Share Buyback Programme

31 March 2022

Countryside Partnerships PLC

Share buyback programme

Further to the announcement by Countryside Partnerships PLC (the "Company") on 7 July 2021 of its intention to return surplus cash of at least £450 million to shareholders and the commencement of the discretionary and non-irrevocable tranche of the Company's share buyback programme with Numis Securities Limited announced on 1 December 2021 in order to reduce its share capital, the Company is pleased to announce that it has commenced another tranche of the buyback programme (the "Programme").

Today, the Company announces a non-discretionary and irrevocable arrangement with Numis Securities Limited ("Numis") to conduct the Programme on its behalf. Under this arrangement, Numis, an independent third party, will act as principal and will make decisions under the Programme independently from the Company.

The maximum amount allocated to the Programme is £20 million for a period commencing today and ending no later than 19 May 2022. Any further tranches of the buyback programme, which may be conducted after completion of this tranche of the Programme, will be announced in due course.

The maximum number of ordinary shares that can be acquired by the Company pursuant to the Programme shall not exceed 10,000,000.

The Company's shareholders generally authorised the Company to purchase up to a maximum of 51,378,988 of its ordinary shares at the Annual General Meeting held on 20 January 2022 (the "2022 AGM"). Pursuant to such authority, the Company is authorised to purchase shares until the conclusion of its 2023 Annual General Meeting or, if earlier, the close of business on 31 March 2023.

Any purchases of shares by the Company in relation to the Programme will be carried out on the London Stock Exchange and in accordance with (and subject to the limits prescribed by) the Company's general authority to repurchase shares granted by its shareholders at the 2022 AGM, the Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018 (the "Withdrawal Act")), the Commission Delegated Regulation (EU) No 2016/1052 (as it forms part of UK law pursuant to the Withdrawal Act), the Companies Act 2006 and Chapter 12 of the Financial Conduct Authority's Listing Rules.

For further information please contact

Enquiries:

Countryside Partnerships PLC Tel: +44 (0) 12 7726 0000

John Martin - Interim Group Chief Executive

Tim Lawlor - Group Chief Financial Officer

Victoria Prior - Managing Director, Corporate Affairs

Brunswick Group LLP Tel: +44 (0) 20 7404 5959

Nina Coad

Robin Wrench

Note to editors:

Countryside is the market leader in the delivery of high quality mixed-tenure communities in partnership with housing associations, public bodies and institutional private rental operators, with a strong focus on placemaking and regeneration.

Countryside's differentiated Partnerships business model:

· Mixed tenure developments, including affordable homes, homes available for institutional private rental and available for private for sale.

· Over 40 years track record of collaborative working with partners in public and private sectors

· Over 60% of developments on regeneration or brownfield sites.

· Increasing use of Modern Methods of Construction, with a target of 50% of all homes to be built using our in-house manufacturing facilities by 2025.

· Place-making at the heart of everything we do - designing places people love, helping to build successful communities. Committed to high quality design, construction and management, creating a positive legacy for future generations.

For more information see www.countrysidepartnerships.com or follow @CountrysidePPlc on Twitter

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