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

Notice of Dividend Amount • Apr 12, 2019

Capital & Counties Properties PLC 15 Grosvenor Street London W1K 4QZ

Telephone 020 3214 9150 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 2018 FINAL DIVIDEND

Dividend Scheme

As you have previously made an evergreen election, you do not need to take any action if you wish to receive the Scrip Dividend Alternative as your existing instruction will be applied.

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 (ISIN GB00B62G9D36) of 1.0 pence payable on 16 May 2019.

The following are the salient dates for payment of the Dividend

Sterling/Rand Exchange Rate struck	8 April 2019
Sterling/Rand Exchange Rate and dividend amount in Rand announced	9 April 2019
Ordinary Shares trade ex-dividend on the exchange operated by the JSE, Johannesburg	17 April 2019
Ordinary Shares trade ex-dividend on the London Stock Exchange, London	18 April 2019
Record Date for Dividend (UK and South Africa)	23 April 2019
Scrip Election Date (South Africa)	23 April 2019
Scrip Election Date (UK)	30 April 2019
Dividend payment date for Shareholders	16 May 2019
First day of dealing and admission to the official list of the UK Listing Authority and the JSE for New Ordinary Shares under the Scheme	16 May 2019

No transfers between the UK Register and the SA Register may take place from 9 April 2019 to 23 April 2019, inclusive.