Intu Properties plc: Confirmation of Scrip Dividend Alternative

INTU PROPERTIES PLC (the "Company") 
On 27 February 2013, the Directors announced a final dividend for 2012 of 10.0
pence per ordinary share payable on 4 June 2013 (the "Dividend"). Subject to
the terms of the scrip dividend scheme (the "Scheme") which was approved by
shareholders at the Company's 2012 AGM, the Directors are pleased to offer a
scrip dividend alternative for the Dividend, and the Dividend will therefore be
paid as follows: 
* If taken in cash, the Dividend will be wholly paid as a Property Income 

    Distribution ("PID") which will be subject to deduction of a 20 per cent UK
    withholding tax unless exemptions apply
      * Shareholders who make an election to receive shares will receive shares
    based on 8.5 pence being paid as a PID, and 1.5 pence being paid as a
    non-PID. The PID element will be subject to deduction of a 20 per cent UK
    withholding tax unless exemptions apply. The non-PID element will be
    treated as an ordinary UK company dividend.

Shareholders will receive the Dividend in cash unless they elect to receive
shares instead. It is intended that the Scheme be offered for all future
dividends; the Board does however reserve the right to withdraw the Scheme for
any particular dividend at its discretion. A full description of the terms of
the Scheme are contained in the Scrip Dividend Booklet which is available for
viewing or download from the Company's website at Hard
copies can be requested via the website or by contacting the Company (email or telephone +44 (0)20 7960 1236). 
Election forms for the Scrip Dividend will be posted to certificated
shareholders as soon as practicable. Further forms for certificated
shareholders are available from our Registrars: 
UK Shareholders: 
Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU
(Tel: 0871 664 0300 (calls cost 10p per minute plus network extras), or +44 20
8 639 3399, if calling from outside UK). 
SA Shareholders: 
Computershare Investor Services (Pty) Ltd., 70 Marshall Street, Johannesburg
2001, South Africa (postal address: PO Box 61763, Marshalltown 2107, South
(Tel: +27 (0)11 370 5000). 
or by download from
Shareholders holding their shares in dematerialised form through CREST in the
UK or Strate in SA and who wish to make a scrip election should contact their
CREST service provider, CSDP, Broker or Nominee as applicable. Additional
information is contained in the Booklet. 
A timetable of events in relation to the Dividend is set out below. The events
shown in italics apply specifically to the scrip alternative to the Dividend. 
Confirmation and timetable of scrip alternative           Friday 5 April 2013
Scrip price calculation period - average of five  5 - 11 April 2013 inclusive
dealing dates on each exchange                                                
Currency Conversion Date (sterling/Rand)               Thursday 11 April 2013 
Sterling/Rand conversion rate and dividend               Friday 12 April 2013
amount in SA currency announced                                               
Scrip price and scrip ratio announced                    Friday 12 April 2013 
Ex-dividend date (SA)                                    Monday 22 April 2013 
Ex-dividend date (UK)                                 Wednesday 24 April 2013 
Record Date (both UK and SA)                             Friday 26 April 2013 
Last date for receipt of Tax Exemption                   Friday 26 April 2013
Declaration Forms to permit dividend to be paid                              
gross (UK Shareholders only)                                                  
*Election Date for scrip alternative (SA) (by            Friday 26 April 2013
*Election Date for scrip alternative (UK)(by                Friday 3 May 2013
close of business)                                                            
Dividend payment date (UK & SA)                           Tuesday 4 June 2013 
CREST (UK register) and CSDP (SA register)                Tuesday 4 June 2013
accounts credited and share certificates issued                              
to certificated shareholders                                                  
First day of dealings and admission to the                Tuesday 4 June 2013
official list of the UK Listing Authority and                                
the JSE for New Ordinary Shares under the Scrip                              
Dividend Scheme                                                               
SA Shareholders should note that, in accordance with the requirements of
Strate, the last day to trade cum-dividend will be 19 April 2013 and that no
dematerialisation or rematerialisation of shares will be possible from 22 April
to 26 April 2013 inclusive. No transfers between the UK and South African
registers may take place from 11 April to 28 April 2013 (both days inclusive). 
*Earlier election dates apply where shares are held indirectly; shareholders
should contact their CREST service provider, CSDP, broker or nominee as
5 April 2013 
-0- Apr/05/2013 10:40 GMT
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