Update on Press Speculation

LEI: 213800JSNTERD5CJZO95

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 OR REGULATIONS OF THAT JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

 11 February 2020

intu properties plc ('intu')

UPDATE ON PRESS SPECULATION

Further to yesterday's announcement, Link Real Estate Investment Trust has informed intu of its intention to no longer participate in a recapitalisation of the company. intu remains engaged with shareholders and potential new investors in relation to a proposed equity raise.

The Company will make further announcements in due course, as appropriate.

The person responsible for arranging the release of this announcement on behalf of intu is Susan Marsden, Group Company Secretary.

Enquiries

intu properties plc

Matthew Roberts Chief Executive +44 (0)20 7960 1353

Robert Allen Chief Financial Officer +44 (0)20 7960 1360

Adrian Croft Head of Investor Relations +44 (0)20 7960 1212

Public relations

UK: Justin Griffiths, Powerscourt +44 (0)20 7250 1446

SA: Frédéric Cornet, Instinctif Partners +27 (0)11 447 3030

Any securities offered in connection with the equity recapitalisation referred to above have not been and will not be registered under the US Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration. There will be no public offering of securities in the United States