PRESS RELEASE

10 February 2016 NARS to join Covent Garden’s “Beauty Quarter”

Capital & Counties Properties PLC (“Capco”) is delighted to announce that luxury beauty brand NARS will join Covent Garden’s ‘Beauty Quarter’ on King Street.

The store, which comprises 900 square feet, is expected to open in the summer and will complement the array of premium brands on King Street, which includes Jo Malone, Sandro and Claudie Pierlot.

Recent openings in Covent Garden’s Beauty Quarter include the first UK stand-alone ‘Beauty Boudoir’ from Charlotte Tilbury, joining Kiko on James Street. These new additions sit alongside beauty concept stores from Chanel, Dior and Burberry as well as , and Kiehl’s. Premium fragrance and skincare brands also in the district include the Jo Malone flagship store, , Miller Harris and Penhaligon’s.

Sarah-Jane Curtis, Director of Capco Covent Garden, commented: “King Street continues to go from strength to strength and we are delighted to welcome the latest luxury beauty brand to the estate. It is an exciting time for Covent Garden as a leading global retail destination for brands and consumers and the arrival of NARS is further confirmation of our status as London’s number one Beauty Quarter.”

“Covent Garden has become the epicentre for luxury beauty, and we are thrilled to be opening our first UK-based freestanding boutique there,” said Bethan Williams, Managing Director for NARS UK and Ireland. “We have received a lot of demand for the brand from consumers in the region and now we will be able to provide an exclusive atmosphere to experience its range of rich colours, luxurious textures, and innovative products."

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Enquiries

Capital & Counties Properties PLC Maxine Rushworth +44 (0)207 355 7747 Tulchan Communications +44 (0)207 353 4200 Martha Walsh / Susanna Voyle

NARS Dafna Ross +44 (0) 203 846 4272

Notes to editors

About Capco Covent Garden:

Covent Garden is one of the most distinct and vibrant estates in London. The district is now home to Chanel, Dior, Balthazar and Ivy Market Grill and has recently unveiled some of the finest residential properties in London.

Capital & Counties Properties PLC ('Capco') is responsible for the management and curation of over 1 million sq. ft. of space at Covent Garden valued at £1.8 billion (as at 30 June 2015). Under Capco’s stewardship, Covent Garden has been transformed into a world-class destination, welcoming over 40 million customer visits a year. www.coventgarden.london

About Capital & Counties Properties PLC (Capco): Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco’s assets are valued at £3.4 billion1 (as at 30 June 2015) in two landmark London estates: Covent Garden, including the historic Market Building, and Earls Court Properties including the Empress State Building together with the Venues business. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange. www.capitalandcounties.com

1. Group share

About NARS: Celebrating over 20 years of audacious beauty, NARS Cosmetics is a luxury beauty brand for the modern, independent woman. Founded by makeup artist François Nars in 1994, it embraces individuality and inspires self-expression and creativity by bringing high-fashion, high-style, and a forward-thinking attitude to beauty. Bold, unexpected color and luxurious textures ensure each product lives up to the brand’s DNA – modern, audacious, iconic. Acquired by in 2000, NARS cosmetics are distributed through specialty beauty and department stores globally. For more information visit: www.narscosmetics.co.uk.