press release

1 June 2017

Hikma Pharmaceuticals and Properties relegated from FTSE 100

Ian Forrest, investment research analyst at The Share Centre, comments on the winners and losers of the latest FTSE reshuffle:

‚As we rightly predicted, FTSE Russell, the global index provider, has officially confirmed that the smallest pharmaceutical company in the FTSE 100, and large shopping centre investor Intu Properties have been demoted from the FTSE 100.

‚Hikma Pharmaceuticals shares have been dropping off in the group of late after it emerged that the company was unlikely to receive US regulatory approval for a generic drug for asthma this year, with further data submissions needed before approval. Combine this with the impact of the recent devaluation of the Egyptian pound and the high scrutiny its management are under for failing to carry out proper due diligence for the acquisition of West Ward Columbus, it is unsurprising to see the group in this predicament.

‚Intu Properties, which is a investment trust (REIT) has, like many of its peers, seen its shares underperform in recent months due to concerns about the impact of Brexit on the UK economy and retail sales. The group did beat market expectations with its full year results in February and said it was confident of achieving an increase in net rental income in 2017 despite what is likely to be a challenging business environment. Nevertheless, the consensus forecasts for earnings and dividend growth are uninspiring.

‚These relegations do pave the way for two exciting entrants to the FTSE 100. First is G4S, the world’s leading security solutions group, which has secured its return to the the index. With operations in over 110 countries, the firm specialises in outsourcing business

processes in sectors where security and safety risks are considered a strategic threat. Property company will also be added to the FTSE 100 index. The group develops and manages warehouse and industrial properties located on the edge of major urban conurbations in the UK and Europe. It has benefited from the rise in online retailing and the accompanying need for more warehousing around the country.

‚Investors should note that the changes outlined above will come into effect from 19 June 2017.‛

---Ends---

Note to editors:

Companies promoted to the FTSE 100

Company Current share High over Low over P/E ratio and price past year past year yield G4S 325 329 145 17.6, 2.9% Segro 507 508 317 26.4, 3.2%

Companies relegated from the FTSE 100

Company Current share High over Low over P/E ratio and price past year past year yield Hikma 1704 2703 1573 18.7, 1.5% Pharmaceuticals Intu Properties 274 320 255 18.1, 5.2%

For further information please contact:

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Joe Dumont Sophie Hobart Isobel Shea Head of Corporate Communications PR Executive Corporate Communications Coordinator 01296 439 426 01296 439 129 01296 439 435 [email protected] [email protected] [email protected]

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Adam Smith Kate Cunningham Leanne Tsang Associate Director Senior Account Manager Account Manager 020 7360 7816 020 7864 4138 020 7360 7856 [email protected] [email protected] [email protected]

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