SCRIP CALCULATION

RNS Number : 1248Q

LondonMetric Property PLC

07 September 2017

7 September 2017

LONDONMETRIC PROPERTY PLC

Scrip Calculation Price for First Quarterly Dividend

On 23 August 2017, LondonMetric Property Plc ("Company") declared a first quarterly interim dividend for FY 2017/18 of 1.85 pence per Ordinary Share ("Dividend") payable on 6 October 2017 to Shareholders on the register of members at the close of business on 1 September 2017.

The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 15 September 2017.

The Scrip Calculation Price for the Dividend has been determined as 165.9 pence per Ordinary Share. This is the average closing mid-market price of an Ordinary Share for the five Business Days commencing with, and including, the Ex-dividend Date of 31 August 2017.

If Shareholders would like to elect for the Scrip Dividend Alternative they should consult the circular containing the terms and conditions of the Scheme ("Circular") which is available at www.londonmetric.com/investors/shareholder-information/dividends and www.morningstar.co.uk/uk/NSM.

Words and expressions defined in the Circular dated 8 September 2016 have the same meanings in this announcement.

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