Form8.5(EPT/NON-RI)CAPITAL&COUNTIES PROPERTIES 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:

27 January 2023

(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:

9,428,293

1.11%

7,363,283

0.86%

(2)

Cash-settled derivatives:

7,511,164

0.88%

8,060,004

0.95%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,939,457

1.99%

15,423,287

1.81%

(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

57,754

1.1500 GBP

1.1298 GBP

25p ordinary

Sale

124,006

1.1501 GBP

1.1263 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

4,164

24.0086 ZAR

25p ordinary

 SWAP

Decreasing Short

800

1.1392 GBP

25p ordinary

 SWAP

Decreasing Short

4,000

1.1352 GBP

25p ordinary

 SWAP

Decreasing Short

4,601

1.1414 GBP

25p ordinary

 SWAP

Decreasing Short

27,000

1.1368 GBP

25p ordinary

 SWAP

Increasing Long

108

1.1500 GBP

25p ordinary

 SWAP

Increasing Long

136

1.1500 GBP

25p ordinary

 SWAP

Increasing Long

428

23.5600 ZAR

25p ordinary

 CFD

Increasing Long

884

23.8604 ZAR

25p ordinary

 SWAP

Increasing Long

904

1.1430 GBP

25p ordinary

 CFD

Increasing Long

1,364

1.1358 GBP

25p ordinary

 CFD

Increasing Long

1,364

1.1500 GBP

25p ordinary

 CFD

Increasing Long

1,712

23.5694 ZAR

25p ordinary

 CFD

Increasing Long

2,704

24.2123 ZAR

25p ordinary

 SWAP

Increasing Long

4,219

1.1485 GBP

25p ordinary

 SWAP

Increasing Long

5,690

1.1490 GBP

25p ordinary

 SWAP

Increasing Long

6,304

1.1297 GBP

25p ordinary

 SWAP

Increasing Long

8,535

24.0826 ZAR

25p ordinary

 CFD

Increasing Long

16,000

1.1300 GBP

25p ordinary

 CFD

Increasing Long

16,656

24.0014 ZAR

25p ordinary

 CFD

Increasing Long

34,140

24.0892 ZAR

25p ordinary

 CFD

Increasing Long

75,612

1.1315 GBP

25p ordinary

 CFD

Increasing Long

111,724

1.1499 GBP

25p ordinary

 CFD

Increasing Short

884

23.8604 ZAR

25p ordinary

 CFD

Increasing Short

1,364

1.1358 GBP

25p ordinary

 CFD

Increasing Short

1,364

1.1500 GBP

25p ordinary

 CFD

Increasing Short

1,712

23.5694 ZAR

25p ordinary

 CFD

Increasing Short

2,704

24.2123 ZAR

25p ordinary

 CFD

Increasing Short

16,000

1.1300 GBP

25p ordinary

 CFD

Increasing Short

16,656

24.0014 ZAR

25p ordinary

 CFD

Increasing Short

34,140

24.0892 ZAR

25p ordinary

 CFD

Increasing Short

75,612

1.1315 GBP

25p ordinary

 CFD

Increasing Short

111,724

1.1499 GBP

25p ordinary

 CFD

Opening Long

884

23.8604 ZAR

25p ordinary

 CFD

Opening Long

1,364

1.1358 GBP

25p ordinary

 CFD

Opening Long

1,364

1.1500 GBP

25p ordinary

 CFD

Opening Long

1,712

23.5694 ZAR

25p ordinary

 CFD

Opening Long

2,704

24.2123 ZAR

25p ordinary

 CFD

Opening Long

16,000

1.1300 GBP

25p ordinary

 CFD

Opening Long

16,656

24.0014 ZAR

25p ordinary

 CFD

Opening Long

34,140

24.0892 ZAR

25p ordinary

 CFD

Opening Long

75,612

1.1315 GBP

25p ordinary

 CFD

Opening Long

111,724

1.1499 GBP

25p ordinary

 CFD

Opening Short

884

23.8604 ZAR

25p ordinary

 CFD

Opening Short

1,364

1.1358 GBP

25p ordinary

 CFD

Opening Short

1,364

1.1500 GBP

25p ordinary

 CFD

Opening Short

1,712

23.5694 ZAR

25p ordinary

 CFD

Opening Short

2,704

24.2123 ZAR

25p ordinary

 CFD

Opening Short

16,000

1.1300 GBP

25p ordinary

 CFD

Opening Short

16,656

24.0014 ZAR

25p ordinary

 CFD

Opening Short

34,140

24.0892 ZAR

25p ordinary

 CFD

Opening Short

75,612

1.1315 GBP

25p ordinary

 CFD

Opening Short

111,724

1.1499 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:

30 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213