Company Announcements

INTU PROPERTIES PLC ("intu" or "the Company")

Appointment of Chief Financial Officer

intu is pleased to announce that Robert Allen has been appointed as intu's Chief Financial Officer with effect from Monday, 10 June 2019.

Robert served as Group Chief Financial Officer of Crest Nicholson Plc for two years until 2018.  From 1998 to 2016, he held a number of senior finance roles at British American Tobacco Plc including Regional Finance Controller EEMEA from 2012 to 2016 and Head of Corporate Finance and Group Treasurer from 2009 to 2012.  He commenced his career at Coopers & Lybrand in 1993 until 1996 and carried out a corporate finance M&A role at Charterhouse Bank from 1996 to 1998.  Robert is a qualified chartered accountant. 

Matthew Roberts, Chief Executive of intu, said "I am delighted that Robert is joining us.  He will bring to intu his extensive and highly relevant experience of refinancings, M&A, treasury, IT and investor relations, helping drive our strategy of delivering strong underlying centre performance, adapting to the fast-changing retail environment and making smart use of capital.

"I would also like to take this opportunity to thank Barbara Gibbes for undertaking this role on an interim basis."

Robert does not own any shares in intu and there are no other matters required to be disclosed in relation to the FCA Listing Rules.

Barbara Gibbes who has been acting as interim CFO will resume her duties as Director of Finance with effect from 10 June 2019, reporting to Robert.

ENDS

Enquiries:

intu

Matthew Roberts             Chief Executive                                               +44 (0) 207 960 1200

Adrian Croft                       Head of Investor Relations                          +44 (0) 207 960 1212

Amanda Campbell            Communications Director                           +44 (0) 207 960 1241

Public Relations

UK:                                      Justin Griffiths, Powerscourt                       +44 (0) 207 250 1446

SA:                                       Frederic Cornet, Instinctif Partners           +27 (0) 114 473 030

Notes for Editors:

intu owns and manages some of the best shopping centres, in some of the strongest locations, in the UK and Spain. 

Our UK portfolio is made up of 17 centres, including eight of the top 20, and in Spain we own three of the country's top 10 centres, with advanced plans to build a fourth.

We are passionate about creating compelling experiences, in centre and online, that make our customers smile and help our retailers flourish.

We attract around 400 million customer visits and 26 million website visits a year offering a multichannel approach that truly supports retail strategies.

Our strategic focus on prime, high-footfall flagship destinations, combined with the strength and popularity of our brand, means that intu offers enhanced footfall, dwell time and loyalty.  This helps our tenants flourish, driving occupancy and income growth.

We are committed to our local communities, with our centres supporting nearly 130,000 jobs (representing about 3 per cent of the total UK retail workforce) and to operating with environmental responsibility.  We have already met or exceeded a significant number of our 2020 environmental targets.