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:

11 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:

9,057,168

1.06%

6,282,122

0.74%

(2)

Cash-settled derivatives:

6,040,020

0.71%

8,410,382

0.99%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,097,188

1.77%

14,692,504

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

200,669

1.0280 GBP

0.9869 GBP

25p ordinary

Sale

331,986

1.0038 GBP

0.987 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

108

0.9925 GBP

25p ordinary

 CFD

Decreasing Long

1,968

1.0232 GBP

25p ordinary

 CFD

Decreasing Long

2,608

20.5942 ZAR

25p ordinary

 CFD

Decreasing Long

11,096

19.7779 ZAR

25p ordinary

 CFD

Decreasing Long

15,288

20.4618 ZAR

25p ordinary

 SWAP

Decreasing Long

29,566

19.8994 ZAR

25p ordinary

 SWAP

Decreasing Long

36,730

20.3296 ZAR

25p ordinary

 CFD

Decreasing Long

110,572

0.9922 GBP

25p ordinary

 CFD

Decreasing Long

118,264

19.9054 ZAR

25p ordinary

 CFD

Decreasing Long

138,092

1.0136 GBP

25p ordinary

 CFD

Decreasing Long

146,920

20.3235 ZAR

25p ordinary

 CFD

Decreasing Long

147,524

1.0017 GBP

25p ordinary

 CFD

Decreasing Long

163,188

0.9870 GBP

25p ordinary

 CFD

Decreasing Short

108

0.9925 GBP

25p ordinary

 SWAP

Decreasing Short

626

19.7700 ZAR

25p ordinary

 SWAP

Decreasing Short

1,234

1.0361 GBP

25p ordinary

 CFD

Decreasing Short

1,968

1.0232 GBP

25p ordinary

 CFD

Decreasing Short

2,608

20.5942 ZAR

25p ordinary

 SWAP

Decreasing Short

3,400

19.7700 ZAR

25p ordinary

 CFD

Decreasing Short

11,096

19.7779 ZAR

25p ordinary

 CFD

Decreasing Short

15,288

20.4618 ZAR

25p ordinary

 SWAP

Decreasing Short

24,870

0.9963 GBP

25p ordinary

 CFD

Decreasing Short

110,572

0.9922 GBP

25p ordinary

 CFD

Decreasing Short

118,264

19.9054 ZAR

25p ordinary

 CFD

Decreasing Short

138,092

1.0136 GBP

25p ordinary

 CFD

Decreasing Short

146,920

20.3235 ZAR

25p ordinary

 CFD

Decreasing Short

147,524

1.0017 GBP

25p ordinary

 CFD

Decreasing Short

163,188

0.9870 GBP

25p ordinary

 SWAP

Increasing Long

48,973

0.9902 GBP

25p ordinary

 SWAP

Increasing Long

49,269

0.9888 GBP

25p ordinary

 SWAP

Increasing Long

49,680

0.9996 GBP

25p ordinary

 SWAP

Increasing Long

103,193

0.9965 GBP

25p ordinary

 SWAP

Increasing Short

750

1.0197 GBP

25p ordinary

 SWAP

Increasing Short

14,000

0.9960 GBP

25p ordinary

 CFD

Opening Long

108

0.9925 GBP

25p ordinary

 CFD

Opening Long

1,968

1.0232 GBP

25p ordinary

 CFD

Opening Long

2,608

20.5942 ZAR

25p ordinary

 CFD

Opening Long

11,096

19.7779 ZAR

25p ordinary

 CFD

Opening Long

15,288

20.4618 ZAR

25p ordinary

 CFD

Opening Long

110,572

0.9922 GBP

25p ordinary

 CFD

Opening Long

118,264

19.9054 ZAR

25p ordinary

 CFD

Opening Long

138,092

1.0136 GBP

25p ordinary

 CFD

Opening Long

146,920

20.3235 ZAR

25p ordinary

 CFD

Opening Long

147,524

1.0017 GBP

25p ordinary

 CFD

Opening Long

163,188

0.9870 GBP

25p ordinary

 CFD

Opening Short

108

0.9925 GBP

25p ordinary

 CFD

Opening Short

1,968

1.0232 GBP

25p ordinary

 CFD

Opening Short

2,608

20.5942 ZAR

25p ordinary

 CFD

Opening Short

11,096

19.7779 ZAR

25p ordinary

 CFD

Opening Short

15,288

20.4618 ZAR

25p ordinary

 CFD

Opening Short

110,572

0.9922 GBP

25p ordinary

 CFD

Opening Short

118,264

19.9054 ZAR

25p ordinary

 CFD

Opening Short

138,092

1.0136 GBP

25p ordinary

 CFD

Opening Short

146,920

20.3235 ZAR

25p ordinary

 CFD

Opening Short

147,524

1.0017 GBP

25p ordinary

 CFD

Opening Short

163,188

0.9870 GBP

(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:

12 Oct 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213