Capital Shopping Centres Group PLC (CSC) announces that one of its subsidiaries has sold 4,060,606 shares of the common stock of Equity One, Inc. by public secondary offering. CSC is not selling, and the underwriter is not offering, approximately 11.4 million shares of Equity One common stock underlying CSC’s interests in Equity One’s CapCo joint venture.

The market value of the shares being sold by CSC was approximately $78 million based on the last reported sale price of Equity One common stock as reported on the New York Stock Exchange of $19.33 per share on 5 March 2012. Please see attached press release issued by Equity One for further detail. A further statement will be issued as soon as practicable after final pricing of the offering.

This offering is being made by means of a prospectus supplement to Equity One’s existing shelf registration statement filed with the U.S. Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus may be obtained from UBS Investment Bank, 299 Park Avenue, New York, NY 10171, Attn: Prospectus Department, or by calling UBS Investment Bank.

This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, Equity One’s common stock or any other securities, nor shall there be any sale of securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The full text of the announcement is available for download here.

ENQUIRIES:

Capital Shopping Centres Group PLC

Matthew Roberts, Finance Director

Kate Bowyer, Investor Relations Manager

Press

UK

Michael Sandler/Wendy Baker, Hudson Sandler

SA

Morné Reinders, College Hill