Update on AGM resolutions

Shaftesbury PLC ("Shaftesbury" or the "Company")

LEI: 213800N7LHKFNTDKAT9

Update on AGM resolutions

The Board of Shaftesbury PLC (the "Company") has received a statement (the "Statement") from Mr. Samuel Tak Lee, the ultimate beneficial owner of 25.02 per cent of the issued share capital of the Company. The Statement indicates that the shares in the capital of the Company ultimately owned by Mr. Samuel Tak Lee will be voted against the following resolutions to be proposed at the annual general meeting of the Company to be held at 11.00am on Friday 9 February 2018 (the "AGM"):

Resolution 16 - this is an ordinary resolution authorising the Directors to allot shares in the capital of the Company; and

Resolutions 17 and 18 - these are special resolutions authorising the Directors to allot shares in certain circumstances on a non pre-emptive basis.

The Board will circulate to shareholders a copy of the Statement as soon as reasonably practicable.

Market Abuse Regulation

The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation. Upon the publication of this Announcement via a regulatory information service, this inside information is now considered to be in the public domain.

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About Shaftesbury

Shaftesbury PLC is a Real Estate Investment Trust, which invests exclusively in the liveliest parts of London's West End. Our objective is to deliver long-term growth in rental income, capital values and shareholder returns.

Focussed on restaurants, leisure and retail, our exceptional portfolio extends to around 15 acres, clustered mainly in Carnaby, Seven Dials and Chinatown, with substantial ownerships in east and west Covent Garden, Soho and Fitzrovia.

In addition, we have a 50% interest in the Longmartin joint venture with The Mercers' Company, which has a long leasehold interest, extending to 1.9 acres, in St Martin's Courtyard in Covent Garden.

Our proven management strategy is to create and foster distinctive, attractive and prosperous locations. It is implemented by an experienced management team with an innovative approach to long-term, sustainable income and value creation, and a focus on shareholder returns. We have a strong balance sheet with conservative leverage.

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