Holding(s) in Company

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

NOTIFICATION OF MAJOR INTERESTS IN SHARES

We have been advised that, on 28 February 2011, the total % of voting rights
that Public Investment Corporation (PIC) held in Capital & Counties Properties
PLC fell below 3%. PIC's interests in the Ordinary shares of 25 pence each in
the Company are as shown below:


i) Full name of Persons subject   PUBLIC INVESTMENT CORPORATION             
to the notification obligation                                              
                                                                            
ii)Full name of shares holders    n/a                                       
(if different from i)                                                       
                                                                            
iii) Date of Transaction          28 February 2011                          
                                                                            
iv) Date issuer was notified      27 January 2012                           
                                                                            
v) Threshold that was crossed     Below 3%     
                             
                                                                            
vi) Situation previous to the     Number of shares      34,267,159          
triggering transaction                                                      
                                  Number voting rights  34,267,159  
                                                                          
                                            
vii) Resulting situation after     
the triggering transaction
                                 Number of voting rights 7,104,282
                                  
                                 % of voting rights    1.039%              
                                                                            
viii) Contact Name                Zanale Mabuza                             
                                                                            
ix) Contact telephone number:     [phone]                         

Sara Goldsbrough

Assistant Company Secretary

020 3214 9153

30 January 2012