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

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:

18 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:

9,653,429

1.13%

5,334,528

0.63%

(2)

Cash-settled derivatives:

5,076,471

0.60%

8,965,401

1.05%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

14,729,900

1.73%

14,299,929

1.68%

(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

269,143

1.0320 GBP

1.016 GBP

25p ordinary

Sale

259,884

1.0281 GBP

1.015 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

460

20.9889 ZAR

25p ordinary

 CFD

Decreasing Long

3,164

20.9651 ZAR

25p ordinary

 CFD

Decreasing Long

5,092

21.0840 ZAR

25p ordinary

 CFD

Decreasing Long

15,280

1.0241 GBP

25p ordinary

 CFD

Decreasing Long

23,392

1.0266 GBP

25p ordinary

 CFD

Decreasing Long

47,968

1.0229 GBP

25p ordinary

 CFD

Decreasing Long

140,904

1.0230 GBP

25p ordinary

 CFD

Decreasing Long

149,520

1.0283 GBP

25p ordinary

 CFD

Decreasing Long

153,896

21.0400 ZAR

25p ordinary

 CFD

Decreasing Long

175,804

1.0245 GBP

25p ordinary

 CFD

Decreasing Long

181,488

20.9226 ZAR

25p ordinary

 SWAP

Decreasing Short

290

20.8400 ZAR

25p ordinary

 SWAP

Decreasing Short

750

1.0311 GBP

25p ordinary

 SWAP

Decreasing Short

1,250

1.0148 GBP

25p ordinary

 SWAP

Decreasing Short

6,596

21.0784 ZAR

25p ordinary

 SWAP

Increasing Long

2,184

1.0190 GBP

25p ordinary

 SWAP

Increasing Long

6,596

21.0784 ZAR

25p ordinary

 SWAP

Increasing Long

18,383

1.0274 GBP

25p ordinary

 SWAP

Increasing Long

38,474

21.0463 ZAR

25p ordinary

 SWAP

Increasing Long

45,372

20.9163 ZAR

25p ordinary

 SWAP

Increasing Long

62,966

1.0246 GBP

25p ordinary

 SWAP

Increasing Long

117,501

1.0244 GBP

25p ordinary

 CFD

Increasing Short

460

20.9889 ZAR

25p ordinary

 SWAP

Increasing Short

1,401

1.0233 GBP

25p ordinary

 CFD

Increasing Short

3,164

20.9651 ZAR

25p ordinary

 SWAP

Increasing Short

4,553

1.0259 GBP

25p ordinary

 CFD

Increasing Short

5,092

21.0840 ZAR

25p ordinary

 CFD

Increasing Short

15,280

1.0241 GBP

25p ordinary

 CFD

Increasing Short

23,392

1.0266 GBP

25p ordinary

 SWAP

Increasing Short

28,091

1.0268 GBP

25p ordinary

 CFD

Increasing Short

47,968

1.0229 GBP

25p ordinary

 CFD

Increasing Short

140,904

1.0230 GBP

25p ordinary

 CFD

Increasing Short

149,520

1.0283 GBP

25p ordinary

 CFD

Increasing Short

153,896

21.0400 ZAR

25p ordinary

 CFD

Increasing Short

175,804

1.0245 GBP

25p ordinary

 CFD

Increasing Short

181,488

20.9226 ZAR

25p ordinary

 CFD

Opening Long

460

20.9889 ZAR

25p ordinary

 CFD

Opening Long

3,164

20.9651 ZAR

25p ordinary

 CFD

Opening Long

5,092

21.0840 ZAR

25p ordinary

 CFD

Opening Long

15,280

1.0241 GBP

25p ordinary

 CFD

Opening Long

23,392

1.0266 GBP

25p ordinary

 CFD

Opening Long

47,968

1.0229 GBP

25p ordinary

 CFD

Opening Long

140,904

1.0230 GBP

25p ordinary

 CFD

Opening Long

149,520

1.0283 GBP

25p ordinary

 CFD

Opening Long

153,896

21.0400 ZAR

25p ordinary

 CFD

Opening Long

175,804

1.0245 GBP

25p ordinary

 CFD

Opening Long

181,488

20.9226 ZAR

25p ordinary

 SWAP

Opening Short

290

20.8400 ZAR

25p ordinary

 CFD

Opening Short

460

20.9889 ZAR

25p ordinary

 CFD

Opening Short

3,164

20.9651 ZAR

25p ordinary

 CFD

Opening Short

5,092

21.0840 ZAR

25p ordinary

 CFD

Opening Short

15,280

1.0241 GBP

25p ordinary

 CFD

Opening Short

23,392

1.0266 GBP

25p ordinary

 SWAP

Opening Short

24,599

1.0258 GBP

25p ordinary

 CFD

Opening Short

47,968

1.0229 GBP

25p ordinary

 CFD

Opening Short

140,904

1.0230 GBP

25p ordinary

 CFD

Opening Short

149,520

1.0283 GBP

25p ordinary

 CFD

Opening Short

153,896

21.0400 ZAR

25p ordinary

 CFD

Opening Short

175,804

1.0245 GBP

25p ordinary

 CFD

Opening Short

181,488

20.9226 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:

19 Oct 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213