Date of issue: 21 August 2017                                                                                             

ST. MODWEN PROPERTIES PLC

("St. Modwen" or the "Company")

ST. MODWEN COMPLETES £470M SALE OF NINE ELMS SQUARE

St. Modwen Properties PLC today announces that VINCI St. Modwen ("VSM"), its 50/50 joint venture with VINCI plc, has successfully completed on the £470 million sale of its interest in the 10-acre Nine Elms Square site in London, following an exchange of contracts announced on 21 June 2017.

-ENDS-

ENQUIRIES:

FTI Consulting                                                                                              Tel: 020 3727 1000

Dido Laurimore/ Tom Gough/ Ellie Sweeney                                         stmodwen@fticonsulting.com