Statement re sale of LSH and Share Consolidation

3 December 2019

Countrywide plc

("Countrywide", "Group")

New date of General Meeting

Further to the announcement by Countrywide on Friday 29 November 2019 relating to the disposal of Lambert Smith Hampton Limited (the "Sale") and the proposed Share Consolidation, Countrywide published an explanatory Circular in respect of the Sale and Share Consolidation (the "Circular"), which contained the notice of General Meeting originally scheduled for 10:00 a.m. on 23 December 2019 at 25 Charterhouse Square, London EC1M 6AE (the "Notice").

Countrywide hereby announces that, for logistical reasons, the General Meeting shall now be held at 10:00 a.m. on 27 December 2019 at 25 Charterhouse Square, London EC1M 6AE.

Accordingly, the latest time for receipt of Proxy Forms is now 10:00am on 23 December 2019. The expected timetable of events following the General Meeting has not changed from that set out in the Circular and Notice. For the avoidance of doubt, the expected timetable of principal events is as follows:

Details of the new date of General Meeting will today be posted to shareholders that have elected to receive hard copies of shareholder documentation.

Capitalised terms not otherwise defined in this announcement have the meanings given to them in the Circular.

Enquiries 

Notice to all investors

Jefferies International Limited ("Jefferies") which is authorised and regulated by the Financial Conduct Authority, is acting for the Group and no one else in connection with the Sale and Share Consolidation and will not regard any other person as its client in connection with the Sale and Share Consolidation and will not be responsible to anyone other than the Group for providing the protections afforded to its clients nor for giving advice in relation to the Sale, the Share Consolidation or any arrangement referred to, or information contained, in this announcement.

Barclays Bank PLC ("Barclays"), which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for the Group and no one else in connection with the Sale and Share Consolidation and will not be responsible to anyone other than the Group for providing the protections afforded to clients of Barclays nor for providing advice in relation to the Sale, the Share Consolidation or any other matter referred to in this announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed on Jefferies by FSMA or the regulatory regime established thereunder or under the regulatory regime of any other jurisdiction where exclusion of liability under the relevant regulatory regime would be illegal, void or unenforceable, Jefferies nor any of its respective affiliates, directors, officers, employees or advisers, accept any responsibility whatsoever for the contents of this announcement, and no representation or warranty, express or implied, is made by Jefferies in relation to the contents of this announcement, including its accuracy, completeness or verification, and nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or the future. To the fullest extent permissible Jefferies accordingly disclaims all and any responsibility or liability whether arising in tort, contract or otherwise (save as referred to above) which it might otherwise have in respect of this announcement.

This announcement may contain certain forward-looking statements and information that both represents management's current expectations or beliefs concerning future events and are subject to known and unknown risks and uncertainties. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms anticipates, believes, could, estimates, expects, intends, may, plans, projects, should or will, or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. The forward looking statements in this presentation speak only as at the date of this presentation. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements and forecasts. Further, certain forward looking statements are based upon assumptions of future events which may not prove to be accurate and neither the Group, Jefferies, Barclays nor any of their respective subsidiary undertakings, affiliates, agents or advisers or any such persons' directors, officers, employees or agents, nor any other person accepts any responsibility for the accuracy of the forward-looking statements or opinions expressed herein or the underlying assumptions. Other than in accordance with any legal or regulatory obligations (including under the Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Rules), no one undertakes to update, supplement, amend or revise any such forward looking statement. Nothing in this announcement should be construed as a profit forecast. Past share performance cannot be relied on as a guide to future performance.

This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. Countrywide shareholders are advised to read carefully the formal documentation to follow. Any response to the matters described herein should be made only on the basis of the information in such formal documentation.