Update on the 2020 Annual General Meeting

Capital & Counties Properties PLC ("Capco" or the "Company")

UPDATE ON THE 2020 ANNUAL GENERAL MEETING

Following the publication of the Notice of the 2020 Annual General Meeting (the "AGM") on 20 March 2020, Capco confirms that the 2020 AGM will continue to take place on 1 May 2020. 

As a result of the COVID-19 outbreak, and in line with the legislation issued by the UK Government on 26 March 2020, it is no longer appropriate to hold the AGM as a meeting open to shareholders.  The UK Government has prohibited, amongst other things, public gatherings of more than two people and non-essential travel, save in limited circumstances.  Therefore, shareholders will not be able to attend the AGM on 1 May 2020 and it will be a closed meeting to which shareholders will not be permitted entry.

The AGM will be validly held in line with all prevailing regulations and the Company's Articles of Association and will only be attended by the required quorum consisting of senior employees of Capco who are also shareholders.  The AGM will be purely procedural and there will be no presentation by the Chief Executive or Q&A session.  Shareholders are invited to submit any questions they may wish to have answered by sending an email to [email protected] or calling on +44 (0)20 3214 9170 and a response will be provided directly.    

Voting

Shareholders are advised to vote in advance of the AGM, either electronically or by appointing the Chair of the AGM as a proxy to vote on their behalf, prior to the deadline.  Due to the restrictions on attendance it is important that the Chair of the AGM is appointed as a proxy, rather than any other person including the Chairman of the Company, to ensure that the vote is counted.   The Notice of the 2020 AGM contains instructions on how to vote.  South African shareholders are however reminded of the current postal restrictions in South Africa if they had planned to submit hard copy proxy forms.

Shareholders with queries or who require assistance with submitting their votes should contact the relevant registrar in the UK or South Africa.  Contact details can be found at:

https://www.capitalandcounties.com/investors/shareholder-information/registrars

The voting results of the AGM will be announced to the markets following the AGM in line with normal practice.

As the situation is evolving, the Company is continuing to monitor UK Government measures and NHS advice and guidance in respect of COVID-19 and if it becomes necessary to make further changes to the arrangements for the AGM, shareholders will be notified via the website (www.capitalandcounties.com) and announcements on the London Stock Exchange and JSE.

17 April 2020

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