Takeover Offers

-2.63076351.420929BS13 8AEThe City of BristolFinancial Services and Markets Act 2000Companies Act 2006COMPANIES ACT 2006-2.63055151.423232BS99 6AH2014-12-302014-12-31TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk225783461100

NOTICE OF FINAL CASH OFFER

by

STORK HOLDCO L.P.

AN ENTITY JOINTLY CONTROLLED BY QATAR INVESTMENT AUTHORITY AND BROOKFIELD PROPERTY PARTNERS L.P., FOR SONGBIRD ESTATES PLC PURSUANT TO SECTION 978(1)(C)(II) OF THE COMPANIES ACT 2006

Notice is hereby given in accordance with section 978(1)(c)(ii) of the Companies Act 2006 that a final cash offer (the “Songbird Offer”) has been made by Stork Holdco L.P. (“Bidco”), an entity jointly controlled by Qatar Investment Authority (“QIA”) and Brookfield Property Partners L.P. (“Brookfield”), to acquire all the issued and to be issued ordinary share capital of Songbird Estates plc. Under the Songbird Offer, Songbird Shareholders are entitled to receive 350 pence in cash for each Songbird Share.

The offer document, containing the terms and conditions of the Songbird Offer and the procedures for acceptance (the “Offer Document”) was dated, published and posted to Songbird Shareholders on 30 December 2014.

The Offer Document may be inspected, and copies thereof may be obtained, during normal office hours at the offices of Computershare Investor Services PLC at The Pavilions, Bridgwater Road, Bristol BS13 8AE. The Offer Document may also be viewed on Bidco’s website at www.songbirdoffer.com.

This notice does not constitute, and must not be construed as, an offer to sell or an invitation to purchase or subscribe for any securities or the solicitation of an offer to purchase or subscribe for any securities, pursuant to the Songbird Offer or otherwise. The Songbird Offer is being made solely by the Offer Document and, in the case of Songbird Shareholders holding Songbird Shares in certificated form, the Form of Acceptance, which contain the full terms and conditions of the Songbird Offer. Songbird Shareholders should read the Offer Document and, in the case of Songbird Shareholders holding Songbird Shares in certificated form, the Form of Acceptance as they contain important information. Songbird Shareholders who accept the Songbird Offer may rely only on the Offer Document and, in the case of Songbird Shareholders holding Songbird Shares in certificated form, the Form of Acceptance, for all the terms and conditions of the Offer.

The Songbird Offer is not capable of acceptance from or within any jurisdiction where to do so would violate the laws in that jurisdiction. Accordingly, persons reading this notice or receiving the Offer Document, the Form of Acceptance and any accompanying document (including, without limitation, custodians, nominees and trustees) who have a contractual or legal obligation or who may otherwise intend to forward this notice, the Offer Document, the Form of Acceptance and any accompanying document must not mail or otherwise distribute or send them in, into or from any jurisdiction where to do so would violate the laws in that jurisdiction, as doing so may invalidate any purported acceptance of the Songbird Offer. The availability of the Songbird Offer to Songbird Shareholders who are not resident in the United Kingdom, or who are citizens, residents or nationals of jurisdictions outside the United Kingdom or who are nominees of, or custodians or trustees for, citizens, residents or nationals of other jurisdictions, may be prohibited or affected by the laws of the relevant jurisdictions in which they are citizens or of which they are residents or nationals. Such persons should inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdictions.

Any Songbird Shareholder who is in any doubt as to what action he/she should take should is recommended to seek his/her personal financial advice immediately from his/her stockbroker, bank manager, solicitor, accountant or other independent financial adviser who, if such person is taking advice in the United Kingdom, is authorised pursuant to the Financial Services and Markets Act 2000 or, if such person is in a territory outside the United Kingdom, from an appropriately authorised independent financial adviser.

The Songbird Offer is made in respect of all Songbird Shares issued and unconditionally allotted, including Songbird Shares held by persons to whom the Offer Document is not dispatched. The Songbird Offer is, by means of this notice, being notified to all persons to whom the Offer Document may not be dispatched. Any such persons may obtain a copy of the Offer Document and the relevant Form of Acceptance by contacting the Receiving Agent, Computershare Investor Services PLC at Corporate Action Projects, Bristol BS99 6AH or by telephoning the Receiving Agent on 0870 707 1288 (or +44 870 707 1288, if telephoning from outside the UK).

Terms defined in the Offer Document have the same meanings in this notice.

31 December 2014