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:

23 August 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:

7,811,493

0.92%

2,919,351

0.34%

(2)

Cash-settled derivatives:

3,094,815

0.36%

7,182,061

0.84%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

10,906,308

1.28%

10,101,412

1.19%

(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

600,541

1.2955 GBP

1.261 GBP

25p ordinary

Sale

371,257

1.3020 GBP

1.261 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

4,678

25.9385 ZAR

25p ordinary

 SWAP

Decreasing Long

6,000

1.2955 GBP

25p ordinary

 SWAP

Decreasing Long

9,798

25.7351 ZAR

25p ordinary

 SWAP

Decreasing Long

52,990

25.9384 ZAR

25p ordinary

 SWAP

Decreasing Long

322,637

25.9622 ZAR

25p ordinary

 CFD

Decreasing Short

3

1.2666 GBP

25p ordinary

 CFD

Decreasing Short

11

1.2936 GBP

25p ordinary

 CFD

Decreasing Short

22

1.2659 GBP

25p ordinary

 CFD

Decreasing Short

35

1.2791 GBP

25p ordinary

 SWAP

Decreasing Short

750

1.2888 GBP

25p ordinary

 SWAP

Decreasing Short

4,936

25.9543 ZAR

25p ordinary

 CFD

Decreasing Short

5,932

25.8668 ZAR

25p ordinary

 CFD

Decreasing Short

7,202

1.2820 GBP

25p ordinary

 CFD

Decreasing Short

8,585

1.2845 GBP

25p ordinary

 CFD

Decreasing Short

9,798

25.7428 ZAR

25p ordinary

 SWAP

Decreasing Short

10,973

25.9644 ZAR

25p ordinary

 CFD

Decreasing Short

44,371

1.2658 GBP

25p ordinary

 CFD

Decreasing Short

320,037

1.2902 GBP

25p ordinary

 CFD

Decreasing Short

322,637

25.9544 ZAR

25p ordinary

 SWAP

Increasing Long

1,332

1.2860 GBP

25p ordinary

 SWAP

Increasing Long

1,462

1.2809 GBP

25p ordinary

 SWAP

Increasing Long

2,713

1.2770 GBP

25p ordinary

 SWAP

Increasing Long

2,839

1.2805 GBP

25p ordinary

 SWAP

Increasing Long

3,163

1.2744 GBP

25p ordinary

 SWAP

Increasing Long

3,810

1.2836 GBP

25p ordinary

 SWAP

Increasing Long

8,097

1.2813 GBP

25p ordinary

 SWAP

Increasing Long

8,256

1.2849 GBP

25p ordinary

 SWAP

Increasing Long

13,740

1.2909 GBP

25p ordinary

 SWAP

Increasing Long

13,960

1.2768 GBP

25p ordinary

 SWAP

Increasing Long

15,004

1.2862 GBP

25p ordinary

 SWAP

Increasing Long

33,468

1.2793 GBP

25p ordinary

 SWAP

Increasing Long

74,517

1.2773 GBP

25p ordinary

 SWAP

Increasing Long

82,787

1.2873 GBP

25p ordinary

 SWAP

Increasing Long

98,077

1.2769 GBP

25p ordinary

 SWAP

Increasing Short

400

1.2844 GBP

25p ordinary

 SWAP

Increasing Short

4,678

25.9385 ZAR

25p ordinary

 SWAP

Increasing Short

6,173

1.2949 GBP

25p ordinary

 SWAP

Increasing Short

6,445

1.2622 GBP

25p ordinary

 SWAP

Increasing Short

52,990

25.9384 ZAR

25p ordinary

 SWAP

Opening Short

4,936

25.9543 ZAR

25p ordinary

 SWAP

Opening Short

10,973

25.9644 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:

24 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213