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:

19 July 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:

7,585,118

0.89%

6,661,273

0.78%

(2)

Cash-settled derivatives:

9,655,566

1.13%

6,417,717

0.75%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,240,684

2.03%

13,078,990

1.54%

(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

242,209

1.4590 GBP

1.4487 GBP

25p ordinary

Sale

127,028

1.4591 GBP

1.4471 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

12

1.4560 GBP

25p ordinary

 SWAP

Decreasing Long

13

1.4470 GBP

25p ordinary

 SWAP

Decreasing Long

21

1.4450 GBP

25p ordinary

 SWAP

Decreasing Long

3,386

1.4535 GBP

25p ordinary

 SWAP

Decreasing Long

5,763

1.4545 GBP

25p ordinary

 SWAP

Decreasing Long

5,823

1.4489 GBP

25p ordinary

 SWAP

Decreasing Long

17,760

1.4590 GBP

25p ordinary

 SWAP

Decreasing Long

25,462

1.4521 GBP

25p ordinary

 SWAP

Decreasing Long

41,732

1.4526 GBP

25p ordinary

 SWAP

Decreasing Long

46,322

1.4523 GBP

25p ordinary

 SWAP

Decreasing Long

50,852

1.4525 GBP

25p ordinary

 SWAP

Decreasing Short

4

29.7800 ZAR

25p ordinary

 SWAP

Decreasing Short

1,463

29.6761 ZAR

25p ordinary

 CFD

Increasing Long

2,912

1.4549 GBP

25p ordinary

 SWAP

Increasing Long

4,332

29.7483 ZAR

25p ordinary

 CFD

Increasing Long

13,408

1.4529 GBP

25p ordinary

 CFD

Increasing Long

14,752

1.4574 GBP

25p ordinary

 CFD

Increasing Long

17,328

29.7394 ZAR

25p ordinary

 CFD

Increasing Long

18,920

29.7064 ZAR

25p ordinary

 CFD

Increasing Long

60,064

1.4525 GBP

25p ordinary

 SWAP

Increasing Long

68,451

29.7082 ZAR

25p ordinary

 CFD

Increasing Long

104,788

1.4588 GBP

25p ordinary

 CFD

Increasing Long

269,776

1.4517 GBP

25p ordinary

 CFD

Increasing Long

273,804

29.7171 ZAR

25p ordinary

 SWAP

Increasing Short

4

29.7800 ZAR

25p ordinary

 SWAP

Increasing Short

1,463

29.6761 ZAR

25p ordinary

 CFD

Increasing Short

2,912

1.4549 GBP

25p ordinary

 SWAP

Increasing Short

5,763

1.4545 GBP

25p ordinary

 CFD

Increasing Short

13,408

1.4529 GBP

25p ordinary

 CFD

Increasing Short

14,752

1.4574 GBP

25p ordinary

 CFD

Increasing Short

17,328

29.7394 ZAR

25p ordinary

 CFD

Increasing Short

18,920

29.7064 ZAR

25p ordinary

 SWAP

Increasing Short

23,022

1.4585 GBP

25p ordinary

 CFD

Increasing Short

60,064

1.4525 GBP

25p ordinary

 CFD

Increasing Short

104,788

1.4588 GBP

25p ordinary

 CFD

Increasing Short

269,776

1.4517 GBP

25p ordinary

 CFD

Increasing Short

273,804

29.7171 ZAR

25p ordinary

 CFD

Opening Long

2,912

1.4549 GBP

25p ordinary

 CFD

Opening Long

13,408

1.4529 GBP

25p ordinary

 CFD

Opening Long

14,752

1.4574 GBP

25p ordinary

 CFD

Opening Long

17,328

29.7394 ZAR

25p ordinary

 CFD

Opening Long

18,920

29.7064 ZAR

25p ordinary

 CFD

Opening Long

60,064

1.4525 GBP

25p ordinary

 CFD

Opening Long

104,788

1.4588 GBP

25p ordinary

 CFD

Opening Long

269,776

1.4517 GBP

25p ordinary

 CFD

Opening Long

273,804

29.7171 ZAR

25p ordinary

 SWAP

Opening Short

1,057

1.4490 GBP

25p ordinary

 CFD

Opening Short

2,912

1.4549 GBP

25p ordinary

 CFD

Opening Short

13,408

1.4529 GBP

25p ordinary

 SWAP

Opening Short

13,687

1.4559 GBP

25p ordinary

 CFD

Opening Short

14,752

1.4574 GBP

25p ordinary

 CFD

Opening Short

17,328

29.7394 ZAR

25p ordinary

 CFD

Opening Short

18,920

29.7064 ZAR

25p ordinary

 CFD

Opening Short

60,064

1.4525 GBP

25p ordinary

 CFD

Opening Short

104,788

1.4588 GBP

25p ordinary

 CFD

Opening Short

269,776

1.4517 GBP

25p ordinary

 CFD

Opening Short

273,804

29.7171 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:

20 Jul 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213