Countryside Properties PLC Response to Browning West, LP (2582H)

TIDMCSP

RNS Number : 2582H

Countryside Properties PLC

02 December 2020

Countryside Properties plc

Response to Browning West, LP

Countryside Properties plc ("Countryside"), a leading UK mixed-tenure developer, notes the announcement made by Browning West, LP today.

The Board remains focused on acting in the best interests of all our shareholders to maximise the value of the Company. We maintain an ongoing dialogue with our shareholders and listen carefully to the views they express.

As scheduled, we will publish our full year results for year ending 30 September 2020 tomorrow when we will provide a comprehensive update to all shareholders.

- ENDS -

Enquiries:

Countryside Properties - 01277 260 000

Iain McPherson - Group Chief Executive

Mike Scott - Group Chief Financial Officer

Victoria Prior - Managing Director, Corporate Affairs

Brunswick Group LLP - 020 7404 5959

Nina Coad / Robin Wrench / Oliver Sherwood

Note to editors:

About Countryside Properties plc

Countryside is a leading UK mixed-tenure developer through its two divisions, Partnerships and Housebuilding.

Countryside's Partnerships division was established over 40 years ago, specialising in estate regeneration, with operations in London, the South East, the North West, the Midlands and Yorkshire. It works mainly on public sector owned and brownfield land, in partnership with local authorities and housing associations to develop private, affordable and PRS homes. It recently established a modular panel manufacturing facility in Warrington to improve quality and reduce build times on site. Its developments include large scale urban regeneration projects at Beam Park, Rainham, Acton Gardens, Ealing and Rochester Riverside, Medway.

Countryside's Housebuilding division benefits from an industry leading strategic land bank which is focused around outer London and the Home Counties. It builds family homes, with a focus on placemaking and selling to local owner occupiers. Its developments include a number of large-scale projects including Beaulieu, Essex, Springhead Park, Ebbsfleet and Tattenhoe Park, Milton Keynes.

Following six years of continuous growth in volumes, Countryside delivered 5,733 homes in the twelve months to September 2019 - 4,425 through its Partnerships division and 1,308 through its Housebuilding division, with a mix of private for sale, PRS and affordable homes. Revenues were GBP1,422.8m with 92.5% customer satisfaction equivalent to HBF 5-star rating. It was listed on the London Stock Exchange in February 2016 as a constituent of the FTSE 250.

   For more information see   www.countrysideproperties.com  or follow @CountrysideProp on Twitter.

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