Tender Offer by Lee Family Investors

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

For immediate release 21 July 2015

Shaftesbury PLC

Tender Offer by Lee Family Investors

On 20 July 2015, entities controlled by Mr Samuel Tak Lee (the "Lee Family Investors") announced a tender offer to acquire up to 9.3 per cent. of the shares in your company at a price of 888 pence per Share. If the tender offer is successful, the Lee Family Investors would control 13.2 per cent. of Shaftesbury's shares.

The Board notes that the closing price of Shaftesbury Shares on 20 July 2015 was 929.5 pence per Share.

The tender offer has not been solicited by the Board of Shaftesbury, was announced without prior notice to Shaftesbury and the Board does not recommend it.

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