CAPITAL & COUNTIES PROPERTIES PLC - Holding(s) in Company

London, October 25

NOTIFICATION OF MAJOR INTERESTS IN SHARES

Capital & Counties Properties PLC has received a notification of interests in the Ordinary shares of 25 pence each in the Company as shown below:

i) Full name of Persons subject to the BlackRock, Inc. notification obligation

                                             
                                                                    
                                                                    
ii)Full name of shares holders (if          n/a                     
different from i)                                                   
                                                                    
                                                                    
iii) Reason for Notification                An acquisition or       
                                            disposal of voting      
                                            rights                  
                                                                    
                                                                    
iv) Date of Transaction                     22 October 2012         
                                                                    
                                                                    
                                                                    
v) Date issuer was notified                 24 October 2012         
                                                                    
                                                                    
                                                                    
vi) Threshold that was crossed              Holding has gone above  
                                            18%                     
                                                                    
                                                                    
vii) Situation previous to the triggering   Number of    124,571,328
transaction                                 shares                  
                                                                    
                                            Number       124,571,328
                                            voting                  
                                            rights                  
                                                                    
viii) Resulting situation after the         Number of    128,265,212
triggering transaction                      voting                  
                                            rights       (indirect) 
                                                                    
                                            % of voting  17.03%     
                                            rights                  
                                                                    

ix) Financial instruments with similar Type of CFD economic effect to Qualifying Financial financial

               
Instruments - Resulting situation after     instrument              
the triggering transaction                                              
                                            Number of    7,989,675  
                                            voting                  
                                            rights                  
                                            instrument              
                                            refers to               
                                                                    
                                            % of voting  1.06%      
                                            rights       (Nominal)  
                                                                    
                                                         1.06%      
                                                         (Delta)    
                                                                    
x) Total                                    Number of    136,254,887
                                            voting                  
                                            rights                  
                                                                    
                                            Percentage   18.09%     
                                            of voting               
                                            rights      
            
                                                                    

xi) Chain of controlled undertakings BlackRock Investment through which the voting rights and/or the Management (UK) Limited financial instruments are effectively held - 136,254,887 (18.09%)

                  
                                                  
                                                                    
xii) Additional information                 BlackRock Threshold     
                                            Reporting Team          
                                                                    
                                                                    
xiii) Contact Name                          Andrew Manchester       
                                                                    
                                                                    
                                                                    
xiv) Contact telephone number:              020 7743 5773           
                                                                    

Sara Goldsbrough
Assistant Company Secretary
020 3214 9153

25 October 2012