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:

26 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:

4,891,598

0.57%

6,024,888

0.71%

(2)

Cash-settled derivatives:

24,599,587

2.89%

4,016,477

0.47%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

29,491,185

3.46%

10,041,365

1.18%

(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

315,849

1.5780 GBP

1.5571 GBP

25p ordinary

Sale

233,444

1.5738 GBP

1.5526 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

895

31.0000 ZAR

25p ordinary

 CFD

Decreasing Long

1,012

30.8915 ZAR

25p ordinary

 CFD

Decreasing Long

1,364

31.0000 ZAR

25p ordinary

 CFD

Decreasing Long

1,364

31.0000 ZAR

25p ordinary

 CFD

Decreasing Long

2,524

30.8981 ZAR

25p ordinary

 SWAP

Decreasing Long

2,588

30.9700 ZAR

25p ordinary

 CFD

Decreasing Long

8,664

31.0781 ZAR

25p ordinary

 CFD

Decreasing Long

11,684

31.0017 ZAR

25p ordinary

 CFD

Decreasing Long

15,560

31.0087 ZAR

25p ordinary

 CFD

Decreasing Long

92,060

1.5738 GBP

25p ordinary

 CFD

Decreasing Long

224,456

1.5632 GBP

25p ordinary

 CFD

Decreasing Long

224,460

30.9721 ZAR

25p ordinary

 CFD

Decreasing Long

278,720

1.5743 GBP

25p ordinary

 SWAP

Decreasing Short

1,000

1.5631 GBP

25p ordinary

 SWAP

Decreasing Short

1,700

1.5642 GBP

25p ordinary

 SWAP

Decreasing Short

2,588

30.9700 ZAR

25p ordinary

 SWAP

Decreasing Short

23,587

31.0072 ZAR

25p ordinary

 SWAP

Decreasing Short

27,500

1.5652 GBP

25p ordinary

 SWAP

Increasing Long

895

31.0000 ZAR

25p ordinary

 SWAP

Increasing Long

3,620

1.5739 GBP

25p ordinary

 SWAP

Increasing Long

7,975

1.5655 GBP

25p ordinary

 SWAP

Increasing Long

8,158

1.5732 GBP

25p ordinary

 SWAP

Increasing Long

12,000

1.5640 GBP

25p ordinary

 SWAP

Increasing Long

15,488

1.5690 GBP

25p ordinary

 SWAP

Increasing Long

23,124

1.5712 GBP

25p ordinary

 SWAP

Increasing Long

23,587

31.0072 ZAR

25p ordinary

 SWAP

Increasing Long

38,100

1.5639 GBP

25p ordinary

 SWAP

Increasing Long

56,115

30.9628 ZAR

25p ordinary

 SWAP

Increasing Short

466

1.5630 GBP

25p ordinary

 SWAP

Increasing Short

629

1.5741 GBP

25p ordinary

 SWAP

Increasing Short

758

1.5571 GBP

25p ordinary

 CFD

Increasing Short

1,012

30.8915 ZAR

25p ordinary

 CFD

Increasing Short

1,364

31.0000 ZAR

25p ordinary

 CFD

Increasing Short

1,364

31.0000 ZAR

25p ordinary

 CFD

Increasing Short

2,524

30.8981 ZAR

25p ordinary

 SWAP

Increasing Short

5,625

1.5703 GBP

25p ordinary

 CFD

Increasing Short

8,664

31.0781 ZAR

25p ordinary

 SWAP

Increasing Short

8,843

1.5620 GBP

25p ordinary

 CFD

Increasing Short

11,684

31.0017 ZAR

25p ordinary

 SWAP

Increasing Short

14,442

1.5658 GBP

25p ordinary

 CFD

Increasing Short

15,560

31.0087 ZAR

25p ordinary

 SWAP

Increasing Short

30,199

1.5701 GBP

25p ordinary

 SWAP

Increasing Short

32,403

1.5711 GBP

25p ordinary

 SWAP

Increasing Short

60,816

1.5740 GBP

25p ordinary

 CFD

Increasing Short

92,060

1.5738 GBP

25p ordinary

 CFD

Increasing Short

224,456

1.5632 GBP

25p ordinary

 CFD

Increasing Short

224,460

30.9721 ZAR

25p ordinary

 CFD

Increasing Short

278,720

1.5743 GBP

25p ordinary

 CFD

Opening Long

1,012

30.8915 ZAR

25p ordinary

 CFD

Opening Long

1,364

31.0000 ZAR

25p ordinary

 CFD

Opening Long

1,364

31.0000 ZAR

25p ordinary

 CFD

Opening Long

2,524

30.8981 ZAR

25p ordinary

 CFD

Opening Long

8,664

31.0781 ZAR

25p ordinary

 CFD

Opening Long

11,684

31.0017 ZAR

25p ordinary

 CFD

Opening Long

15,560

31.0087 ZAR

25p ordinary

 CFD

Opening Long

92,060

1.5738 GBP

25p ordinary

 CFD

Opening Long

224,456

1.5632 GBP

25p ordinary

 CFD

Opening Long

224,460

30.9721 ZAR

25p ordinary

 CFD

Opening Long

278,720

1.5743 GBP

25p ordinary

 CFD

Opening Short

1,012

30.8915 ZAR

25p ordinary

 CFD

Opening Short

1,364

31.0000 ZAR

25p ordinary

 CFD

Opening Short

1,364

31.0000 ZAR

25p ordinary

 CFD

Opening Short

2,524

30.8981 ZAR

25p ordinary

 CFD

Opening Short

8,664

31.0781 ZAR

25p ordinary

 CFD

Opening Short

11,684

31.0017 ZAR

25p ordinary

 CFD

Opening Short

15,560

31.0087 ZAR

25p ordinary

 CFD

Opening Short

92,060

1.5738 GBP

25p ordinary

 CFD

Opening Short

224,456

1.5632 GBP

25p ordinary

 CFD

Opening Short

224,460

30.9721 ZAR

25p ordinary

 CFD

Opening Short

278,720

1.5743 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:

27 May 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213