Holding(s) in Company

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

NOTIFICATION OF MAJOR INTERESTS IN SHARES

Capital & Counties Properties PLC has received a notification of interests in
the Ordinary shares of 25 pence each in the Company as shown below:

i) Full name of            BlackRock, Inc.                                           
Persons subject                                                            
to the                                                                     
notification                                                               
obligation                                                                 
                                                                           
ii)Full name of            n/a                                                       
shares holders                                                             
(if different                                                              
from i)                                                                    
                                                                           
iii) Reason for            * An acquisition or disposal                            
Notification                 of voting rights; and                                 
                                                                           
                           * An acquisition or disposal                            
                             of instruments with                                   
                             similar economic effect to                            
                             qualifying financial                                  
                             instruments                                           
                                                                           
iv) Date of                9 May 2012                                                
Transaction                                                                
                                                                           
v) Date issuer             11 May 2012                                               
was notified                                                               
                                                                           
vi) Threshold              Holding has gone above 18%                                
that was crossed                                                           
                                                                           
vii) Situation             Number of       108,881,011                               
previous to the            shares                                                    
triggering                                                                 
transaction                Number voting   108,881,011                               
                           rights  

viii) Resulting situation 
after the triggering 
transaction                                                  
                                                                           
                           Number of        110,796,646                
                           voting rights      (indirect)                       
                                                                 
                           % of voting      16.20%                                    
                           rights 

ix) Financial
instruments with 
similar economic 
effect to Qualifying 
Financial Instruments -
Resulting situation 
after the triggering 
transaction                Type of           CFD            
                           financial                                 
                           instrument                                
                                                                           
                           Number of         12,474,877                                
                           voting rights                                             
                           instrument                                                
                           refers to                                                 
                                                                           
                           % of voting       1.82%                                     
                           rights            (Nominal)                                 
                                                                           
                                             1.82% (Delta) 

x) Total
                          Number of          123,271,523
                          voting rights                             
                                                                           
                          Percentage of      18.02%                                    
                          voting rights                                             
                                                                           
xi) Chain of              BlackRock Investment                                      
controlled                Management (UK) Limited -                                 
undertakings              123,271,523 (18.02%)                                      
through which                                                              
the voting                                                                 
rights and/or                                                              
the financial                                                              
instruments are                                                            
effectively held                                                           
                                                                           
xii) Additional           BlackRock International                                   
information               Threshold Reporting Team                                  
                                                                           
xiii) Contact             Andrew Manchester                                         
Name                                                                       
                                                                           
xiv) Contact              020 7743 5773                                             
telephone                                                                  
number:                                                                    
                                                                           

Sara Goldsbrough

Assistant Company Secretary

020 3214 9153

14 May 2012