SHAFTESBURY CAPITAL PLC - Response to market speculation

Response to market speculation

SHAFTESBURY CAPITAL PLC
(Incorporated and registered in the United Kingdom
with Registration Number 07145051 and
registered in South Africa as an external company
with Registration Number 2010/003387/10)
JSE code: SHC ISIN: GB00B62G9D36
LEI: 549300TTXXZ1SHUI0D54
("Shaftesbury Capital" or "the Company")


RESPONSE TO MARKET SPECULATION


PRESS RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION


FOR IMMEDIATE RELEASE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Shaftesbury Capital PLC notes recent market speculation and confirms that it is in advanced discussions with Norges
Bank Investment Management ("NBIM") regarding a potential long-term partnership in relation to the Company's
Covent Garden portfolio, which was independently valued at £2.7 billion as at 31 December 2024.

It is currently anticipated that such a transaction, if completed, would result in NBIM becoming a 25 per cent
shareholder in the Covent Garden portfolio, acquiring the position in line with the December 2024 valuation. The
Company would retain control and management of the portfolio.

The transaction would position the Company strongly to pursue further long-term value creation and growth
opportunities across its portfolio.

At this stage there is no certainty that any transaction will be agreed. Further announcements will be made in due
course as appropriate.

The person responsible for arranging the release of this announcement is Ruth Pavey, Company Secretary.

Enquiries:

Shaftesbury Capital PLC                                                     +44 (0)20 3214 9150

Ian Hawksworth            Chief Executive

Situl Jobanputra          Chief Financial Officer

Sarah Corbett             Director of Commercial Finance and Investor Relations
                     

About Shaftesbury Capital

Shaftesbury Capital PLC ("Shaftesbury Capital") is the leading central London mixed-use REIT and is a constituent
of the FTSE-250 Index. Our property portfolio, valued at £5.0 billion at 31 December 2024, extends to 2.7 million
square feet of lettable space across the most vibrant areas of London's West End. With a diverse mix of shops,
restaurants, cafés, bars, residential and offices, our destinations include the high footfall, thriving
neighbourhoods of Covent Garden, Carnaby, Soho and Chinatown. Our properties are close to the main West
End Underground stations and transport hubs for the Elizabeth Line. Shaftesbury Capital shares are listed on the
London Stock Exchange ("LSE") (primary) and the Johannesburg Stock Exchange ("JSE") (secondary) and the A2X (secondary).


20 March 2025


Sponsor
Java Capital

Date: 20-03-2025 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.