Form 8.5 (EPT/NON-RI) Shaftesbury plc

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

SHAFTESBURY 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:

09 May 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?

CAPITAL & COUNTIES PROPERTIES 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:

0

0.00%

0

0.00%

(2)

Cash-settled derivatives:

7,173,893

1.87%

82,700

0.02%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,173,893

1.87%

82,700

0.02%

Class of relevant security:

Convertible Bond XS2262952679

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

2,500,000

0.65%

0

0.00%

(2)

Cash-settled derivatives:

0

0.00%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,500,000

0.65%

0

0.00%

(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

Number of

Price per unit

security

securities

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

25p ordinary

 SWAP

Opening Long

4

5.6499 GBP

25p ordinary

 SWAP

Opening Long

557

5.6133 GBP

25p ordinary

 SWAP

Opening Long

954

5.6117 GBP

25p ordinary

 SWAP

Opening Long

1,007

5.6427 GBP

25p ordinary

 SWAP

Opening Long

1,296

5.5443 GBP

25p ordinary

 SWAP

Opening Long

2,042

5.6138 GBP

25p ordinary

 CFD

Opening Long

4,472

5.6021 GBP

25p ordinary

 SWAP

Opening Long

4,484

5.5854 GBP

25p ordinary

 SWAP

Opening Long

4,748

5.6011 GBP

25p ordinary

 SWAP

Opening Long

5,852

5.5731 GBP

25p ordinary

 SWAP

Opening Long

9,806

5.5934 GBP

25p ordinary

 SWAP

Opening Short

166

5.6154 GBP

25p ordinary

 SWAP

Opening Short

380

5.5736 GBP

25p ordinary

 SWAP

Opening Short

578

5.6058 GBP

25p ordinary

 SWAP

Opening Short

3,066

5.5678 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:

10 May 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213