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

12 December 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:

10,976,391

1.29%

7,131,325

0.84%

(2)

Cash-settled derivatives:

7,358,778

0.86%

10,046,822

1.18%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,335,169

2.15%

17,178,147

2.02%

(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

499,343

1.0120 GBP

0.9942 GBP

25p ordinary

Sale

806,187

1.0120 GBP

0.995 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 Short

1,167

21.2548 ZAR

25p ordinary

 SWAP

Decreasing Short

18,455

0.9983 GBP

25p ordinary

 SWAP

Decreasing Short

31,068

1.0120 GBP

25p ordinary

 SWAP

Decreasing Short

34,533

0.9955 GBP

25p ordinary

 SWAP

Increasing Long

3

1.0070 GBP

25p ordinary

 SWAP

Increasing Long

49

1.0120 GBP

25p ordinary

 CFD

Increasing Long

440

21.1815 ZAR

25p ordinary

 SWAP

Increasing Long

897

21.4722 ZAR

25p ordinary

 SWAP

Increasing Long

1,167

21.2548 ZAR

25p ordinary

 SWAP

Increasing Long

2,410

21.3900 ZAR

25p ordinary

 CFD

Increasing Long

3,588

21.4663 ZAR

25p ordinary

 CFD

Increasing Long

4,588

0.9960 GBP

25p ordinary

 CFD

Increasing Long

4,588

1.0119 GBP

25p ordinary

 SWAP

Increasing Long

5,027

0.9945 GBP

25p ordinary

 SWAP

Increasing Long

5,213

21.3767 ZAR

25p ordinary

 CFD

Increasing Long

9,640

21.3958 ZAR

25p ordinary

 CFD

Increasing Long

20,852

21.3703 ZAR

25p ordinary

 CFD

Increasing Long

20,852

0.9975 GBP

25p ordinary

 SWAP

Increasing Long

31,068

1.0120 GBP

25p ordinary

 CFD

Increasing Long

34,316

1.0011 GBP

25p ordinary

 CFD

Increasing Long

42,988

1.0119 GBP

25p ordinary

 SWAP

Increasing Long

60,909

0.9988 GBP

25p ordinary

 SWAP

Increasing Long

71,272

1.0073 GBP

25p ordinary

 SWAP

Increasing Long

173,222

0.9966 GBP

25p ordinary

 SWAP

Increasing Long

208,909

21.3309 ZAR

25p ordinary

 CFD

Increasing Long

254,304

1.0034 GBP

25p ordinary

 CFD

Increasing Long

835,636

0.9969 GBP

25p ordinary

 CFD

Increasing Long

835,636

21.3373 ZAR

25p ordinary

 SWAP

Increasing Short

240

0.9994 GBP

25p ordinary

 SWAP

Increasing Short

370

1.0119 GBP

25p ordinary

 CFD

Increasing Short

440

21.1815 ZAR

25p ordinary

 SWAP

Increasing Short

1,250

0.9939 GBP

25p ordinary

 SWAP

Increasing Short

2,436

0.9984 GBP

25p ordinary

 SWAP

Increasing Short

2,500

1.0001 GBP

25p ordinary

 CFD

Increasing Short

3,588

21.4663 ZAR

25p ordinary

 CFD

Increasing Short

4,588

0.9960 GBP

25p ordinary

 CFD

Increasing Short

4,588

1.0119 GBP

25p ordinary

 CFD

Increasing Short

9,640

21.3958 ZAR

25p ordinary

 SWAP

Increasing Short

12,523

1.0030 GBP

25p ordinary

 SWAP

Increasing Short

14,000

1.0012 GBP

25p ordinary

 CFD

Increasing Short

20,852

21.3703 ZAR

25p ordinary

 CFD

Increasing Short

20,852

0.9975 GBP

25p ordinary

 SWAP

Increasing Short

31,497

0.9949 GBP

25p ordinary

 CFD

Increasing Short

34,316

1.0011 GBP

25p ordinary

 CFD

Increasing Short

42,988

1.0119 GBP

25p ordinary

 CFD

Increasing Short

254,304

1.0034 GBP

25p ordinary

 CFD

Increasing Short

835,636

0.9969 GBP

25p ordinary

 CFD

Increasing Short

835,636

21.3373 ZAR

25p ordinary

 CFD

Opening Long

440

21.1815 ZAR

25p ordinary

 CFD

Opening Long

3,588

21.4663 ZAR

25p ordinary

 CFD

Opening Long

4,588

0.9960 GBP

25p ordinary

 CFD

Opening Long

4,588

1.0119 GBP

25p ordinary

 CFD

Opening Long

9,640

21.3958 ZAR

25p ordinary

 CFD

Opening Long

20,852

21.3703 ZAR

25p ordinary

 CFD

Opening Long

20,852

0.9975 GBP

25p ordinary

 CFD

Opening Long

34,316

1.0011 GBP

25p ordinary

 CFD

Opening Long

42,988

1.0119 GBP

25p ordinary

 CFD

Opening Long

254,304

1.0034 GBP

25p ordinary

 CFD

Opening Long

835,636

0.9969 GBP

25p ordinary

 CFD

Opening Long

835,636

21.3373 ZAR

25p ordinary

 CFD

Opening Short

440

21.1815 ZAR

25p ordinary

 CFD

Opening Short

3,588

21.4663 ZAR

25p ordinary

 CFD

Opening Short

4,588

0.9960 GBP

25p ordinary

 CFD

Opening Short

4,588

1.0119 GBP

25p ordinary

 CFD

Opening Short

9,640

21.3958 ZAR

25p ordinary

 CFD

Opening Short

20,852

21.3703 ZAR

25p ordinary

 CFD

Opening Short

20,852

0.9975 GBP

25p ordinary

 CFD

Opening Short

34,316

1.0011 GBP

25p ordinary

 CFD

Opening Short

42,988

1.0119 GBP

25p ordinary

 CFD

Opening Short

254,304

1.0034 GBP

25p ordinary

 CFD

Opening Short

835,636

0.9969 GBP

25p ordinary

 CFD

Opening Short

835,636

21.3373 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:

13 Dec 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213