Springfield Properties PlcLSE: SPR

Initiation of research coverage

19 July 2023

Springfield Properties plc

("Springfield", the "Company", the "Group" or the "Springfield Group")

Initiation of research coverage

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, is pleased to announce that Equity Development, a leading investment research firm, has published a detailed initiation note on the Company.

The research report, prepared by James Tetley, can be freely accessed by clicking here:

 https://www.equitydevelopment.co.uk/research/an-undervalued-high-quality-growth-story

Enquiries

Springfield Properties

Sandy Adam, Chairman

Innes Smith, Chief Executive Officer

+44 1343 552550

Singer Capital Markets

Shaun Dobson, James Moat, Oliver Platts (Investment Banking)

+44 20 7496 3000

Gracechurch Group

Harry Chathli, Claire Norbury

+44 20 4582 3500

Equity Development

Hannah Crowe

+44 20 7065 2690