TIDMCDFF

RNS Number : 4182H

Cardiff Property PLC

24 March 2020

RNS ANNOUNCEMENT

24 March 2020

LEI: 213800GE3FA4C52C1N05

The Cardiff Property plc ("the company")

Purchase of own shares

On 23 March 2020, the Company purchased 3,000 of its own ordinary shares of 20 pence each ("Shares") at a price of GBP16.30 per share and on the 24 March 2020 purchased 3,641 ordinary shares at GBP16.50 per share. The Shares will be cancelled.

Following this transaction, the unchanged holding of Mr J R Wollenberg and members of his family ("the Concert Party") of 561,298 Shares, now represents 45.94% of the Company's issued share capital. Pursuant to the waiver granted by the Takeover Panel and approved by Shareholders (excluding the Concert Party) at the Company's Extraordinary General Meeting held on 16 January 2020, there is no obligation on the Concert Party to make an offer under Rule 9 or Rule 37 of the City Code on Takeovers and Mergers.

The number of shares with voting rights in issue following this transaction is 1,221,843 Therefore the total number of voting rights in the Company is 1,221,843 which number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information;

   The Cardiff Property plc                     Richard Wollenberg                01784 437444

Shore Capital Patrick Castle 0207 408 4050

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 24, 2020 11:00 ET (15:00 GMT)

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