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:

20 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:

5,325,990

0.63%

7,002,379

0.82%

(2)

Cash-settled derivatives:

14,046,696

1.65%

3,839,090

0.45%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

19,372,686

2.28%

10,841,469

1.27%

(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

523,395

1.4990 GBP

1.483 GBP

25p ordinary

Sale

802,829

1.4990 GBP

1.483 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

153

29.2600 ZAR

25p ordinary

 SWAP

Decreasing Long

539

29.2400 ZAR

25p ordinary

 SWAP

Decreasing Long

755

29.2478 ZAR

25p ordinary

 SWAP

Decreasing Long

5,319

29.2600 ZAR

25p ordinary

 SWAP

Decreasing Long

6,274

1.4922 GBP

25p ordinary

 SWAP

Decreasing Long

6,638

1.4914 GBP

25p ordinary

 SWAP

Decreasing Long

20,506

1.4930 GBP

25p ordinary

 SWAP

Decreasing Long

38,614

1.4934 GBP

25p ordinary

 SWAP

Decreasing Short

539

29.2400 ZAR

25p ordinary

 SWAP

Decreasing Short

755

29.2478 ZAR

25p ordinary

 SWAP

Decreasing Short

5,319

29.2600 ZAR

25p ordinary

 SWAP

Increasing Long

2,569

1.4854 GBP

25p ordinary

 CFD

Increasing Long

4,568

29.2018 ZAR

25p ordinary

 SWAP

Increasing Long

7,806

1.4901 GBP

25p ordinary

 SWAP

Increasing Long

9,653

1.4936 GBP

25p ordinary

 SWAP

Increasing Long

9,876

1.4905 GBP

25p ordinary

 SWAP

Increasing Long

11,159

1.4905 GBP

25p ordinary

 SWAP

Increasing Long

11,410

1.4931 GBP

25p ordinary

 SWAP

Increasing Long

14,906

1.4865 GBP

25p ordinary

 SWAP

Increasing Long

16,668

1.4897 GBP

25p ordinary

 SWAP

Increasing Long

16,689

29.2358 ZAR

25p ordinary

 SWAP

Increasing Long

17,085

1.4937 GBP

25p ordinary

 SWAP

Increasing Long

18,596

1.4918 GBP

25p ordinary

 SWAP

Increasing Long

19,000

1.4892 GBP

25p ordinary

 CFD

Increasing Long

20,664

29.2482 ZAR

25p ordinary

 CFD

Increasing Long

28,880

29.2060 ZAR

25p ordinary

 SWAP

Increasing Long

30,067

1.4988 GBP

25p ordinary

 SWAP

Increasing Long

46,326

29.2103 ZAR

25p ordinary

 CFD

Increasing Long

63,856

1.4908 GBP

25p ordinary

 CFD

Increasing Long

66,756

29.2270 ZAR

25p ordinary

 CFD

Increasing Long

66,768

1.4847 GBP

25p ordinary

 SWAP

Increasing Long

77,528

1.4928 GBP

25p ordinary

 SWAP

Increasing Long

92,043

1.4913 GBP

25p ordinary

 SWAP

Increasing Long

93,611

1.4926 GBP

25p ordinary

 CFD

Increasing Long

181,784

1.4948 GBP

25p ordinary

 CFD

Increasing Long

185,304

29.2191 ZAR

25p ordinary

 SWAP

Increasing Long

271,488

1.4990 GBP

25p ordinary

 SWAP

Increasing Short

1,226

1.4881 GBP

25p ordinary

 CFD

Increasing Short

4,568

29.2018 ZAR

25p ordinary

 SWAP

Increasing Short

6,933

1.4928 GBP

25p ordinary

 CFD

Increasing Short

20,664

29.2482 ZAR

25p ordinary

 CFD

Increasing Short

28,880

29.2060 ZAR

25p ordinary

 CFD

Increasing Short

63,856

1.4908 GBP

25p ordinary

 CFD

Increasing Short

66,756

29.2270 ZAR

25p ordinary

 CFD

Increasing Short

66,768

1.4847 GBP

25p ordinary

 CFD

Increasing Short

181,784

1.4948 GBP

25p ordinary

 CFD

Increasing Short

185,304

29.2191 ZAR

25p ordinary

 CFD

Opening Long

4,568

29.2018 ZAR

25p ordinary

 CFD

Opening Long

20,664

29.2482 ZAR

25p ordinary

 SWAP

Opening Long

28,273

1.4989 GBP

25p ordinary

 CFD

Opening Long

28,880

29.2060 ZAR

25p ordinary

 CFD

Opening Long

63,856

1.4908 GBP

25p ordinary

 CFD

Opening Long

66,756

29.2270 ZAR

25p ordinary

 CFD

Opening Long

66,768

1.4847 GBP

25p ordinary

 CFD

Opening Long

181,784

1.4948 GBP

25p ordinary

 CFD

Opening Long

185,304

29.2191 ZAR

25p ordinary

 SWAP

Opening Long

195,143

1.4990 GBP

25p ordinary

 SWAP

Opening Long

271,488

1.4990 GBP

25p ordinary

 CFD

Opening Short

4,568

29.2018 ZAR

25p ordinary

 CFD

Opening Short

20,664

29.2482 ZAR

25p ordinary

 CFD

Opening Short

28,880

29.2060 ZAR

25p ordinary

 CFD

Opening Short

63,856

1.4908 GBP

25p ordinary

 CFD

Opening Short

66,756

29.2270 ZAR

25p ordinary

 CFD

Opening Short

66,768

1.4847 GBP

25p ordinary

 CFD

Opening Short

181,784

1.4948 GBP

25p ordinary

 CFD

Opening Short

185,304

29.2191 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:

21 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213