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:

28 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:

5,600,210

0.66%

7,441,256

0.87%

(2)

Cash-settled derivatives:

16,306,074

1.92%

4,037,854

0.47%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

21,906,284

2.57%

11,479,110

1.35%

(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

298,402

1.5260 GBP

1.501 GBP

25p ordinary

Sale

511,665

1.5240 GBP

1.51 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

203

29.7519 ZAR

25p ordinary

 SWAP

Decreasing Long

735

29.7509 ZAR

25p ordinary

 CFD

Decreasing Long

856

29.6607 ZAR

25p ordinary

 SWAP

Decreasing Long

905

29.7512 ZAR

25p ordinary

 SWAP

Decreasing Long

1,338

29.7508 ZAR

25p ordinary

 SWAP

Decreasing Long

1,909

29.7500 ZAR

25p ordinary

 SWAP

Decreasing Long

2,983

29.7503 ZAR

25p ordinary

 CFD

Decreasing Long

3,340

29.8916 ZAR

25p ordinary

 CFD

Decreasing Long

3,568

29.7283 ZAR

25p ordinary

 SWAP

Decreasing Long

5,212

29.5323 ZAR

25p ordinary

 SWAP

Decreasing Long

8,325

29.7505 ZAR

25p ordinary

 CFD

Decreasing Long

11,312

29.2898 ZAR

25p ordinary

 CFD

Decreasing Long

13,704

1.5239 GBP

25p ordinary

 SWAP

Decreasing Long

13,835

29.7948 ZAR

25p ordinary

 CFD

Decreasing Long

16,200

1.5167 GBP

25p ordinary

 CFD

Decreasing Long

18,544

29.9100 ZAR

25p ordinary

 CFD

Decreasing Long

18,544

29.9100 ZAR

25p ordinary

 CFD

Decreasing Long

20,196

29.9016 ZAR

25p ordinary

 CFD

Decreasing Long

20,848

29.5411 ZAR

25p ordinary

 SWAP

Decreasing Long

71,341

29.9100 ZAR

25p ordinary

 SWAP

Decreasing Long

75,336

29.8561 ZAR

25p ordinary

 CFD

Decreasing Long

266,584

29.8980 ZAR

25p ordinary

 CFD

Decreasing Long

301,344

29.8472 ZAR

25p ordinary

 CFD

Decreasing Long

313,008

1.5232 GBP

25p ordinary

 SWAP

Decreasing Short

203

29.7519 ZAR

25p ordinary

 SWAP

Decreasing Short

735

29.7509 ZAR

25p ordinary

 CFD

Decreasing Short

856

29.6607 ZAR

25p ordinary

 SWAP

Decreasing Short

905

29.7512 ZAR

25p ordinary

 SWAP

Decreasing Short

1,338

29.7508 ZAR

25p ordinary

 SWAP

Decreasing Short

1,909

29.7500 ZAR

25p ordinary

 SWAP

Decreasing Short

2,983

29.7503 ZAR

25p ordinary

 CFD

Decreasing Short

3,340

29.8916 ZAR

25p ordinary

 CFD

Decreasing Short

3,568

29.7283 ZAR

25p ordinary

 SWAP

Decreasing Short

4,695

29.9100 ZAR

25p ordinary

 SWAP

Decreasing Short

8,325

29.7505 ZAR

25p ordinary

 CFD

Decreasing Short

11,312

29.2898 ZAR

25p ordinary

 CFD

Decreasing Short

13,704

1.5239 GBP

25p ordinary

 SWAP

Decreasing Short

13,835

29.7948 ZAR

25p ordinary

 CFD

Decreasing Short

16,200

1.5167 GBP

25p ordinary

 CFD

Decreasing Short

18,544

29.9100 ZAR

25p ordinary

 CFD

Decreasing Short

18,544

29.9100 ZAR

25p ordinary

 CFD

Decreasing Short

20,196

29.9016 ZAR

25p ordinary

 CFD

Decreasing Short

20,848

29.5411 ZAR

25p ordinary

 CFD

Decreasing Short

266,584

29.8980 ZAR

25p ordinary

 CFD

Decreasing Short

301,344

29.8472 ZAR

25p ordinary

 CFD

Decreasing Short

313,008

1.5232 GBP

25p ordinary

 SWAP

Increasing Long

66

1.5240 GBP

25p ordinary

 SWAP

Increasing Long

821

1.5150 GBP

25p ordinary

 SWAP

Increasing Long

3,477

1.5208 GBP

25p ordinary

 SWAP

Increasing Long

3,555

1.5226 GBP

25p ordinary

 SWAP

Increasing Long

3,954

1.5199 GBP

25p ordinary

 SWAP

Increasing Long

9,101

1.5182 GBP

25p ordinary

 SWAP

Increasing Long

10,694

1.5205 GBP

25p ordinary

 SWAP

Increasing Long

10,805

1.5189 GBP

25p ordinary

 SWAP

Increasing Long

15,864

1.5225 GBP

25p ordinary

 SWAP

Increasing Long

16,207

1.5217 GBP

25p ordinary

 SWAP

Increasing Long

35,067

1.5232 GBP

25p ordinary

 SWAP

Increasing Long

49,466

1.5204 GBP

25p ordinary

 SWAP

Increasing Long

76,973

1.5233 GBP

25p ordinary

 SWAP

Increasing Long

111,917

1.5207 GBP

25p ordinary

 SWAP

Increasing Short

65

1.5252 GBP

25p ordinary

 SWAP

Increasing Short

821

1.5187 GBP

25p ordinary

 SWAP

Increasing Short

1,298

1.5186 GBP

25p ordinary

 SWAP

Increasing Short

3,567

1.5240 GBP

25p ordinary

 CFD

Opening Long

856

29.6607 ZAR

25p ordinary

 CFD

Opening Long

3,340

29.8916 ZAR

25p ordinary

 CFD

Opening Long

3,568

29.7283 ZAR

25p ordinary

 CFD

Opening Long

11,312

29.2898 ZAR

25p ordinary

 CFD

Opening Long

13,704

1.5239 GBP

25p ordinary

 CFD

Opening Long

16,200

1.5167 GBP

25p ordinary

 CFD

Opening Long

18,544

29.9100 ZAR

25p ordinary

 CFD

Opening Long

18,544

29.9100 ZAR

25p ordinary

 CFD

Opening Long

20,196

29.9016 ZAR

25p ordinary

 CFD

Opening Long

20,848

29.5411 ZAR

25p ordinary

 CFD

Opening Long

266,584

29.8980 ZAR

25p ordinary

 CFD

Opening Long

301,344

29.8472 ZAR

25p ordinary

 CFD

Opening Long

313,008

1.5232 GBP

25p ordinary

 CFD

Opening Short

856

29.6607 ZAR

25p ordinary

 CFD

Opening Short

3,340

29.8916 ZAR

25p ordinary

 CFD

Opening Short

3,568

29.7283 ZAR

25p ordinary

 CFD

Opening Short

11,312

29.2898 ZAR

25p ordinary

 CFD

Opening Short

13,704

1.5239 GBP

25p ordinary

 CFD

Opening Short

16,200

1.5167 GBP

25p ordinary

 CFD

Opening Short

18,544

29.9100 ZAR

25p ordinary

 CFD

Opening Short

18,544

29.9100 ZAR

25p ordinary

 CFD

Opening Short

20,196

29.9016 ZAR

25p ordinary

 CFD

Opening Short

20,848

29.5411 ZAR

25p ordinary

 CFD

Opening Short

266,584

29.8980 ZAR

25p ordinary

 CFD

Opening Short

301,344

29.8472 ZAR

25p ordinary

 CFD

Opening Short

313,008

1.5232 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:

29 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213