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:

25 August 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:

7,742,161

0.91%

2,590,853

0.30%

(2)

Cash-settled derivatives:

3,446,941

0.40%

7,796,089

0.92%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

11,189,102

1.31%

10,386,942

1.22%

(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

369,189

1.2607 GBP

1.235 GBP

25p ordinary

Sale

163,268

1.2535 GBP

1.235 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

5,000

1.2560 GBP

25p ordinary

 SWAP

Decreasing Long

6,572

24.9873 ZAR

25p ordinary

 SWAP

Decreasing Long

6,732

24.9028 ZAR

25p ordinary

 SWAP

Decreasing Long

40,618

24.9100 ZAR

25p ordinary

 SWAP

Decreasing Long

40,618

24.9100 ZAR

25p ordinary

 SWAP

Decreasing Long

40,776

24.8450 ZAR

25p ordinary

 SWAP

Decreasing Long

40,776

24.8450 ZAR

25p ordinary

 SWAP

Decreasing Long

55,742

25.0200 ZAR

25p ordinary

 SWAP

Decreasing Long

55,742

25.0200 ZAR

25p ordinary

 SWAP

Decreasing Long

86,224

24.9200 ZAR

25p ordinary

 SWAP

Decreasing Long

86,224

24.9200 ZAR

25p ordinary

 SWAP

Decreasing Long

89,048

24.9250 ZAR

25p ordinary

 SWAP

Decreasing Long

89,048

24.9250 ZAR

25p ordinary

 SWAP

Decreasing Long

213,717

24.9036 ZAR

25p ordinary

 SWAP

Decreasing Short

1,050

1.2479 GBP

25p ordinary

 SWAP

Increasing Long

6

1.2470 GBP

25p ordinary

 SWAP

Increasing Long

1,375

1.2510 GBP

25p ordinary

 SWAP

Increasing Long

1,405

1.2411 GBP

25p ordinary

 SWAP

Increasing Long

3,889

25.0500 ZAR

25p ordinary

 SWAP

Increasing Long

3,985

24.8800 ZAR

25p ordinary

 SWAP

Increasing Long

4,126

1.2501 GBP

25p ordinary

 SWAP

Increasing Long

5,411

1.2469 GBP

25p ordinary

 SWAP

Increasing Long

6,732

24.9028 ZAR

25p ordinary

 SWAP

Increasing Long

9,181

1.2514 GBP

25p ordinary

 SWAP

Increasing Long

10,240

24.9670 ZAR

25p ordinary

 SWAP

Increasing Long

11,076

1.2518 GBP

25p ordinary

 SWAP

Increasing Long

12,817

1.2493 GBP

25p ordinary

 SWAP

Increasing Long

14,871

1.2486 GBP

25p ordinary

 SWAP

Increasing Long

17,348

1.2483 GBP

25p ordinary

 SWAP

Increasing Long

37,440

1.2426 GBP

25p ordinary

 SWAP

Increasing Long

38,957

1.2433 GBP

25p ordinary

 SWAP

Increasing Long

40,618

24.9100 ZAR

25p ordinary

 SWAP

Increasing Long

40,776

24.8450 ZAR

25p ordinary

 SWAP

Increasing Long

41,611

1.2500 GBP

25p ordinary

 SWAP

Increasing Long

55,742

25.0200 ZAR

25p ordinary

 SWAP

Increasing Long

86,224

24.9200 ZAR

25p ordinary

 SWAP

Increasing Long

89,048

24.9250 ZAR

25p ordinary

 SWAP

Increasing Short

200

1.2530 GBP

25p ordinary

 SWAP

Increasing Short

3,889

25.0500 ZAR

25p ordinary

 SWAP

Increasing Short

3,985

24.8800 ZAR

25p ordinary

 CFD

Increasing Short

4,540

25.0350 ZAR

25p ordinary

 CFD

Increasing Short

5,020

24.8730 ZAR

25p ordinary

 CFD

Increasing Short

5,080

24.8800 ZAR

25p ordinary

 CFD

Increasing Short

5,080

24.8800 ZAR

25p ordinary

 CFD

Increasing Short

5,821

1.2520 GBP

25p ordinary

 CFD

Increasing Short

6,572

24.9948 ZAR

25p ordinary

 SWAP

Increasing Short

6,859

1.2519 GBP

25p ordinary

 CFD

Increasing Short

10,101

1.2521 GBP

25p ordinary

 SWAP

Increasing Short

10,240

24.9670 ZAR

25p ordinary

 SWAP

Increasing Short

14,150

1.2350 GBP

25p ordinary

 CFD

Increasing Short

30,305

1.2350 GBP

25p ordinary

 SWAP

Increasing Short

40,618

24.9100 ZAR

25p ordinary

 SWAP

Increasing Short

40,776

24.8450 ZAR

25p ordinary

 SWAP

Increasing Short

55,742

25.0200 ZAR

25p ordinary

 SWAP

Increasing Short

86,224

24.9200 ZAR

25p ordinary

 SWAP

Increasing Short

89,048

24.9250 ZAR

25p ordinary

 CFD

Increasing Short

212,696

1.2518 GBP

25p ordinary

 CFD

Increasing Short

213,717

24.8961 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:

26 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213