HALLAM ANNUAL REVIEW

Hallam have had another successful year, despite a quiet year selling land with consent. Site disposals with planning permission were restricted to small sites at Mansfield, Desford and Bishopbriggs. The work we have undertaken to build value into our land holdings has not been reflected in the 2012 pure financial results. During the year, we worked on an unprecedented number of sites within the planning process and were particularly successful in securing planning permissions or minded to grant planning permissions on a large number of sites and further increased our site acreage.

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PLANNING UPDATE

It is pleasing to report that over the last 12 months we have secured planning permission or minded to grant permission subject to the signing of a planning agreement on the following sites:

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NEW DIRECTORS

Paul Burton and Peter Glazebrook have been appointed as Directors of Hallam Land Management Limited with effect for 1st January 2013. Paul joined the company in 2000 as a Land Buyer and Planner having previously worked for Yorkshire Water as an Environmental Planner.

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PLANNING UPDATE

Over last 12 months we have secured planning permission or minded to grant permission, subject to the signing of a planning agreement, on the following sites:

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HALLAM LAND MANAGEMENT LIMITED – IMPROVED RESULTS FOR 2011

Hallam Land had a very successful year in 2011 in terms of its trading activity and also in securing new planning commitments. The trading performance for the year has improved on the last two years with external turnover of 30.1 million pounds and a profit before tax of 11.1 million pounds.

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MOVING FORWARD IN 2011

During a busy 2011 Hallam Land has concluded land sales at Rugby, Oxford and Countersthorpe. These transactions have continued a year of successful trading in what has been a challenging market.

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ENHANCED PLANNING PERMISSION AT BISHOPBRIGGS

Following an appeal to the Scottish Government last year which secured a 32 unit consent at Kirkintilloch Road, Bishopbriggs, an application followed in February of this year for an enhanced scheme of 50 units (including 14 affordable properties).

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THE NEW FACES OF BRIDGWATER

Hallam Land Management, the strategic land arm of the Henry Boot Group, has joined forces with Wm Morrison Supermarket PLC (Morrisons) and Barratt to invest in a major mixed use regeneration scheme in Bridgwater.

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BUCKINGHAM SALE

Hallam Land Management Limited has completed the sale of optioned land with planning permission for 700 dwellings at Buckingham to Barratt Developments PLC and Bovis Homes Group PLC for an undisclosed sum.

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