Shaftesbury Capital Plc (formerly: Capital & Counties Properties Plc)

Notice of Dividend Amount • Aug 20, 2021

Capital & Counties Properties PLC Regal House, 14 James Street London WC2E 8BU

Telephone 020 3214 9150 www.capitalandcounties.com

This document is important and requires your immediate attention. If you are in any doubt as to the action you should take, you are recommended to seek your own personal financial advice immediately from your stockbroker, bank manager, solicitor, accountant, fund manager or other appropriate independent financial adviser, who is authorised under the Financial Services and Markets Act 2000 if you are in the UK or, if not, from another appropriately authorised independent financial adviser.

If you have sold or transferred all of your ordinary shares in Capital & Counties Properties PLC, please send this document together with any relevant accompanying documents, to the person to whom you sold or transferred your ordinary shares, or to the bank, stockbroker or other agent who arranged the sale or transfer for you.

CAPITAL & COUNTIES PROPERTIES PLC (the "Company") CONFIRMATION OF OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH 2021 INTERIM DIVIDEND

Dividend Scheme

Shareholders will receive the Dividend in cash unless they elect to receive New Ordinary Shares instead.

Booklet

No late election forms or emails will be accepted

086 1 100 634, calls will be charged at the stand will vary by provided. Due to the current circumstances resulting from COVID-19, the SA Registrar can also be contacted by email on returnmycoll@computershare.co.za or alternatively by dialling * 134*2001 1 # (only available within South Africa).

Calls outside South Africa will be charged at the applicable international rate. The helpline is open between 8.00am (local ime), Monday to Friday, excluding public holidays in South Africa).

Shareholders holding their Ordinary Shares in dematerialised form through the Shate system and who wish to make a scrip election should contact their CSDP, Broker or Nominee as applicable in the Custody Agreement entered into between the beneficial shareholders and the CSDP, broker or nominee. Additional information is contained in the Booklet.

A timetable of events in relation to the Dividend is detailed below.

Yours faithfully,

Ruth Pavey Company Secretary

Timetable

The Directors have proposed a Dividend per Ordinary Share (SIN GB00B62G9D36) of 0.5 pence payable on Thursday 23 September 2021 . The following are the salient dates for payment of the Dividend

Sterling/Rand Exchange Rate struck	Monday 16 August 2021
Sterling/Rand Exchange Rate and dividend amount in Rand announced	Tuesday 17 August 2021
Ordinary Shares trade exdividend on the exchange operated by the JSE, Johannesburg	Wednesday 25 August 2021
Ordinary Shares trade ex-dividend on the London Stock Exchange, London	Thursday 26 August 2021
Record Date for Dividend (UK and South Atrica)	Friday 27 August 2021
Scrip Election Date (UK and South Africa)	Monday 6 September 2021
Dividend payment date for Shareholders	l hursday 23 September 2021
First day of dealing and admission to the UK Listing Authority and the JSE for New Ordinary Shares under the Scheme

South African shareholders should note that, in accordance with the requirements of Strate, the last day to trade cumdividend will be 24 August 2021 and that no dematerialisation of shares will be possible from 25 August 2021 to 27 August 2021 inclusive. No transfers between the UK and South Atrica registers may take place from 18 August 2021, inclusive.

Important Information for South African Shareholders

PIDs:

Non-PID:

Scrip dividend scheme: