Countryside Properties PLC Response to Browning West, LP (3637H)

TIDMCSP

RNS Number : 3637H

Countryside Properties PLC

03 December 2020

3 December 2020

Countryside Properties plc

Response to Browning West, LP

Today, the Board of Directors of Countryside Properties plc ("Countryside"), a leading UK mixed-tenure developer, has sent a letter responding to Browning West, LP's public statements of 2(nd) December 2020. A copy of the Board's letter can be found on the investor relations section of Countryside's website: investors.countrysideproperties.com/results-and-news/results-reports-and-presentations

Countryside has a long-standing practice of not commenting on private conversations with individual shareholders. However, given the public nature of Browning West's communications, the Board has made its response public as well in this instance so that its positions are clear to all shareholders and other stakeholders.

- ENDS -

Enquiries:

Countryside Properties - 01277 260 000

Victoria Prior - Managing Director, Corporate Affairs

Brunswick Group LLP - 020 7404 5959

Nina Coad / Robin Wrench / Oliver Sherwood

Note to editors:

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 Park, Essex, Springhead Park, Ebbsfleet and Tattenhoe Park, Milton Keynes.

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

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