19 November 2020

Springfield Properties plc

("Springfield" or the "Group")

Block listing application

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, announces that an application has been made to the London Stock Exchange for a block listing of 5,726,808 new ordinary shares of 0.125p each in the Company ("Ordinary Shares") to be admitted to trading on AIM.

The Ordinary Shares will be issued from time to time pursuant to the exercise of share options under the following employee share option schemes:

· The Springfield Properties plc SAYE Option Plan (2,378,644 Ordinary Shares);

· The Springfield Properties plc Company Share Option Plan (1,218,429 Ordinary Shares); and

· The Springfield Properties plc Employee Share Option Plan (2,129,735 Ordinary Shares).

When issued, the Ordinary Shares under the block listing will rank pari passu with the Company's existing issued Ordinary Shares. It is expected that admission will be effective on 25 November 2020.

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