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:

22 June 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:

5,208,648

0.61%

7,223,211

0.85%

(2)

Cash-settled derivatives:

14,336,276

1.68%

3,704,545

0.44%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

19,544,924

2.30%

10,927,756

1.28%

(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

997,947

1.4990 GBP

1.466 GBP

25p ordinary

Sale

1,449,201

1.4990 GBP

1.466 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

489

29.0870 ZAR

25p ordinary

 SWAP

Decreasing Long

1,174

28.9983 ZAR

25p ordinary

 SWAP

Decreasing Long

4,528

1.4734 GBP

25p ordinary

 SWAP

Decreasing Long

26,216

1.4773 GBP

25p ordinary

 SWAP

Decreasing Long

41,061

1.4850 GBP

25p ordinary

 SWAP

Decreasing Short

489

29.0870 ZAR

25p ordinary

 SWAP

Decreasing Short

1,174

28.9983 ZAR

25p ordinary

 SWAP

Increasing Long

295

1.4990 GBP

25p ordinary

 CFD

Increasing Long

3,060

28.9815 ZAR

25p ordinary

 SWAP

Increasing Long

5,529

1.4723 GBP

25p ordinary

 SWAP

Increasing Long

5,539

1.4685 GBP

25p ordinary

 SWAP

Increasing Long

5,560

1.4841 GBP

25p ordinary

 CFD

Increasing Long

5,640

1.4990 GBP

25p ordinary

 SWAP

Increasing Long

7,062

1.4729 GBP

25p ordinary

 SWAP

Increasing Long

11,178

1.4707 GBP

25p ordinary

 SWAP

Increasing Long

11,638

28.9866 ZAR

25p ordinary

 SWAP

Increasing Long

11,952

1.4779 GBP

25p ordinary

 SWAP

Increasing Long

12,557

1.4804 GBP

25p ordinary

 SWAP

Increasing Long

13,197

1.4693 GBP

25p ordinary

 CFD

Increasing Long

13,260

28.7901 ZAR

25p ordinary

 SWAP

Increasing Long

15,150

1.4761 GBP

25p ordinary

 SWAP

Increasing Long

21,911

1.4774 GBP

25p ordinary

 SWAP

Increasing Long

23,803

1.4826 GBP

25p ordinary

 CFD

Increasing Long

25,304

28.7498 ZAR

25p ordinary

 SWAP

Increasing Long

30,059

1.4755 GBP

25p ordinary

 CFD

Increasing Long

30,556

1.4851 GBP

25p ordinary

 CFD

Increasing Long

33,928

1.4741 GBP

25p ordinary

 CFD

Increasing Long

37,084

1.4836 GBP

25p ordinary

 CFD

Increasing Long

37,404

1.4850 GBP

25p ordinary

 SWAP

Increasing Long

37,869

28.7636 ZAR

25p ordinary

 SWAP

Increasing Long

41,061

1.4850 GBP

25p ordinary

 SWAP

Increasing Long

46,453

1.4741 GBP

25p ordinary

 CFD

Increasing Long

46,552

28.9779 ZAR

25p ordinary

 CFD

Increasing Long

58,408

1.4988 GBP

25p ordinary

 CFD

Increasing Long

61,780

28.8780 ZAR

25p ordinary

 SWAP

Increasing Long

65,369

1.4836 GBP

25p ordinary

 SWAP

Increasing Long

96,706

1.4766 GBP

25p ordinary

 CFD

Increasing Long

141,824

1.4715 GBP

25p ordinary

 CFD

Increasing Long

151,476

28.7722 ZAR

25p ordinary

 SWAP

Increasing Long

1,045,159

1.4765 GBP

25p ordinary

 SWAP

Increasing Short

200

1.4869 GBP

25p ordinary

 SWAP

Increasing Short

2,643

1.4849 GBP

25p ordinary

 CFD

Increasing Short

3,060

28.9815 ZAR

25p ordinary

 CFD

Increasing Short

5,640

1.4990 GBP

25p ordinary

 SWAP

Increasing Short

6,550

1.4783 GBP

25p ordinary

 CFD

Increasing Short

13,260

28.7901 ZAR

25p ordinary

 CFD

Increasing Short

25,304

28.7498 ZAR

25p ordinary

 CFD

Increasing Short

30,556

1.4851 GBP

25p ordinary

 CFD

Increasing Short

33,928

1.4741 GBP

25p ordinary

 CFD

Increasing Short

37,084

1.4836 GBP

25p ordinary

 CFD

Increasing Short

37,404

1.4850 GBP

25p ordinary

 CFD

Increasing Short

46,552

28.9779 ZAR

25p ordinary

 CFD

Increasing Short

58,408

1.4988 GBP

25p ordinary

 CFD

Increasing Short

61,780

28.8780 ZAR

25p ordinary

 CFD

Increasing Short

141,824

1.4715 GBP

25p ordinary

 SWAP

Increasing Short

150,932

1.4821 GBP

25p ordinary

 CFD

Increasing Short

151,476

28.7722 ZAR

25p ordinary

 SWAP

Increasing Short

152,331

1.4687 GBP

25p ordinary

 SWAP

Increasing Short

350,000

1.4875 GBP

25p ordinary

 CFD

Opening Long

3,060

28.9815 ZAR

25p ordinary

 CFD

Opening Long

5,640

1.4990 GBP

25p ordinary

 CFD

Opening Long

13,260

28.7901 ZAR

25p ordinary

 CFD

Opening Long

25,304

28.7498 ZAR

25p ordinary

 CFD

Opening Long

30,556

1.4851 GBP

25p ordinary

 CFD

Opening Long

33,928

1.4741 GBP

25p ordinary

 CFD

Opening Long

37,084

1.4836 GBP

25p ordinary

 CFD

Opening Long

37,404

1.4850 GBP

25p ordinary

 CFD

Opening Long

46,552

28.9779 ZAR

25p ordinary

 CFD

Opening Long

58,408

1.4988 GBP

25p ordinary

 CFD

Opening Long

61,780

28.8780 ZAR

25p ordinary

 CFD

Opening Long

141,824

1.4715 GBP

25p ordinary

 CFD

Opening Long

151,476

28.7722 ZAR

25p ordinary

 CFD

Opening Short

3,060

28.9815 ZAR

25p ordinary

 CFD

Opening Short

5,640

1.4990 GBP

25p ordinary

 CFD

Opening Short

13,260

28.7901 ZAR

25p ordinary

 CFD

Opening Short

25,304

28.7498 ZAR

25p ordinary

 CFD

Opening Short

30,556

1.4851 GBP

25p ordinary

 CFD

Opening Short

33,928

1.4741 GBP

25p ordinary

 CFD

Opening Short

37,084

1.4836 GBP

25p ordinary

 CFD

Opening Short

37,404

1.4850 GBP

25p ordinary

 CFD

Opening Short

46,552

28.9779 ZAR

25p ordinary

 CFD

Opening Short

58,408

1.4988 GBP

25p ordinary

 CFD

Opening Short

61,780

28.8780 ZAR

25p ordinary

 CFD

Opening Short

141,824

1.4715 GBP

25p ordinary

 CFD

Opening Short

151,476

28.7722 ZAR

25p ordinary

 SWAP

Opening Long

1,045,159

1.4765 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:

23 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213