Transaction in Own Shares

1 December 2021

Countryside Properties Plc

Transaction in own shares

Further to the announcement by Countryside Properties Plc (the "Company") on 7 July 2021 of its intention to return surplus cash of at least £450 million to shareholders and the completion of the initial tranche of the Company's share buyback programme with Barclays Capital Securities Limited announced on 15 October 2021, the Company is pleased to announce that it has commenced another tranche of the buyback programme (the "Programme").

The Company has entered into a discretionary and non-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 purchases of the Company's ordinary shares in accordance with the Company's instructions from time to time (including as to price and volume limits).

As the Programme is a discretionary mandate, there can be no certainty of the number of ordinary shares that will be acquired by the Company but 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, the Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) and Chapter 12 of the Financial Conduct Authority's Listing Rules.

The Company announces that it has purchased the following number of ordinary shares in the capital of the Company on the London Stock Exchange from Numis:

Ordinary shares

Such purchases form part of the Company's Programme and were effected pursuant to the instructions issued to Numis by the Company on 30 November 2021, as supplemented from time to time in accordance with the terms thereof.

The repurchased shares will be held in treasury. Following the repurchase of these ordinary shares, the Company holds 9,525,801 of its ordinary shares in treasury and has 515,101,069 ordinary shares in issue (excluding treasury shares). To the extent that further ordinary shares are repurchased under the programme, these will also be held in treasury.

In connection with the above purchases, Numis as principal purchased the ordinary shares to sell to the Company on the London Stock Exchange. A full breakdown of the individual trades made by Numis as principal in connection with the above purchases is detailed below.

Aggregated information

Transaction details

For further information please contact

Enquiries:

Countryside Properties Plc Tel: +44 (0) 1277 260 000

Iain McPherson - Group Chief Executive

Tom Wright - Interim 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.countrysideproperties.com or follow @CountrysideProp on Twitter

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