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:

11 January 2023

(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:

10,262,211

1.21%

7,755,235

0.91%

(2)

Cash-settled derivatives:

7,212,082

0.85%

8,911,492

1.05%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,474,293

2.05%

16,666,727

1.96%

(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

443,218

1.0850 GBP

1.0629 GBP

25p ordinary

Sale

350,995

1.0860 GBP

1.063 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

25p ordinary

 CFD

Decreasing Long

344

1.0773 GBP

25p ordinary

 SWAP

Decreasing Long

687

21.8600 ZAR

25p ordinary

 CFD

Decreasing Long

2,748

21.8600 ZAR

25p ordinary

 SWAP

Decreasing Long

3,552

22.3771 ZAR

25p ordinary

 CFD

Decreasing Long

3,860

1.0787 GBP

25p ordinary

 CFD

Decreasing Long

5,148

1.0850 GBP

25p ordinary

 CFD

Decreasing Long

5,492

1.0782 GBP

25p ordinary

 SWAP

Decreasing Long

8,687

22.2880 ZAR

25p ordinary

 SWAP

Decreasing Long

8,956

22.1466 ZAR

25p ordinary

 SWAP

Decreasing Long

9,547

22.2733 ZAR

25p ordinary

 SWAP

Decreasing Long

13,032

22.3900 ZAR

25p ordinary

 CFD

Decreasing Long

14,208

22.3709 ZAR

25p ordinary

 CFD

Decreasing Long

35,824

22.1532 ZAR

25p ordinary

 CFD

Decreasing Long

36,256

1.0740 GBP

25p ordinary

 CFD

Decreasing Long

52,128

22.3810 ZAR

25p ordinary

 SWAP

Decreasing Long

133,988

22.3162 ZAR

25p ordinary

 CFD

Decreasing Long

533,428

1.0825 GBP

25p ordinary

 CFD

Decreasing Long

535,952

22.3095 ZAR

25p ordinary

 CFD

Decreasing Short

344

1.0773 GBP

25p ordinary

 SWAP

Decreasing Short

795

1.0860 GBP

25p ordinary

 SWAP

Decreasing Short

1,000

1.0751 GBP

25p ordinary

 CFD

Decreasing Short

2,748

21.8600 ZAR

25p ordinary

 CFD

Decreasing Short

3,860

1.0787 GBP

25p ordinary

 SWAP

Decreasing Short

4,938

1.0832 GBP

25p ordinary

 SWAP

Decreasing Short

5,146

1.0723 GBP

25p ordinary

 CFD

Decreasing Short

5,148

1.0850 GBP

25p ordinary

 CFD

Decreasing Short

5,492

1.0782 GBP

25p ordinary

 SWAP

Decreasing Short

6,674

1.0820 GBP

25p ordinary

 SWAP

Decreasing Short

8,687

22.2880 ZAR

25p ordinary

 SWAP

Decreasing Short

9,547

22.2733 ZAR

25p ordinary

 SWAP

Decreasing Short

10,000

1.0778 GBP

25p ordinary

 SWAP

Decreasing Short

10,863

1.0829 GBP

25p ordinary

 SWAP

Decreasing Short

12,576

1.0800 GBP

25p ordinary

 SWAP

Decreasing Short

14,046

1.0849 GBP

25p ordinary

 CFD

Decreasing Short

14,208

22.3709 ZAR

25p ordinary

 SWAP

Decreasing Short

26,068

1.0838 GBP

25p ordinary

 CFD

Decreasing Short

35,824

22.1532 ZAR

25p ordinary

 CFD

Decreasing Short

36,256

1.0740 GBP

25p ordinary

 CFD

Decreasing Short

52,128

22.3810 ZAR

25p ordinary

 CFD

Decreasing Short

533,428

1.0825 GBP

25p ordinary

 CFD

Decreasing Short

535,952

22.3095 ZAR

25p ordinary

 SWAP

Increasing Long

14

1.0841 GBP

25p ordinary

 SWAP

Increasing Long

15,293

1.0807 GBP

25p ordinary

 SWAP

Increasing Long

15,379

1.0770 GBP

25p ordinary

 SWAP

Increasing Long

21,214

1.0850 GBP

25p ordinary

 SWAP

Increasing Long

26,068

1.0838 GBP

25p ordinary

 SWAP

Increasing Short

7,000

1.0759 GBP

25p ordinary

 CFD

Opening Long

344

1.0773 GBP

25p ordinary

 CFD

Opening Long

2,748

21.8600 ZAR

25p ordinary

 CFD

Opening Long

3,860

1.0787 GBP

25p ordinary

 CFD

Opening Long

5,148

1.0850 GBP

25p ordinary

 CFD

Opening Long

5,492

1.0782 GBP

25p ordinary

 CFD

Opening Long

14,208

22.3709 ZAR

25p ordinary

 CFD

Opening Long

35,824

22.1532 ZAR

25p ordinary

 CFD

Opening Long

36,256

1.0740 GBP

25p ordinary

 CFD

Opening Long

52,128

22.3810 ZAR

25p ordinary

 CFD

Opening Long

533,428

1.0825 GBP

25p ordinary

 CFD

Opening Long

535,952

22.3095 ZAR

25p ordinary

 CFD

Opening Short

344

1.0773 GBP

25p ordinary

 CFD

Opening Short

2,748

21.8600 ZAR

25p ordinary

 CFD

Opening Short

3,860

1.0787 GBP

25p ordinary

 CFD

Opening Short

5,148

1.0850 GBP

25p ordinary

 CFD

Opening Short

5,492

1.0782 GBP

25p ordinary

 CFD

Opening Short

14,208

22.3709 ZAR

25p ordinary

 CFD

Opening Short

35,824

22.1532 ZAR

25p ordinary

 CFD

Opening Short

36,256

1.0740 GBP

25p ordinary

 CFD

Opening Short

52,128

22.3810 ZAR

25p ordinary

 CFD

Opening Short

533,428

1.0825 GBP

25p ordinary

 CFD

Opening Short

535,952

22.3095 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:

12 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213