Interim Management Statement.
ST. MODWEN PROPERTIES PLC
("St. Modwen" or the "Company")
INTERIM MANAGEMENT STATEMENT FOR THE PERIOD TO 4 APRIL 2012
CONTINUED STRONG OPERATIONAL PROGRESS
St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, is pleased to announce that the business has continued to perform well since the announcement of its 2011 annual results on 7 February 2012. Our profits and cashflows are in line with our expectations, we are very pleased that we have been selected, in joint venture with VINCI PLC, for the major £2bn regeneration of New Covent Garden Market in Nine Elms, London, and that we have completed the previously announced refinancing of our Key Property Investments ("KPI") joint venture.