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:

02 September 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:

8,175,367

0.96%

3,516,110

0.41%

(2)

Cash-settled derivatives:

3,993,421

0.47%

7,913,629

0.93%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

12,168,788

1.43%

11,429,739

1.34%

(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

406,056

1.1908 GBP

1.1766 GBP

25p ordinary

Sale

642,609

1.1910 GBP

1.171 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

1,269

23.5855 ZAR

25p ordinary

 SWAP

Decreasing Long

2,356

23.4998 ZAR

25p ordinary

 SWAP

Decreasing Long

11,787

1.1850 GBP

25p ordinary

 SWAP

Decreasing Long

13,169

1.1805 GBP

25p ordinary

 SWAP

Decreasing Long

14,845

1.1828 GBP

25p ordinary

 SWAP

Decreasing Long

26,121

1.1800 GBP

25p ordinary

 SWAP

Decreasing Long

29,550

1.1821 GBP

25p ordinary

 SWAP

Decreasing Long

36,338

1.1819 GBP

25p ordinary

 SWAP

Decreasing Short

17

1.1907 GBP

25p ordinary

 CFD

Decreasing Short

38

1.1910 GBP

25p ordinary

 SWAP

Decreasing Short

334

23.4961 ZAR

25p ordinary

 SWAP

Decreasing Short

554

23.4808 ZAR

25p ordinary

 CFD

Decreasing Short

567

23.4365 ZAR

25p ordinary

 CFD

Decreasing Short

896

23.5000 ZAR

25p ordinary

 CFD

Decreasing Short

896

23.5000 ZAR

25p ordinary

 CFD

Decreasing Short

928

1.1777 GBP

25p ordinary

 SWAP

Decreasing Short

1,150

23.4993 ZAR

25p ordinary

 SWAP

Decreasing Short

1,269

23.5855 ZAR

25p ordinary

 SWAP

Decreasing Short

2,356

23.4998 ZAR

25p ordinary

 CFD

Decreasing Short

2,625

23.5334 ZAR

25p ordinary

 SWAP

Decreasing Short

4,953

23.4955 ZAR

25p ordinary

 SWAP

Decreasing Short

5,896

23.4807 ZAR

25p ordinary

 CFD

Decreasing Short

6,000

1.1803 GBP

25p ordinary

 CFD

Decreasing Short

6,470

23.6213 ZAR

25p ordinary

 CFD

Decreasing Short

6,669

23.5484 ZAR

25p ordinary

 SWAP

Decreasing Short

7,474

23.4954 ZAR

25p ordinary

 SWAP

Decreasing Short

8,137

23.5074 ZAR

25p ordinary

 CFD

Decreasing Short

14,818

1.1787 GBP

25p ordinary

 CFD

Decreasing Short

36,816

1.1909 GBP

25p ordinary

 CFD

Decreasing Short

38,247

1.1805 GBP

25p ordinary

 SWAP

Decreasing Short

46,835

1.1799 GBP

25p ordinary

 CFD

Decreasing Short

165,324

1.1800 GBP

25p ordinary

 CFD

Decreasing Short

165,915

23.4876 ZAR

25p ordinary

 SWAP

Increasing Long

334

23.4961 ZAR

25p ordinary

 SWAP

Increasing Long

554

23.4808 ZAR

25p ordinary

 SWAP

Increasing Long

1,150

23.4993 ZAR

25p ordinary

 SWAP

Increasing Long

4,953

23.4955 ZAR

25p ordinary

 SWAP

Increasing Long

5,896

23.4807 ZAR

25p ordinary

 SWAP

Increasing Long

6,470

23.6284 ZAR

25p ordinary

 SWAP

Increasing Long

7,474

23.4954 ZAR

25p ordinary

 SWAP

Increasing Long

8,137

23.5074 ZAR

25p ordinary

 SWAP

Increasing Long

165,915

23.4805 ZAR

25p ordinary

 SWAP

Increasing Short

366

1.1810 GBP

25p ordinary

 SWAP

Increasing Short

1,250

1.1801 GBP

25p ordinary

 SWAP

Increasing Short

4,000

1.1832 GBP

25p ordinary

 SWAP

Increasing Short

5,856

1.1729 GBP

25p ordinary

 SWAP

Increasing Short

26,121

1.1800 GBP

25p ordinary

 SWAP

Opening Short

6

1.1770 GBP

25p ordinary

 SWAP

Opening Short

14

1.1811 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:

5 Sep 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213