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29 May 2009 –Leading international law firm Mayer Brown is advising UK regeneration specialist, St Modwen Properties, in relation to a firm placing and open offer of new shares to raise £107 million. In addition, Mayer Brown advised St Modwen in relation to variations to its banking facilities.

J.P.Morgan Cazenove and Numis are acting as joint sponsors, bookrunners and brokers.

Stephanie Bates, co-head of equity capital markets at Mayer Brown in London, said: “We were delighted to be able to help our long standing client, St Modwen Properties, to strengthen their financial position.”

The Mayer Brown team was led by capital markets partners Kate Ball-Dodd and Stephanie Bates with tax partner Andrew Stanger and corporate associates Michelle Wyatt, Louise Barber and Archanna Ramu along with finance associate Simon Fisher.

For further information:
Charlotte Ward
PR Manager, London
+44 20 3130 8547

Stephanie Bates
Partner, London
+44 20 3130 3833

Kate Ball-Dodd
+44 20 3130 3611