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 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:

3,700,229

0.43%

5,639,599

0.66%

(2)

Cash-settled derivatives:

11,401,680

1.34%

2,547,628

0.30%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,101,909

1.77%

8,187,227

0.96%

(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

528,543

1.5207 GBP

1.4885 GBP

25p ordinary

Sale

576,606

1.5444 GBP

1.486 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

1,004

29.2300 ZAR

25p ordinary

 CFD

Decreasing Long

1,004

29.2300 ZAR

25p ordinary

 CFD

Decreasing Long

3,120

29.4571 ZAR

25p ordinary

 CFD

Decreasing Long

4,028

29.2439 ZAR

25p ordinary

 SWAP

Decreasing Long

4,638

29.8088 ZAR

25p ordinary

 CFD

Decreasing Long

13,160

29.3433 ZAR

25p ordinary

 CFD

Decreasing Long

18,400

1.5210 GBP

25p ordinary

 CFD

Decreasing Long

18,552

29.8178 ZAR

25p ordinary

 SWAP

Decreasing Long

66,406

29.3751 ZAR

25p ordinary

 SWAP

Decreasing Long

247,543

29.4283 ZAR

25p ordinary

 CFD

Decreasing Long

517,424

1.4973 GBP

25p ordinary

 CFD

Decreasing Long

990,020

1.5017 GBP

25p ordinary

 CFD

Decreasing Long

990,172

29.4195 ZAR

25p ordinary

 CFD

Decreasing Short

1,004

29.2300 ZAR

25p ordinary

 CFD

Decreasing Short

1,004

29.2300 ZAR

25p ordinary

 CFD

Decreasing Short

3,120

29.4571 ZAR

25p ordinary

 CFD

Decreasing Short

4,028

29.2439 ZAR

25p ordinary

 SWAP

Decreasing Short

5,504

1.5002 GBP

25p ordinary

 SWAP

Decreasing Short

5,731

1.5420 GBP

25p ordinary

 SWAP

Decreasing Short

7,457

1.5158 GBP

25p ordinary

 SWAP

Decreasing Short

8,071

1.5207 GBP

25p ordinary

 CFD

Decreasing Short

13,160

29.3433 ZAR

25p ordinary

 CFD

Decreasing Short

18,400

1.5210 GBP

25p ordinary

 CFD

Decreasing Short

18,552

29.8178 ZAR

25p ordinary

 SWAP

Decreasing Short

32,849

1.5331 GBP

25p ordinary

 SWAP

Decreasing Short

66,406

29.3751 ZAR

25p ordinary

 SWAP

Decreasing Short

108,424

1.5335 GBP

25p ordinary

 CFD

Decreasing Short

517,424

1.4973 GBP

25p ordinary

 CFD

Decreasing Short

990,020

1.5017 GBP

25p ordinary

 CFD

Decreasing Short

990,172

29.4195 ZAR

25p ordinary

 SWAP

Increasing Long

531

29.7700 ZAR

25p ordinary

 SWAP

Increasing Long

3,593

1.5054 GBP

25p ordinary

 SWAP

Increasing Long

4,290

29.2300 ZAR

25p ordinary

 SWAP

Increasing Long

10,654

29.2325 ZAR

25p ordinary

 SWAP

Increasing Long

14,477

1.5049 GBP

25p ordinary

 SWAP

Increasing Long

16,045

1.4969 GBP

25p ordinary

 SWAP

Increasing Long

23,839

1.5038 GBP

25p ordinary

 SWAP

Increasing Long

55,535

1.5454 GBP

25p ordinary

 SWAP

Increasing Long

133,122

1.5379 GBP

25p ordinary

 SWAP

Increasing Short

200

1.4859 GBP

25p ordinary

 SWAP

Increasing Short

400

1.4915 GBP

25p ordinary

 SWAP

Increasing Short

531

29.7700 ZAR

25p ordinary

 SWAP

Increasing Short

1,541

1.5078 GBP

25p ordinary

 SWAP

Increasing Short

2,432

1.5079 GBP

25p ordinary

 SWAP

Increasing Short

4,290

29.2300 ZAR

25p ordinary

 SWAP

Increasing Short

10,654

29.2325 ZAR

25p ordinary

 SWAP

Increasing Short

14,500

1.5011 GBP

25p ordinary

 SWAP

Increasing Short

23,839

1.5038 GBP

25p ordinary

 CFD

Opening Long

1,004

29.2300 ZAR

25p ordinary

 CFD

Opening Long

1,004

29.2300 ZAR

25p ordinary

 CFD

Opening Long

3,120

29.4571 ZAR

25p ordinary

 CFD

Opening Long

4,028

29.2439 ZAR

25p ordinary

 CFD

Opening Long

13,160

29.3433 ZAR

25p ordinary

 CFD

Opening Long

18,400

1.5210 GBP

25p ordinary

 CFD

Opening Long

18,552

29.8178 ZAR

25p ordinary

 CFD

Opening Long

517,424

1.4973 GBP

25p ordinary

 CFD

Opening Long

990,020

1.5017 GBP

25p ordinary

 CFD

Opening Long

990,172

29.4195 ZAR

25p ordinary

 CFD

Opening Short

1,004

29.2300 ZAR

25p ordinary

 CFD

Opening Short

1,004

29.2300 ZAR

25p ordinary

 CFD

Opening Short

3,120

29.4571 ZAR

25p ordinary

 CFD

Opening Short

4,028

29.2439 ZAR

25p ordinary

 CFD

Opening Short

13,160

29.3433 ZAR

25p ordinary

 CFD

Opening Short

18,400

1.5210 GBP

25p ordinary

 CFD

Opening Short

18,552

29.8178 ZAR

25p ordinary

 CFD

Opening Short

517,424

1.4973 GBP

25p ordinary

 CFD

Opening Short

990,020

1.5017 GBP

25p ordinary

 CFD

Opening Short

990,172

29.4195 ZAR

25p ordinary

 SWAP

Opening Long

116,853

1.4970 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:

14 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213