On 26 July 2012, the Directors announced an interim dividend for 2012 of 5.0 pence per ordinary share payable on 20 November 2012 (the “Dividend”). The Dividend will be paid totally as a Property Income Distribution (”PID”) and will be subject to a 20% UK withholding tax unless exemptions apply.

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 (the “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 here. Hard copies can be requested via the website or by contacting the Company.

South African shareholders should note that since publication of the Booklet on 7 March 2012, further clarification of the anticipated South African tax treatment of both cash and scrip dividends has been obtained. The current version of the booklet contains updated guidance.

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

SA Shareholders:

Computershare Investor Services (Pty) Ltd., 70 Marshall Street, Johannesburg 2001, South Africa (postal address: PO Box 61763, Marshalltown 2107, South Africa)

(Tel: ).

or by download from 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 Booklet.

A timetable of events in relation to the Dividend on the dividends page of the Company’s website. The events shown in italics apply specifically to the scrip alternative to the Dividend.

A pdf of the full announcement is available here.