Exchange Rate for the Proposed 2010 Final Dividend

CAPITAL & COUNTIES PROPERTIES PLC

EXCHANGE RATE FOR THE PROPOSED 2010 FINAL DIVIDEND PAYABLE TO SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER 

Capital & Counties Properties PLC announces that the South African Rand exchange rate for the proposed 2010 final dividend of 1.0 pence per ordinary share to be paid on 19 May 2011, to all shareholders registered on 15 April 2011, will be 10.944 ZAR to 1 GBP. 

On this basis, shareholders who hold their shares via the South African register will receive a dividend of 10.944 ZA cents per ordinary share. 

1 April 2011

Ruth Pavey

Company Secretary

020 3214 9154