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 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:

9,162,516

1.08%

6,876,080

0.81%

(2)

Cash-settled derivatives:

9,917,984

1.17%

8,079,277

0.95%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

19,080,500

2.24%

14,955,357

1.76%

(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

266,236

1.4533 GBP

1.443 GBP

25p ordinary

Sale

93,588

1.4500 GBP

1.443 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

1.4430 GBP

25p ordinary

 SWAP

Decreasing Long

27

1.4463 GBP

25p ordinary

 SWAP

Decreasing Long

36

1.4483 GBP

25p ordinary

 SWAP

Decreasing Long

1,486

29.2674 ZAR

25p ordinary

 SWAP

Decreasing Long

3,150

1.4449 GBP

25p ordinary

 SWAP

Decreasing Long

4,593

29.2822 ZAR

25p ordinary

 SWAP

Decreasing Long

5,000

1.4469 GBP

25p ordinary

 SWAP

Decreasing Long

22,000

1.4487 GBP

25p ordinary

 SWAP

Decreasing Long

25,685

1.4500 GBP

25p ordinary

 SWAP

Decreasing Long

25,858

1.4476 GBP

25p ordinary

 SWAP

Decreasing Long

56,879

1.4479 GBP

25p ordinary

 SWAP

Decreasing Long

64,566

1.4450 GBP

25p ordinary

 CFD

Decreasing Short

112

29.3232 ZAR

25p ordinary

 SWAP

Decreasing Short

1,250

1.4458 GBP

25p ordinary

 CFD

Decreasing Short

3,532

29.4817 ZAR

25p ordinary

 CFD

Decreasing Short

5,576

1.4528 GBP

25p ordinary

 CFD

Decreasing Short

5,904

1.4453 GBP

25p ordinary

 CFD

Decreasing Short

5,944

29.2762 ZAR

25p ordinary

 CFD

Decreasing Short

7,580

1.4431 GBP

25p ordinary

 CFD

Decreasing Short

10,880

1.4469 GBP

25p ordinary

 CFD

Decreasing Short

18,332

1.4460 GBP

25p ordinary

 CFD

Decreasing Short

18,372

29.2734 ZAR

25p ordinary

 CFD

Decreasing Short

54,352

1.4498 GBP

25p ordinary

 CFD

Increasing Long

112

29.3232 ZAR

25p ordinary

 CFD

Increasing Long

3,532

29.4817 ZAR

25p ordinary

 CFD

Increasing Long

5,576

1.4528 GBP

25p ordinary

 CFD

Increasing Long

5,904

1.4453 GBP

25p ordinary

 CFD

Increasing Long

5,944

29.2762 ZAR

25p ordinary

 CFD

Increasing Long

7,580

1.4431 GBP

25p ordinary

 CFD

Increasing Long

10,880

1.4469 GBP

25p ordinary

 CFD

Increasing Long

18,332

1.4460 GBP

25p ordinary

 CFD

Increasing Long

18,372

29.2734 ZAR

25p ordinary

 CFD

Increasing Long

54,352

1.4498 GBP

25p ordinary

 SWAP

Increasing Short

760

1.4445 GBP

25p ordinary

 SWAP

Increasing Short

3,672

1.4463 GBP

25p ordinary

 SWAP

Increasing Short

36,773

1.4462 GBP

25p ordinary

 CFD

Opening Long

112

29.3232 ZAR

25p ordinary

 CFD

Opening Long

3,532

29.4817 ZAR

25p ordinary

 CFD

Opening Long

5,576

1.4528 GBP

25p ordinary

 CFD

Opening Long

5,904

1.4453 GBP

25p ordinary

 CFD

Opening Long

5,944

29.2762 ZAR

25p ordinary

 CFD

Opening Long

7,580

1.4431 GBP

25p ordinary

 CFD

Opening Long

10,880

1.4469 GBP

25p ordinary

 CFD

Opening Long

18,332

1.4460 GBP

25p ordinary

 CFD

Opening Long

18,372

29.2734 ZAR

25p ordinary

 CFD

Opening Long

54,352

1.4498 GBP

25p ordinary

 CFD

Opening Short

112

29.3232 ZAR

25p ordinary

 CFD

Opening Short

3,532

29.4817 ZAR

25p ordinary

 CFD

Opening Short

5,576

1.4528 GBP

25p ordinary

 CFD

Opening Short

5,904

1.4453 GBP

25p ordinary

 CFD

Opening Short

5,944

29.2762 ZAR

25p ordinary

 CFD

Opening Short

7,580

1.4431 GBP

25p ordinary

 CFD

Opening Short

10,880

1.4469 GBP

25p ordinary

 CFD

Opening Short

18,332

1.4460 GBP

25p ordinary

 CFD

Opening Short

18,372

29.2734 ZAR

25p ordinary

 CFD

Opening Short

54,352

1.4498 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 Jul 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213