BARRATT DEVELOPMENTS PLC

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21 February 2018 BARRATT DEVELOPMENTS PLC Half year results for the six month period ended 31 December 2017 Strong first half performance m unless otherwise stated1,2 Half year ended 31 December 2017 Half year ended 31 December 2016 Change Total completions (plots)3 7,324 7,180 Revenue 1, 1, Profit from operations Operating margin (%) ppts Profit before tax Interim dividend per share (pence) ROCE (%) ppts Net Cash ( ) Highlights Strong operational and financial performance driven by good customer demand The UK s largest housebuilder with total completions3 for the first half at 7,324 plots Good growth in profit before tax, up to with ROCE up by ppts to Approved the purchase of (2016: ) of land reflecting confidence in the market, excellent land opportunities and commitment to disciplined volume growth Continued focus on industry-leading customer satisfaction and build quality demonstrated by winning the 2017 Large Builder NHBC Supreme National Award New Cambridgeshire division to open, helping to meet high demand for new homes in the region Current trading Net private reservations up at a very strong ( 2017 : ) per active outlet per average week Total forward sales3 up to 3, as at 18 February 2018 (19 February 2017 : 3, ) Capital Return Plan Extended Capital Return Plan with ongoing commitment to ordinary dividend cover

21 February 2018 BARRATT DEVELOPMENTS PLC Half year results for the six month period ended 31 December 2017 Strong first half …

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