Completion of the acquisition of Merry Hill Estate

22 June 2016

Intu Properties plc (the "Company")

Completion of the acquisition of the remaining 50 per cent of the Merry Hill Estate

Following the announcement on 17 June 2016, Intu Properties plc is pleased to announce the completion of the acquisition of the remaining 50 per cent of the Merry Hill estate.

ENQUIRIES

Susan Marsden

Group Company Secretary

Telephone +44 207 887 7073

NOTES FOR EDITORS

intu is the UK's leading owner, manager and developer of prime regional shopping centres with a growing presence in Spain.

We are passionate about creating uniquely compelling experiences, in centre and online, that attract customers, delivering enhanced footfall, dwell time and loyalty. This helps our retailers flourish, driving occupancy and income growth.

A FTSE 100 company, we own many of the UK's largest and most popular retail destinations, including nine of the top 20, with super regional centres such as intu Trafford Centre and intu Lakeside and vibrant city centre locations from Newcastle to Watford.

We are focused on four strategic objectives: optimising the performance of our assets to provide attractive long term total property returns, delivering our UK development pipeline to add value to our portfolio, leveraging the strength of our brand and seizing the opportunity in Spain to create a business of scale.

We are committed to our local communities, our centres support over 120,000 jobs representing about 4% of the total UK retail workforce, and to operating with environmental responsibility.

Our success creates value for our retailers, investors and the communities we serve.