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

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:

13 October 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:

9,438,208

1.11%

5,935,198

0.70%

(2)

Cash-settled derivatives:

5,623,158

0.66%

8,776,371

1.03%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,061,366

1.77%

14,711,569

1.73%

(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

833,288

1.0177 GBP

0.9525 GBP

25p ordinary

Sale

300,663

0.9942 GBP

0.9495 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

25p ordinary

 CFD

Decreasing Long

744

0.9674 GBP

25p ordinary

 CFD

Decreasing Long

5,068

19.7694 ZAR

25p ordinary

 SWAP

Decreasing Long

7,090

19.9917 ZAR

25p ordinary

 CFD

Decreasing Long

8,512

19.9829 ZAR

25p ordinary

 SWAP

Decreasing Long

16,738

0.9586 GBP

25p ordinary

 CFD

Decreasing Long

26,820

0.9560 GBP

25p ordinary

 SWAP

Decreasing Long

27,374

0.9630 GBP

25p ordinary

 CFD

Decreasing Long

30,044

19.8038 ZAR

25p ordinary

 SWAP

Decreasing Long

36,654

19.8054 ZAR

25p ordinary

 CFD

Decreasing Long

38,484

0.9555 GBP

25p ordinary

 SWAP

Decreasing Long

86,810

0.9713 GBP

25p ordinary

 SWAP

Decreasing Long

88,495

0.9721 GBP

25p ordinary

 CFD

Decreasing Long

127,428

0.9599 GBP

25p ordinary

 CFD

Decreasing Long

128,012

0.9657 GBP

25p ordinary

 CFD

Decreasing Long

146,616

19.8114 ZAR

25p ordinary

 SWAP

Decreasing Long

173,697

0.9709 GBP

25p ordinary

 SWAP

Decreasing Long

303,809

20.0639 ZAR

25p ordinary

 CFD

Decreasing Long

1,196,180

0.9737 GBP

25p ordinary

 CFD

Decreasing Long

1,215,236

20.0579 ZAR

25p ordinary

 SWAP

Decreasing Short

200

0.9630 GBP

25p ordinary

 SWAP

Decreasing Short

600

0.9619 GBP

25p ordinary

 CFD

Decreasing Short

744

0.9674 GBP

25p ordinary

 SWAP

Decreasing Short

1,589

0.9687 GBP

25p ordinary

 SWAP

Decreasing Short

1,712

0.9637 GBP

25p ordinary

 SWAP

Decreasing Short

2,527

0.9938 GBP

25p ordinary

 SWAP

Decreasing Short

3,891

0.9627 GBP

25p ordinary

 CFD

Decreasing Short

5,068

19.7694 ZAR

25p ordinary

 SWAP

Decreasing Short

7,090

19.9917 ZAR

25p ordinary

 CFD

Decreasing Short

8,512

19.9829 ZAR

25p ordinary

 CFD

Decreasing Short

26,820

0.9560 GBP

25p ordinary

 CFD

Decreasing Short

30,044

19.8038 ZAR

25p ordinary

 CFD

Decreasing Short

38,484

0.9555 GBP

25p ordinary

 CFD

Decreasing Short

127,428

0.9599 GBP

25p ordinary

 CFD

Decreasing Short

128,012

0.9657 GBP

25p ordinary

 CFD

Decreasing Short

146,616

19.8114 ZAR

25p ordinary

 CFD

Decreasing Short

1,196,180

0.9737 GBP

25p ordinary

 CFD

Decreasing Short

1,215,236

20.0579 ZAR

25p ordinary

 SWAP

Increasing Short

550

0.9555 GBP

25p ordinary

 SWAP

Increasing Short

883

19.3900 ZAR

25p ordinary

 SWAP

Increasing Short

18,000

0.9581 GBP

25p ordinary

 SWAP

Increasing Short

60,039

0.9692 GBP

25p ordinary

 CFD

Opening Long

744

0.9674 GBP

25p ordinary

 SWAP

Opening Long

883

19.3900 ZAR

25p ordinary

 CFD

Opening Long

5,068

19.7694 ZAR

25p ordinary

 CFD

Opening Long

8,512

19.9829 ZAR

25p ordinary

 CFD

Opening Long

26,820

0.9560 GBP

25p ordinary

 CFD

Opening Long

30,044

19.8038 ZAR

25p ordinary

 CFD

Opening Long

38,484

0.9555 GBP

25p ordinary

 CFD

Opening Long

127,428

0.9599 GBP

25p ordinary

 CFD

Opening Long

128,012

0.9657 GBP

25p ordinary

 CFD

Opening Long

146,616

19.8114 ZAR

25p ordinary

 CFD

Opening Long

1,196,180

0.9737 GBP

25p ordinary

 CFD

Opening Long

1,215,236

20.0579 ZAR

25p ordinary

 CFD

Opening Short

744

0.9674 GBP

25p ordinary

 SWAP

Opening Short

1,250

0.9584 GBP

25p ordinary

 CFD

Opening Short

5,068

19.7694 ZAR

25p ordinary

 CFD

Opening Short

8,512

19.9829 ZAR

25p ordinary

 SWAP

Opening Short

11,750

0.9688 GBP

25p ordinary

 SWAP

Opening Short

18,432

0.9631 GBP

25p ordinary

 CFD

Opening Short

26,820

0.9560 GBP

25p ordinary

 CFD

Opening Short

30,044

19.8038 ZAR

25p ordinary

 CFD

Opening Short

38,484

0.9555 GBP

25p ordinary

 CFD

Opening Short

127,428

0.9599 GBP

25p ordinary

 CFD

Opening Short

128,012

0.9657 GBP

25p ordinary

 CFD

Opening Short

146,616

19.8114 ZAR

25p ordinary

 CFD

Opening Short

1,196,180

0.9737 GBP

25p ordinary

 CFD

Opening Short

1,215,236

20.0579 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:

14 Oct 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213