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:

19 May 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:

4,453,331

0.52%

5,857,526

0.69%

(2)

Cash-settled derivatives:

24,399,623

2.87%

3,556,879

0.42%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

28,852,954

3.39%

9,414,405

1.11%

(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

523,118

1.5747 GBP

1.5529 GBP

25p ordinary

Sale

194,964

1.6000 GBP

1.553 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

16

1.5730 GBP

25p ordinary

 SWAP

Decreasing Long

419

31.6600 ZAR

25p ordinary

 SWAP

Decreasing Long

3,549

30.9000 ZAR

25p ordinary

 SWAP

Decreasing Long

5,211

30.9707 ZAR

25p ordinary

 SWAP

Decreasing Long

5,350

1.5685 GBP

25p ordinary

 SWAP

Decreasing Long

11,018

1.5530 GBP

25p ordinary

 SWAP

Decreasing Long

15,400

1.5719 GBP

25p ordinary

 SWAP

Decreasing Long

26,811

1.5727 GBP

25p ordinary

 SWAP

Decreasing Long

81,187

1.5701 GBP

25p ordinary

 SWAP

Decreasing Short

419

31.6600 ZAR

25p ordinary

 SWAP

Decreasing Short

1,100

1.5677 GBP

25p ordinary

 SWAP

Decreasing Short

2,801

1.5618 GBP

25p ordinary

 SWAP

Decreasing Short

3,549

30.9000 ZAR

25p ordinary

 SWAP

Decreasing Short

5,211

30.9707 ZAR

25p ordinary

 SWAP

Decreasing Short

25,597

1.5762 GBP

25p ordinary

 CFD

Increasing Long

36

30.8122 ZAR

25p ordinary

 CFD

Increasing Long

2,228

30.9000 ZAR

25p ordinary

 CFD

Increasing Long

2,228

30.9000 ZAR

25p ordinary

 SWAP

Increasing Long

6,823

30.9359 ZAR

25p ordinary

 SWAP

Increasing Long

17,161

31.2271 ZAR

25p ordinary

 CFD

Increasing Long

19,240

31.0016 ZAR

25p ordinary

 CFD

Increasing Long

22,660

1.5530 GBP

25p ordinary

 CFD

Increasing Long

44,416

1.5529 GBP

25p ordinary

 CFD

Increasing Long

45,752

31.1965 ZAR

25p ordinary

 CFD

Increasing Long

55,868

1.5783 GBP

25p ordinary

 SWAP

Increasing Long

61,754

31.0997 ZAR

25p ordinary

 CFD

Increasing Long

68,644

31.2177 ZAR

25p ordinary

 CFD

Increasing Long

83,324

1.5528 GBP

25p ordinary

 CFD

Increasing Long

91,156

31.1498 ZAR

25p ordinary

 CFD

Increasing Long

222,912

1.5689 GBP

25p ordinary

 CFD

Increasing Long

234,148

1.5717 GBP

25p ordinary

 CFD

Increasing Long

247,016

31.1090 ZAR

25p ordinary

 CFD

Increasing Short

36

30.8122 ZAR

25p ordinary

 SWAP

Increasing Short

1,250

1.6198 GBP

25p ordinary

 CFD

Increasing Short

2,228

30.9000 ZAR

25p ordinary

 CFD

Increasing Short

2,228

30.9000 ZAR

25p ordinary

 SWAP

Increasing Short

5,422

1.5530 GBP

25p ordinary

 SWAP

Increasing Short

6,823

30.9359 ZAR

25p ordinary

 SWAP

Increasing Short

7,213

1.6039 GBP

25p ordinary

 CFD

Increasing Short

19,240

31.0016 ZAR

25p ordinary

 CFD

Increasing Short

22,660

1.5530 GBP

25p ordinary

 SWAP

Increasing Short

28,200

1.5634 GBP

25p ordinary

 CFD

Increasing Short

44,416

1.5529 GBP

25p ordinary

 CFD

Increasing Short

45,752

31.1965 ZAR

25p ordinary

 CFD

Increasing Short

55,868

1.5783 GBP

25p ordinary

 SWAP

Increasing Short

63,117

1.5672 GBP

25p ordinary

 CFD

Increasing Short

68,644

31.2177 ZAR

25p ordinary

 CFD

Increasing Short

83,324

1.5528 GBP

25p ordinary

 CFD

Increasing Short

91,156

31.1498 ZAR

25p ordinary

 SWAP

Increasing Short

100,898

1.5657 GBP

25p ordinary

 SWAP

Increasing Short

110,911

1.5703 GBP

25p ordinary

 CFD

Increasing Short

222,912

1.5689 GBP

25p ordinary

 CFD

Increasing Short

234,148

1.5717 GBP

25p ordinary

 CFD

Increasing Short

247,016

31.1090 ZAR

25p ordinary

 CFD

Opening Long

36

30.8122 ZAR

25p ordinary

 CFD

Opening Long

2,228

30.9000 ZAR

25p ordinary

 CFD

Opening Long

2,228

30.9000 ZAR

25p ordinary

 CFD

Opening Long

19,240

31.0016 ZAR

25p ordinary

 CFD

Opening Long

22,660

1.5530 GBP

25p ordinary

 CFD

Opening Long

44,416

1.5529 GBP

25p ordinary

 CFD

Opening Long

45,752

31.1965 ZAR

25p ordinary

 CFD

Opening Long

55,868

1.5783 GBP

25p ordinary

 CFD

Opening Long

68,644

31.2177 ZAR

25p ordinary

 CFD

Opening Long

83,324

1.5528 GBP

25p ordinary

 CFD

Opening Long

91,156

31.1498 ZAR

25p ordinary

 CFD

Opening Long

222,912

1.5689 GBP

25p ordinary

 CFD

Opening Long

234,148

1.5717 GBP

25p ordinary

 CFD

Opening Long

247,016

31.1090 ZAR

25p ordinary

 CFD

Opening Short

36

30.8122 ZAR

25p ordinary

 CFD

Opening Short

2,228

30.9000 ZAR

25p ordinary

 CFD

Opening Short

2,228

30.9000 ZAR

25p ordinary

 CFD

Opening Short

19,240

31.0016 ZAR

25p ordinary

 CFD

Opening Short

22,660

1.5530 GBP

25p ordinary

 CFD

Opening Short

44,416

1.5529 GBP

25p ordinary

 CFD

Opening Short

45,752

31.1965 ZAR

25p ordinary

 CFD

Opening Short

55,868

1.5783 GBP

25p ordinary

 CFD

Opening Short

68,644

31.2177 ZAR

25p ordinary

 CFD

Opening Short

83,324

1.5528 GBP

25p ordinary

 CFD

Opening Short

91,156

31.1498 ZAR

25p ordinary

 CFD

Opening Short

222,912

1.5689 GBP

25p ordinary

 CFD

Opening Short

234,148

1.5717 GBP

25p ordinary

 CFD

Opening Short

247,016

31.1090 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:

20 May 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213