Scrip Dividend Scheme

DERWENT LONDON PLC

(the "Company")

Scrip Dividend SCHEME

Ordinary Shares of 5.0p each

The Company offers shareholders the opportunity to take new ordinary shares, credited as fully paid, in lieu of cash dividends, by participating in a Scrip Dividend Scheme.

In relation to the interim dividend for 2014, the price of a new ordinary share under the Scrip Dividend Scheme has been set at 2785.4 pence. This is the average of the Company's middle market closing price for the five consecutive dealing days commencing on the ex-dividend date of 17 September 2014.

Shareholders wishing to participate in the Scrip Dividend Scheme and who have not already returned a mandate form should contact our Registrar, Equiniti on the share dividend helpline on 0871 384 2192 (or +44 (0)121 415 7047 for calls made from outside the United Kingdom) and return a mandate form to Equiniti to arrive no later than 2 October 2014. The dividend payment date is 23 October 2014. Mandate forms are also available on the Group's website: www.derwentlondon.com.

T J Kite

Company Secretary

24 September 2014