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:

21 November 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:

10,199,482

1.20%

6,218,179

0.73%

(2)

Cash-settled derivatives:

6,176,112

0.73%

9,279,684

1.09%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,375,594

1.92%

15,497,863

1.82%

(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

331,923

1.1059 GBP

1.0659 GBP

25p ordinary

Sale

461,822

1.1046 GBP

1.0631 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

10,100

21.9687 ZAR

25p ordinary

 SWAP

Decreasing Long

16,311

22.3383 ZAR

25p ordinary

 CFD

Decreasing Long

18,220

1.0908 GBP

25p ordinary

 CFD

Decreasing Long

18,220

1.0660 GBP

25p ordinary

 CFD

Decreasing Long

22,284

22.2663 ZAR

25p ordinary

 SWAP

Decreasing Long

42,527

22.5250 ZAR

25p ordinary

 CFD

Decreasing Long

46,280

21.9434 ZAR

25p ordinary

 CFD

Decreasing Long

47,704

1.0841 GBP

25p ordinary

 CFD

Decreasing Long

59,776

1.0864 GBP

25p ordinary

 CFD

Decreasing Long

62,776

1.0675 GBP

25p ordinary

 CFD

Decreasing Long

65,244

22.3450 ZAR

25p ordinary

 CFD

Decreasing Long

151,232

1.0940 GBP

25p ordinary

 CFD

Decreasing Long

170,108

22.5182 ZAR

25p ordinary

 SWAP

Decreasing Short

1

1.0659 GBP

25p ordinary

 SWAP

Decreasing Short

366

1.0812 GBP

25p ordinary

 SWAP

Decreasing Short

457

1.0865 GBP

25p ordinary

 SWAP

Decreasing Short

670

1.0727 GBP

25p ordinary

 SWAP

Decreasing Short

928

1.0896 GBP

25p ordinary

 SWAP

Decreasing Short

1,560

1.0773 GBP

25p ordinary

 SWAP

Decreasing Short

1,776

1.0844 GBP

25p ordinary

 SWAP

Decreasing Short

2,126

22.2623 ZAR

25p ordinary

 CFD

Decreasing Short

10,100

21.9687 ZAR

25p ordinary

 SWAP

Decreasing Short

12,768

1.0850 GBP

25p ordinary

 CFD

Decreasing Short

18,220

1.0908 GBP

25p ordinary

 CFD

Decreasing Short

18,220

1.0660 GBP

25p ordinary

 CFD

Decreasing Short

22,284

22.2663 ZAR

25p ordinary

 CFD

Decreasing Short

46,280

21.9434 ZAR

25p ordinary

 CFD

Decreasing Short

47,704

1.0841 GBP

25p ordinary

 CFD

Decreasing Short

59,776

1.0864 GBP

25p ordinary

 CFD

Decreasing Short

62,776

1.0675 GBP

25p ordinary

 CFD

Decreasing Short

65,244

22.3450 ZAR

25p ordinary

 CFD

Decreasing Short

151,232

1.0940 GBP

25p ordinary

 CFD

Decreasing Short

170,108

22.5182 ZAR

25p ordinary

 SWAP

Increasing Long

19

1.0780 GBP

25p ordinary

 SWAP

Increasing Long

22

1.0750 GBP

25p ordinary

 SWAP

Increasing Long

34

1.0890 GBP

25p ordinary

 SWAP

Increasing Long

63

1.0660 GBP

25p ordinary

 SWAP

Increasing Long

1,370

1.0760 GBP

25p ordinary

 SWAP

Increasing Long

2,126

22.2623 ZAR

25p ordinary

 SWAP

Increasing Long

2,525

21.9600 ZAR

25p ordinary

 SWAP

Increasing Long

2,831

1.0813 GBP

25p ordinary

 SWAP

Increasing Long

2,851

1.0815 GBP

25p ordinary

 SWAP

Increasing Long

4,910

1.0799 GBP

25p ordinary

 SWAP

Increasing Long

5,571

22.2724 ZAR

25p ordinary

 SWAP

Increasing Long

10,936

1.0751 GBP

25p ordinary

 SWAP

Increasing Long

11,570

21.9374 ZAR

25p ordinary

 SWAP

Increasing Long

15,956

1.0808 GBP

25p ordinary

 SWAP

Increasing Long

17,678

1.0791 GBP

25p ordinary

 SWAP

Increasing Long

20,194

1.0773 GBP

25p ordinary

 SWAP

Increasing Long

26,204

1.0716 GBP

25p ordinary

 SWAP

Increasing Long

26,984

1.0694 GBP

25p ordinary

 SWAP

Increasing Long

39,383

1.0827 GBP

25p ordinary

 SWAP

Increasing Long

53,381

1.0838 GBP

25p ordinary

 SWAP

Increasing Long

70,093

1.1008 GBP

25p ordinary

 SWAP

Increasing Long

86,085

1.0823 GBP

25p ordinary

 SWAP

Increasing Long

116,463

1.0817 GBP

25p ordinary

 SWAP

Increasing Short

200

1.1099 GBP

25p ordinary

 SWAP

Increasing Short

1,568

1.0914 GBP

25p ordinary

 SWAP

Increasing Short

3,000

1.0960 GBP

25p ordinary

 SWAP

Increasing Short

5,810

1.0772 GBP

25p ordinary

 SWAP

Increasing Short

13,000

1.0853 GBP

25p ordinary

 SWAP

Increasing Short

23,400

1.0771 GBP

25p ordinary

 SWAP

Increasing Short

25,150

1.0741 GBP

25p ordinary

 CFD

Opening Long

10,100

21.9687 ZAR

25p ordinary

 CFD

Opening Long

18,220

1.0908 GBP

25p ordinary

 CFD

Opening Long

18,220

1.0660 GBP

25p ordinary

 CFD

Opening Long

22,284

22.2663 ZAR

25p ordinary

 CFD

Opening Long

46,280

21.9434 ZAR

25p ordinary

 CFD

Opening Long

47,704

1.0841 GBP

25p ordinary

 CFD

Opening Long

59,776

1.0864 GBP

25p ordinary

 CFD

Opening Long

62,776

1.0675 GBP

25p ordinary

 CFD

Opening Long

65,244

22.3450 ZAR

25p ordinary

 CFD

Opening Long

151,232

1.0940 GBP

25p ordinary

 CFD

Opening Long

170,108

22.5182 ZAR

25p ordinary

 CFD

Opening Short

10,100

21.9687 ZAR

25p ordinary

 CFD

Opening Short

18,220

1.0908 GBP

25p ordinary

 CFD

Opening Short

18,220

1.0660 GBP

25p ordinary

 CFD

Opening Short

22,284

22.2663 ZAR

25p ordinary

 CFD

Opening Short

46,280

21.9434 ZAR

25p ordinary

 CFD

Opening Short

47,704

1.0841 GBP

25p ordinary

 CFD

Opening Short

59,776

1.0864 GBP

25p ordinary

 CFD

Opening Short

62,776

1.0675 GBP

25p ordinary

 CFD

Opening Short

65,244

22.3450 ZAR

25p ordinary

 CFD

Opening Short

151,232

1.0940 GBP

25p ordinary

 CFD

Opening Short

170,108

22.5182 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:

22 Nov 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213