Form 8.5 (EPT/NON-RI) CAPITAL & COUNTIES

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose

CAPITAL & COUNTIES PROPERTIES PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

CAPITAL & COUNTIES PROPERTIES PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

01 June 2022

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

SHAFTESBURY PLC

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

25p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

4,321,969

0.51%

5,893,957

0.69%

(2)

Cash-settled derivatives:

19,713,019

2.32%

3,214,252

0.38%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

24,034,988

2.82%

9,108,209

1.07%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

25p ordinary

Purchase

178,834

1.6420 GBP

1.6127 GBP

25p ordinary

Sale

217,459

1.6445 GBP

1.6144 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

25p ordinary

 SWAP

Decreasing Long

148

31.4200 ZAR

25p ordinary

 CFD

Decreasing Long

200

31.4200 ZAR

25p ordinary

 CFD

Decreasing Long

200

31.4200 ZAR

25p ordinary

 SWAP

Decreasing Long

407

31.9200 ZAR

25p ordinary

 SWAP

Decreasing Long

509

31.9100 ZAR

25p ordinary

 SWAP

Decreasing Long

1,150

1.6397 GBP

25p ordinary

 SWAP

Decreasing Long

1,195

32.0119 ZAR

25p ordinary

 CFD

Decreasing Long

1,844

1.6389 GBP

25p ordinary

 SWAP

Decreasing Long

3,349

31.9916 ZAR

25p ordinary

 CFD

Decreasing Long

4,988

31.5546 ZAR

25p ordinary

 CFD

Decreasing Long

6,152

31.9486 ZAR

25p ordinary

 CFD

Decreasing Long

6,552

1.6251 GBP

25p ordinary

 SWAP

Decreasing Long

10,377

31.5515 ZAR

25p ordinary

 CFD

Decreasing Long

11,268

1.6373 GBP

25p ordinary

 CFD

Decreasing Long

13,396

32.0012 ZAR

25p ordinary

 CFD

Decreasing Long

48,320

1.6153 GBP

25p ordinary

 CFD

Decreasing Long

77,916

1.6182 GBP

25p ordinary

 SWAP

Decreasing Long

85,204

31.9700 ZAR

25p ordinary

 SWAP

Decreasing Long

85,204

31.9700 ZAR

25p ordinary

 SWAP

Decreasing Long

89,712

31.5803 ZAR

25p ordinary

 CFD

Decreasing Long

356,268

1.6213 GBP

25p ordinary

 CFD

Decreasing Long

358,848

31.5709 ZAR

25p ordinary

 SWAP

Decreasing Short

148

31.4200 ZAR

25p ordinary

 CFD

Decreasing Short

200

31.4200 ZAR

25p ordinary

 CFD

Decreasing Short

200

31.4200 ZAR

25p ordinary

 SWAP

Decreasing Short

407

31.9200 ZAR

25p ordinary

 SWAP

Decreasing Short

509

31.9100 ZAR

25p ordinary

 SWAP

Decreasing Short

888

1.6250 GBP

25p ordinary

 SWAP

Decreasing Short

1,195

32.0119 ZAR

25p ordinary

 CFD

Decreasing Short

1,844

1.6389 GBP

25p ordinary

 SWAP

Decreasing Short

1,858

1.6287 GBP

25p ordinary

 SWAP

Decreasing Short

2,356

1.6186 GBP

25p ordinary

 CFD

Decreasing Short

4,988

31.5546 ZAR

25p ordinary

 CFD

Decreasing Short

6,152

31.9486 ZAR

25p ordinary

 CFD

Decreasing Short

6,552

1.6251 GBP

25p ordinary

 SWAP

Decreasing Short

7,711

1.6304 GBP

25p ordinary

 CFD

Decreasing Short

11,268

1.6373 GBP

25p ordinary

 SWAP

Decreasing Short

13,363

1.6262 GBP

25p ordinary

 CFD

Decreasing Short

13,396

32.0012 ZAR

25p ordinary

 SWAP

Decreasing Short

38,426

1.6171 GBP

25p ordinary

 CFD

Decreasing Short

48,320

1.6153 GBP

25p ordinary

 CFD

Decreasing Short

77,916

1.6182 GBP

25p ordinary

 SWAP

Decreasing Short

85,204

31.9700 ZAR

25p ordinary

 CFD

Decreasing Short

356,268

1.6213 GBP

25p ordinary

 CFD

Decreasing Short

358,848

31.5709 ZAR

25p ordinary

 SWAP

Increasing Long

888

1.6250 GBP

25p ordinary

 SWAP

Increasing Long

1,232

1.6179 GBP

25p ordinary

 SWAP

Increasing Long

1,351

1.6189 GBP

25p ordinary

 SWAP

Increasing Long

1,500

1.6190 GBP

25p ordinary

 SWAP

Increasing Long

2,309

1.6130 GBP

25p ordinary

 SWAP

Increasing Long

6,232

1.6449 GBP

25p ordinary

 SWAP

Increasing Long

11,051

1.6129 GBP

25p ordinary

 SWAP

Increasing Long

11,798

1.6380 GBP

25p ordinary

 SWAP

Increasing Short

100

1.6319 GBP

25p ordinary

 SWAP

Increasing Short

200

1.6280 GBP

25p ordinary

 SWAP

Increasing Short

908

1.6316 GBP

25p ordinary

 SWAP

Increasing Short

2,500

1.6246 GBP

25p ordinary

 SWAP

Increasing Short

10,377

31.5515 ZAR

25p ordinary

 SWAP

Increasing Short

85,204

31.9700 ZAR

25p ordinary

 CFD

Opening Long

200

31.4200 ZAR

25p ordinary

 CFD

Opening Long

200

31.4200 ZAR

25p ordinary

 CFD

Opening Long

1,844

1.6389 GBP

25p ordinary

 CFD

Opening Long

4,988

31.5546 ZAR

25p ordinary

 CFD

Opening Long

6,152

31.9486 ZAR

25p ordinary

 CFD

Opening Long

6,552

1.6251 GBP

25p ordinary

 CFD

Opening Long

11,268

1.6373 GBP

25p ordinary

 CFD

Opening Long

13,396

32.0012 ZAR

25p ordinary

 CFD

Opening Long

48,320

1.6153 GBP

25p ordinary

 CFD

Opening Long

77,916

1.6182 GBP

25p ordinary

 CFD

Opening Long

356,268

1.6213 GBP

25p ordinary

 CFD

Opening Long

358,848

31.5709 ZAR

25p ordinary

 CFD

Opening Short

200

31.4200 ZAR

25p ordinary

 CFD

Opening Short

200

31.4200 ZAR

25p ordinary

 CFD

Opening Short

1,844

1.6389 GBP

25p ordinary

 CFD

Opening Short

4,988

31.5546 ZAR

25p ordinary

 CFD

Opening Short

6,152

31.9486 ZAR

25p ordinary

 CFD

Opening Short

6,552

1.6251 GBP

25p ordinary

 CFD

Opening Short

11,268

1.6373 GBP

25p ordinary

 CFD

Opening Short

13,396

32.0012 ZAR

25p ordinary

 CFD

Opening Short

48,320

1.6153 GBP

25p ordinary

 CFD

Opening Short

77,916

1.6182 GBP

25p ordinary

 CFD

Opening Short

356,268

1.6213 GBP

25p ordinary

 CFD

Opening Short

358,848

31.5709 ZAR

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

6 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213