Quintain Estates and Development : reshapes leadership team as Wembley Park moves to next phase of transformation plan

decd301b-8d19-4874-9c56-aa23f50c73d1.pdf 15 June 2016 Quintain reshapes leadership team as Wembley Park moves to next phase of transformation plan

Quintain announces today that Angus Dodd, Chairman of Quintain, will become Chief Executive with effect from 27 June 2016. Max James is stepping down as Chief Executive but will continue to work as a consultant to the business.

Mr Dodd is currently Chairman of Quintain, and a Senior Managing Director and Co-Head of European Real Estate at Lone Star. Olivier Brahin, President of Lone Star in Europe, will become Chairman of Quintain. Simon Carter, who joined Quintain from British Land in 2015, will remain as Chief Financial Officer.

Quintain's senior team has also been strengthened by the appointment as Senior Advisers to the board of Sir David Higgins, an internationally acknowledged expert in large scale infrastructure and regeneration programmes, and Professor Ricky Burdett, a world renowned authority on urban planning and design.

Angus Dodd said:

"I am delighted to be taking over as Chief Executive at such a pivotal moment for the business following the recent approval of a new Masterplan for Wembley Park by Brent Council. I look forward to leading the continuing transformation of Wembley Park, one of Europe's biggest regeneration projects.

Quintain is committed to playing a key part in the next phase of the development of this unique part of London. This includes building new and affordable homes for sale as well as for rent, through Tipi, our PRS management business. The new homes will be complemented by an exciting and attractive mix of cultural, performance, sport, play, public realm, office and retail spaces.

I am committed to working in partnership with the many important local stakeholders at Wembley Park, and continuing Quintain's positive and constructive relationship with these parties to ensure that they all benefit from our investment in Wembley Park.

I would like to pay tribute to Max, who, over the last five years, has led Quintain's revitalisation. He has rationalised the business, created an exciting platform for growth and brought Wembley Park to life as a thriving new district for London. He leaves as Chief Executive with our very best wishes and I'm pleased he will remain on as a valued consultant".

Max James said:

"It has been a privilege to lead Quintain during the last five years and I am proud of our achievements as a team during that time. We have undergone a major transformation and laid the foundations for Wembley Park to become one of the most dynamic and exciting regeneration projects in Europe.

"It has been a real pleasure working with the Lone Star team and I feel now is the right time to step down as Chief Executive after five years. I want to thank all employees for all their support, hard work and dedication, and I look forward to working closely with Angus, Olivier and the rest of the Board to ensure the continued success of Quintain, especially Wembley Park".

Notes for editors

About Angus Dodd

Mr Dodd is a Senior Managing Director and Co-Head of European Real Estate at Lone Star, responsible for Lone Star's real estate activities in UK and Ireland having joined in 2009.

Previously, he was Managing Director at JER Partners and worked at INVESCO Real Estate, Parkes & Company and BZW. He qualified as a Chartered Surveyor at Jones Lang Wootton and has an MA in Land Economy from the University of Cambridge.

About Olivier Brahin

Mr Brahin is President of Lone Star Europe. Previously, he was President of Hudson Advisors Europe. He has also served as a Member of the Advisory or Supervisory Boards of TLG Immobilien AG, Globe Trade Centre SA, Corealcredit Bank AG, and IKB Deutsche Industriebank Aktiengesellschaft. He has a Master's degree in Finance and a Master's degree in Economics from the University Paris - Dauphine IX.

About Sir David Higgins

Sir David Higgins was knighted for his services to regeneration in 2011 and is currently Non- Executive Chairman of High Speed Two (HS2), the Government-owned company in charge of the planning and delivery of the £50 billion high speed lines connecting London, Birmingham, Leeds and Manchester. He was formerly Chief Executive of Network Rail, the London Olympic Delivery Authority, English Partnerships, and Lend Lease. He graduated with a Bachelor's degree in Engineering from Sydney University, a Post Graduate Diploma from the Securities Institute of Australia, and is a Fellow at the Institution of Civil Engineers.

About Professor Ricky Burdett

Professor Burdett is Founder and Director of LSE Cities and Urban Age, and is Professor of Urban Studies at the London School of Economics. He was previously Visiting Professor at Harvard University, Global Distinguished Professor at New York University, and Founding Director of the Architecture Foundation. He has advised on numerous international

projects, including the London Olympic Delivery Authority, and was a member of the UK Government's Airports Commission. He has a Bachelor's degree in Architecture from the University of Bristol, and a Master's degree in Advanced Architectural Studies and a Diploma in Architecture (RIBA Part II) from University College, London.

About Quintain (@QuintainLtd)

Quintain is the London-focused property developer behind Wembley Park. Established in 1992, the company is focused on transforming the 85 acre estate into London's most exciting mixed-use destination and newest residential neighbourhood.

www.quintain.co.uk

About Wembley Park (@WembleyPark)

Wembley Park is the development by Quintain which is transforming the 85-acre area around Wembley Stadium and The SSE Arena, bringing together new shopping at London Designer Outlet, leisure facilities, new homes and beautiful public spaces to create a major new destination and residential neighbourhood for London.

For further information please contact:

Quintain Harriet Pask Tel: +44 (0)20 3219 2200 comms@quintain.co.uk

Finsbury Jenny Davey James Thompson Tel: +44 (0)20 7251 3801 Quintain@finsbury.com