2012 Interim Dividend

The Directors of Capital Shopping Centres Group PLC have announced an interim dividend per ordinary share (ISIN GB0006834344) of 5.0 pence (2011 – 5.0 pence) payable on 20 November 2012 (see salient dates below). This dividend will be paid totally as a Property Income Distribution (”PID”) and will be wholly subject to a 20% UK withholding tax unless exemptions apply (please refer to the SPECIAL NOTE below).

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 2012 Interim Dividend. Shareholders will receive the dividend in cash unless they elect to receive shares instead. A full description of the terms of the Scheme are contained in the Scrip Dividend Booklet.

The Scrip Calculation Prices in both UK and SA were announced on Friday 5 October 2012. The Scrip Calculation Price applicable to UK shareholders is GBP pence 328.48, and the Scrip Calculation Price applicable to SA shareholders is 4,443.83 ZA cents.To view the full announcement relating to the Scrip Calculation Prices click here.

Election forms for the Scrip dividend were posted to shareholders on 28 September 2012. A downloadable version of the Scrip election form is available here.

Shareholders holding their shares in dematerialized 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 Scrip Dividend Booklet.

The following are the salient dates for the payment of the interim dividend (the events shown in itallics apply specifically to the scrip alternative to the interim dividend:

Friday 28 September 2012 Confirmation and timetable of scrip alternative announced

28 September - 4 October inclusive Scrip calculation period - average of five dealing dates on each exchange

Thursday 4 October 2012 Sterling/Rand exchange rate struck

Friday 5 October 2012 Sterling/Rand exchange rate and dividend amount in SA currency announced

Friday 5 October 2012 Scrip price and scrip ratio announced

Monday 15 October 2012 Ordinary shares listed ex-dividend on the Johannesburg Stock Exchange

Wednesday 17 October 2012 Ordinary shares listed ex-dividend on the London Stock Exchange

Friday 19 October 2012 Record date for interim dividend in London and Johannesburg

Friday 19 October 2012 UK shareholders only: Last date for receipt of Tax Exemption Declaration forms to permit dividends to be paid gross

Friday 19 October 2012 Election Date for scrip alternative (SA) (by noon)*

Friday 26 October 2012 Election Date for scrip alternative (UK) (by close of business)*

Tuesday 20 November 2012 Dividend payment day for shareholders (UK & SA)

Tuesday 20 November 2012 CREST (UK register) and CSDP (SA register) accounts credited and share certificates issued to certificated shareholders

Tuesday 20 November 2012 First day of dealings and admission to the official list of the UK Listing Authority and the JSE for New Ordinary Shares under the Scrip Dividend Scheme.

*earlier election dates apply where shares are held indirectly; shareholders should contact their CREST service provider, CSDP, broker or nominee as applicable.

South African shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend will be Friday 12 October 2012 and that no dematerialisation or rematerialisation of shares will be possible from Monday, 15 October to Friday, 19 October 2012 inclusive. No transfers between the UK and South African registers may take place from Thursday, 4 October to Sunday, 21 October 2012 inclusive.

PID SPECIAL NOTE:

UK shareholders: For those who are eligible for exemption from the 20% withholding tax and have not previously registered for exemption, additional information including an HM Revenue & Customs (”HMRC”) Tax Exemption Declaration is available for download from the Real Estates Investment Trust page. The form is also available on request from our UK registrars, Capita Registrars. Validly completed forms are required to be received by Capita Registrars no later than the Record Date, Friday 19 October 2012, otherwise the dividend will be paid after deduction of tax.

South African and other non-UK shareholders: South African shareholders may apply to HMRC after payment of a PID for a refund of the difference between the 20% withholding tax and the UK/South African double taxation treaty rate of 15%. The residual UK tax deducted of 15% offsets any liability to South African Dividends Tax and so no Dividends Tax will be deducted from the 2012 interim dividend.

Other non-UK shareholders may be able to make similar claims for a refund of UK withholding tax deducted. Refund application forms for all non-UK shareholders are available for download from the Real Estates Investment Trust page, or on request from our SA registrars, Computershare, or HMRC. UK withholding tax refunds are not claimable from Capital Shopping Centres Group, the South African Revenue Service or other national authorities, only from the UK’s HMRC.

The South African tax treatment of PIDs changed from 1 January 2011 - please see the Real Estates Investment Trust page which contains additional information. South African shareholders can also contact our SA registrars for assistance.

The above does not constitute advice and shareholders should seek their own professional guidance. Capital Shopping Centres Group PLC does not accept liability for any loss suffered arising from reliance on the above.

Dividend history

1. ADR programme terminated. Last US$ payment was on 15 November 2010.
2. Gross amounts. Net PIDs per share (i.e. payments to shareholders net of withholding tax) were: