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

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:

14 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:

9,240,894

1.09%

4,896,592

0.58%

(2)

Cash-settled derivatives:

4,544,670

0.53%

8,557,028

1.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

13,785,564

1.62%

13,453,620

1.58%

(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

1,103,959

0.9850 GBP

0.958 GBP

25p ordinary

Sale

262,667

0.9850 GBP

0.9671 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

25p ordinary

 SWAP

Decreasing Long

4,926

19.6945 ZAR

25p ordinary

 CFD

Decreasing Long

7,100

19.8420 ZAR

25p ordinary

 SWAP

Decreasing Long

9,320

19.8795 ZAR

25p ordinary

 CFD

Decreasing Long

17,196

0.9673 GBP

25p ordinary

 CFD

Decreasing Long

19,704

19.7004 ZAR

25p ordinary

 CFD

Decreasing Long

34,928

19.9802 ZAR

25p ordinary

 SWAP

Decreasing Long

46,285

0.9738 GBP

25p ordinary

 CFD

Decreasing Long

49,060

0.9739 GBP

25p ordinary

 SWAP

Decreasing Long

78,163

0.9747 GBP

25p ordinary

 CFD

Decreasing Long

83,380

0.9745 GBP

25p ordinary

 SWAP

Decreasing Long

85,658

0.9700 GBP

25p ordinary

 SWAP

Decreasing Long

86,789

0.9721 GBP

25p ordinary

 SWAP

Decreasing Long

88,562

0.9714 GBP

25p ordinary

 CFD

Decreasing Long

113,440

19.9463 ZAR

25p ordinary

 CFD

Decreasing Long

161,984

0.9700 GBP

25p ordinary

 SWAP

Decreasing Long

495,409

19.9110 ZAR

25p ordinary

 CFD

Decreasing Long

1,979,820

0.9730 GBP

25p ordinary

 CFD

Decreasing Long

1,981,636

19.9050 ZAR

25p ordinary

 CFD

Decreasing Short

7,100

19.8420 ZAR

25p ordinary

 CFD

Decreasing Short

17,196

0.9673 GBP

25p ordinary

 CFD

Decreasing Short

19,704

19.7004 ZAR

25p ordinary

 CFD

Decreasing Short

34,928

19.9802 ZAR

25p ordinary

 CFD

Decreasing Short

49,060

0.9739 GBP

25p ordinary

 CFD

Decreasing Short

83,380

0.9745 GBP

25p ordinary

 CFD

Decreasing Short

113,440

19.9463 ZAR

25p ordinary

 CFD

Decreasing Short

161,984

0.9700 GBP

25p ordinary

 CFD

Decreasing Short

1,979,820

0.9730 GBP

25p ordinary

 CFD

Decreasing Short

1,981,636

19.9050 ZAR

25p ordinary

 SWAP

Increasing Long

222

19.9400 ZAR

25p ordinary

 SWAP

Increasing Short

222

19.9400 ZAR

25p ordinary

 SWAP

Increasing Short

2,363

0.9729 GBP

25p ordinary

 SWAP

Increasing Short

9,320

19.8795 ZAR

25p ordinary

 SWAP

Increasing Short

36,300

0.9783 GBP

25p ordinary

 SWAP

Increasing Short

37,050

0.9755 GBP

25p ordinary

 SWAP

Increasing Short

74,000

0.9756 GBP

25p ordinary

 SWAP

Increasing Short

146,647

0.9719 GBP

25p ordinary

 CFD

Opening Long

7,100

19.8420 ZAR

25p ordinary

 CFD

Opening Long

17,196

0.9673 GBP

25p ordinary

 CFD

Opening Long

19,704

19.7004 ZAR

25p ordinary

 CFD

Opening Long

34,928

19.9802 ZAR

25p ordinary

 CFD

Opening Long

49,060

0.9739 GBP

25p ordinary

 CFD

Opening Long

83,380

0.9745 GBP

25p ordinary

 CFD

Opening Long

113,440

19.9463 ZAR

25p ordinary

 CFD

Opening Long

161,984

0.9700 GBP

25p ordinary

 CFD

Opening Long

1,979,820

0.9730 GBP

25p ordinary

 CFD

Opening Long

1,981,636

19.9050 ZAR

25p ordinary

 CFD

Opening Short

7,100

19.8420 ZAR

25p ordinary

 CFD

Opening Short

17,196

0.9673 GBP

25p ordinary

 CFD

Opening Short

19,704

19.7004 ZAR

25p ordinary

 SWAP

Opening Short

19,985

0.9711 GBP

25p ordinary

 CFD

Opening Short

34,928

19.9802 ZAR

25p ordinary

 CFD

Opening Short

49,060

0.9739 GBP

25p ordinary

 CFD

Opening Short

83,380

0.9745 GBP

25p ordinary

 CFD

Opening Short

113,440

19.9463 ZAR

25p ordinary

 CFD

Opening Short

161,984

0.9700 GBP

25p ordinary

 CFD

Opening Short

1,979,820

0.9730 GBP

25p ordinary

 CFD

Opening Short

1,981,636

19.9050 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:

17 Oct 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213