offer Document, the Tender Offer was conditional on the receipt by the Lee Family Investors of Tenders totalling not less than 2,781,597 Shaftesbury Shares by the Closing Date. This condition was not satisfied as at the Closing Date so accordingly, the Tender Offer is void.

All Tender Forms, share certificates and other documents of title will be returned by post not later than ten Business Days after the Closing Date or, in the case of Shaftesbury Shares held in uncertificated form, the Escrow Agent will provide instructions to Euroclear to transfer all Shaftesbury Shares held in escrow balance by TFE instruction to the original available balances to which those Shaftesbury Shares relate.

Defined terms used but not defined in this announcement have the meanings set out in the Tender Offer Document.

Enquiries: