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:

17 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:

8,860,471

1.04%

5,293,566

0.62%

(2)

Cash-settled derivatives:

4,989,049

0.59%

7,529,202

0.88%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

13,849,520

1.63%

12,822,768

1.51%

(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

260,679

1.3611 GBP

1.3389 GBP

25p ordinary

Sale

138,704

1.3594 GBP

1.3389 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

3

1.3850 GBP

25p ordinary

 CFD

Decreasing Long

68

27.1805 ZAR

25p ordinary

 SWAP

Decreasing Long

135

27.3000 ZAR

25p ordinary

 SWAP

Decreasing Long

491

27.4400 ZAR

25p ordinary

 SWAP

Decreasing Long

509

1.3520 GBP

25p ordinary

 CFD

Decreasing Long

688

1.3390 GBP

25p ordinary

 SWAP

Decreasing Long

1,225

27.2960 ZAR

25p ordinary

 CFD

Decreasing Long

2,656

27.1391 ZAR

25p ordinary

 SWAP

Decreasing Long

4,000

1.3611 GBP

25p ordinary

 SWAP

Decreasing Long

10,754

1.3604 GBP

25p ordinary

 CFD

Decreasing Long

14,724

27.1114 ZAR

25p ordinary

 CFD

Decreasing Long

15,364

27.2062 ZAR

25p ordinary

 CFD

Decreasing Long

19,688

27.3000 ZAR

25p ordinary

 CFD

Decreasing Long

19,688

27.3000 ZAR

25p ordinary

 CFD

Decreasing Long

28,364

1.3545 GBP

25p ordinary

 SWAP

Decreasing Long

47,554

1.3455 GBP

25p ordinary

 SWAP

Decreasing Long

52,687

27.2646 ZAR

25p ordinary

 SWAP

Decreasing Long

61,115

1.3471 GBP

25p ordinary

 CFD

Decreasing Long

157,916

1.3391 GBP

25p ordinary

 CFD

Decreasing Long

210,748

27.2565 ZAR

25p ordinary

 CFD

Decreasing Long

210,748

1.3544 GBP

25p ordinary

 CFD

Decreasing Short

68

27.1805 ZAR

25p ordinary

 SWAP

Decreasing Short

135

27.3000 ZAR

25p ordinary

 SWAP

Decreasing Short

491

27.4400 ZAR

25p ordinary

 CFD

Decreasing Short

688

1.3390 GBP

25p ordinary

 SWAP

Decreasing Short

1,225

27.2960 ZAR

25p ordinary

 CFD

Decreasing Short

2,656

27.1391 ZAR

25p ordinary

 CFD

Decreasing Short

14,724

27.1114 ZAR

25p ordinary

 CFD

Decreasing Short

15,364

27.2062 ZAR

25p ordinary

 CFD

Decreasing Short

19,688

27.3000 ZAR

25p ordinary

 CFD

Decreasing Short

19,688

27.3000 ZAR

25p ordinary

 CFD

Decreasing Short

28,364

1.3545 GBP

25p ordinary

 CFD

Decreasing Short

157,916

1.3391 GBP

25p ordinary

 CFD

Decreasing Short

210,748

27.2565 ZAR

25p ordinary

 CFD

Decreasing Short

210,748

1.3544 GBP

25p ordinary

 SWAP

Increasing Short

200

1.3550 GBP

25p ordinary

 SWAP

Increasing Short

23,035

1.3652 GBP

25p ordinary

 CFD

Opening Long

68

27.1805 ZAR

25p ordinary

 CFD

Opening Long

688

1.3390 GBP

25p ordinary

 CFD

Opening Long

2,656

27.1391 ZAR

25p ordinary

 CFD

Opening Long

14,724

27.1114 ZAR

25p ordinary

 CFD

Opening Long

15,364

27.2062 ZAR

25p ordinary

 CFD

Opening Long

19,688

27.3000 ZAR

25p ordinary

 CFD

Opening Long

19,688

27.3000 ZAR

25p ordinary

 CFD

Opening Long

28,364

1.3545 GBP

25p ordinary

 CFD

Opening Long

157,916

1.3391 GBP

25p ordinary

 CFD

Opening Long

210,748

27.2565 ZAR

25p ordinary

 CFD

Opening Long

210,748

1.3544 GBP

25p ordinary

 CFD

Opening Short

68

27.1805 ZAR

25p ordinary

 CFD

Opening Short

688

1.3390 GBP

25p ordinary

 SWAP

Opening Short

1,750

1.3567 GBP

25p ordinary

 CFD

Opening Short

2,656

27.1391 ZAR

25p ordinary

 CFD

Opening Short

14,724

27.1114 ZAR

25p ordinary

 CFD

Opening Short

15,364

27.2062 ZAR

25p ordinary

 CFD

Opening Short

19,688

27.3000 ZAR

25p ordinary

 CFD

Opening Short

19,688

27.3000 ZAR

25p ordinary

 CFD

Opening Short

28,364

1.3545 GBP

25p ordinary

 CFD

Opening Short

157,916

1.3391 GBP

25p ordinary

 CFD

Opening Short

210,748

27.2565 ZAR

25p ordinary

 CFD

Opening Short

210,748

1.3544 GBP

25p ordinary

 SWAP

Opening Long

412

1.3471 GBP

25p ordinary

 SWAP

Opening Long

1,750

1.3598 GBP

25p ordinary

 SWAP

Opening Long

2,217

1.3479 GBP

25p ordinary

 SWAP

Opening Long

4,340

1.3569 GBP

25p ordinary

 SWAP

Opening Long

5,767

1.3566 GBP

25p ordinary

 SWAP

Opening Long

15,237

1.3389 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:

18 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213