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:

30 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:

7,726,854

0.91%

2,729,836

0.32%

(2)

Cash-settled derivatives:

3,592,594

0.42%

7,763,220

0.91%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

11,319,448

1.33%

10,493,056

1.23%

(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

68,528

1.2346 GBP

1.2088 GBP

25p ordinary

Sale

198,987

1.2400 GBP

1.206 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

9,000

1.2367 GBP

25p ordinary

 SWAP

Decreasing Short

17,034

1.2207 GBP

25p ordinary

 SWAP

Increasing Long

16

23.7500 ZAR

25p ordinary

 SWAP

Increasing Long

1,170

1.2377 GBP

25p ordinary

 SWAP

Increasing Long

1,516

1.2199 GBP

25p ordinary

 SWAP

Increasing Long

1,637

1.2218 GBP

25p ordinary

 SWAP

Increasing Long

2,334

1.2316 GBP

25p ordinary

 SWAP

Increasing Long

2,387

1.2129 GBP

25p ordinary

 SWAP

Increasing Long

2,817

1.2217 GBP

25p ordinary

 SWAP

Increasing Long

4,197

1.2138 GBP

25p ordinary

 SWAP

Increasing Long

5,258

24.1925 ZAR

25p ordinary

 SWAP

Increasing Long

5,258

24.1925 ZAR

25p ordinary

 SWAP

Increasing Long

7,006

1.2233 GBP

25p ordinary

 SWAP

Increasing Long

9,524

1.2216 GBP

25p ordinary

 SWAP

Increasing Long

10,607

1.2116 GBP

25p ordinary

 SWAP

Increasing Long

11,403

24.3800 ZAR

25p ordinary

 SWAP

Increasing Long

11,416

1.2092 GBP

25p ordinary

 SWAP

Increasing Long

11,798

1.2187 GBP

25p ordinary

 SWAP

Increasing Long

12,546

1.2219 GBP

25p ordinary

 SWAP

Increasing Long

25,970

23.9187 ZAR

25p ordinary

 SWAP

Increasing Long

34,475

1.2203 GBP

25p ordinary

 SWAP

Increasing Long

35,906

1.2188 GBP

25p ordinary

 SWAP

Increasing Short

16

23.7500 ZAR

25p ordinary

 CFD

Increasing Short

31

1.2090 GBP

25p ordinary

 CFD

Increasing Short

50

1.2282 GBP

25p ordinary

 CFD

Increasing Short

175

1.2110 GBP

25p ordinary

 CFD

Increasing Short

204

1.2090 GBP

25p ordinary

 CFD

Increasing Short

436

23.7500 ZAR

25p ordinary

 CFD

Increasing Short

436

23.7500 ZAR

25p ordinary

 SWAP

Increasing Short

1,250

1.2241 GBP

25p ordinary

 CFD

Increasing Short

1,903

1.2399 GBP

25p ordinary

 CFD

Increasing Short

2,517

24.3227 ZAR

25p ordinary

 CFD

Increasing Short

2,576

23.7966 ZAR

25p ordinary

 SWAP

Increasing Short

4,000

1.2163 GBP

25p ordinary

 CFD

Increasing Short

10,001

1.2370 GBP

25p ordinary

 CFD

Increasing Short

10,581

1.2173 GBP

25p ordinary

 CFD

Increasing Short

10,639

1.2342 GBP

25p ordinary

 CFD

Increasing Short

11,403

24.3727 ZAR

25p ordinary

 CFD

Increasing Short

24,906

1.2131 GBP

25p ordinary

 CFD

Increasing Short

25,970

23.9258 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:

31 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213