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:

24 November 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:

10,043,145

1.18%

5,883,137

0.69%

(2)

Cash-settled derivatives:

5,855,293

0.69%

9,148,618

1.07%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,898,438

1.87%

15,031,755

1.77%

(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

232,982

1.0868 GBP

1.061 GBP

25p ordinary

Sale

238,801

1.0920 GBP

1.069 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

1

1.0960 GBP

25p ordinary

 SWAP

Decreasing Long

40

1.0850 GBP

25p ordinary

 SWAP

Decreasing Long

63

1.0708 GBP

25p ordinary

 SWAP

Decreasing Long

63

1.0740 GBP

25p ordinary

 CFD

Decreasing Long

68

1.0729 GBP

25p ordinary

 SWAP

Decreasing Long

791

21.9789 ZAR

25p ordinary

 SWAP

Decreasing Long

1,057

22.1700 ZAR

25p ordinary

 SWAP

Decreasing Long

2,942

1.0829 GBP

25p ordinary

 CFD

Decreasing Long

3,164

21.9850 ZAR

25p ordinary

 SWAP

Decreasing Long

3,966

1.0761 GBP

25p ordinary

 CFD

Decreasing Long

4,228

22.1639 ZAR

25p ordinary

 SWAP

Decreasing Long

6,661

1.0856 GBP

25p ordinary

 SWAP

Decreasing Long

6,853

1.0821 GBP

25p ordinary

 SWAP

Decreasing Long

7,890

1.0799 GBP

25p ordinary

 SWAP

Decreasing Long

8,108

1.0806 GBP

25p ordinary

 SWAP

Decreasing Long

8,296

1.0798 GBP

25p ordinary

 SWAP

Decreasing Long

8,669

22.1391 ZAR

25p ordinary

 SWAP

Decreasing Long

9,751

1.0785 GBP

25p ordinary

 SWAP

Decreasing Long

13,118

22.3820 ZAR

25p ordinary

 CFD

Decreasing Long

13,660

1.0860 GBP

25p ordinary

 SWAP

Decreasing Long

15,569

1.0756 GBP

25p ordinary

 SWAP

Decreasing Long

17,527

1.0826 GBP

25p ordinary

 CFD

Decreasing Long

18,488

1.0816 GBP

25p ordinary

 CFD

Decreasing Long

18,488

1.0740 GBP

25p ordinary

 SWAP

Decreasing Long

18,543

1.0844 GBP

25p ordinary

 CFD

Decreasing Long

32,656

1.0777 GBP

25p ordinary

 CFD

Decreasing Long

34,676

22.1458 ZAR

25p ordinary

 SWAP

Decreasing Long

44,879

1.0807 GBP

25p ordinary

 CFD

Decreasing Long

49,392

1.0824 GBP

25p ordinary

 SWAP

Decreasing Long

49,937

1.0786 GBP

25p ordinary

 CFD

Decreasing Long

52,472

22.3753 ZAR

25p ordinary

 CFD

Decreasing Short

68

1.0729 GBP

25p ordinary

 SWAP

Decreasing Short

140

1.0698 GBP

25p ordinary

 SWAP

Decreasing Short

394

1.0836 GBP

25p ordinary

 SWAP

Decreasing Short

500

1.0838 GBP

25p ordinary

 SWAP

Decreasing Short

2,036

1.0837 GBP

25p ordinary

 SWAP

Decreasing Short

2,826

1.0832 GBP

25p ordinary

 CFD

Decreasing Short

3,164

21.9850 ZAR

25p ordinary

 CFD

Decreasing Short

4,228

22.1639 ZAR

25p ordinary

 SWAP

Decreasing Short

4,840

1.0816 GBP

25p ordinary

 SWAP

Decreasing Short

6,958

1.0739 GBP

25p ordinary

 SWAP

Decreasing Short

8,296

1.0798 GBP

25p ordinary

 CFD

Decreasing Short

13,660

1.0860 GBP

25p ordinary

 CFD

Decreasing Short

18,488

1.0816 GBP

25p ordinary

 CFD

Decreasing Short

18,488

1.0740 GBP

25p ordinary

 CFD

Decreasing Short

32,656

1.0777 GBP

25p ordinary

 CFD

Decreasing Short

34,676

22.1458 ZAR

25p ordinary

 CFD

Decreasing Short

49,392

1.0824 GBP

25p ordinary

 CFD

Decreasing Short

52,472

22.3753 ZAR

25p ordinary

 SWAP

Increasing Short

1,186

1.0700 GBP

25p ordinary

 SWAP

Increasing Short

1,266

1.0854 GBP

25p ordinary

 SWAP

Increasing Short

3,000

1.0868 GBP

25p ordinary

 SWAP

Increasing Short

12,509

1.0826 GBP

25p ordinary

 CFD

Opening Long

68

1.0729 GBP

25p ordinary

 CFD

Opening Long

3,164

21.9850 ZAR

25p ordinary

 CFD

Opening Long

4,228

22.1639 ZAR

25p ordinary

 CFD

Opening Long

13,660

1.0860 GBP

25p ordinary

 CFD

Opening Long

18,488

1.0816 GBP

25p ordinary

 CFD

Opening Long

18,488

1.0740 GBP

25p ordinary

 CFD

Opening Long

32,656

1.0777 GBP

25p ordinary

 CFD

Opening Long

34,676

22.1458 ZAR

25p ordinary

 CFD

Opening Long

49,392

1.0824 GBP

25p ordinary

 CFD

Opening Long

52,472

22.3753 ZAR

25p ordinary

 CFD

Opening Short

68

1.0729 GBP

25p ordinary

 CFD

Opening Short

3,164

21.9850 ZAR

25p ordinary

 CFD

Opening Short

4,228

22.1639 ZAR

25p ordinary

 CFD

Opening Short

13,660

1.0860 GBP

25p ordinary

 CFD

Opening Short

18,488

1.0816 GBP

25p ordinary

 CFD

Opening Short

18,488

1.0740 GBP

25p ordinary

 SWAP

Opening Short

29,250

1.0701 GBP

25p ordinary

 CFD

Opening Short

32,656

1.0777 GBP

25p ordinary

 CFD

Opening Short

34,676

22.1458 ZAR

25p ordinary

 CFD

Opening Short

49,392

1.0824 GBP

25p ordinary

 CFD

Opening Short

52,472

22.3753 ZAR

25p ordinary

 SWAP

Increasing Long

29,250

1.0839 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:

25 Nov 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213