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:

06 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:

8,461,362

0.99%

3,528,749

0.41%

(2)

Cash-settled derivatives:

3,976,905

0.47%

8,165,082

0.96%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

12,438,267

1.46%

11,693,831

1.37%

(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

283,301

1.1876 GBP

1.167 GBP

25p ordinary

Sale

196,183

1.1860 GBP

1.168 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

1,203

23.3252 ZAR

25p ordinary

 SWAP

Decreasing Long

1,994

23.3772 ZAR

25p ordinary

 SWAP

Decreasing Long

6,921

1.1829 GBP

25p ordinary

 SWAP

Decreasing Long

8,215

1.1816 GBP

25p ordinary

 SWAP

Decreasing Long

8,586

1.1799 GBP

25p ordinary

 SWAP

Decreasing Long

15,893

1.1859 GBP

25p ordinary

 SWAP

Decreasing Long

90,334

1.1680 GBP

25p ordinary

 SWAP

Decreasing Short

1,203

23.3252 ZAR

25p ordinary

 SWAP

Decreasing Short

1,994

23.3772 ZAR

25p ordinary

 SWAP

Decreasing Short

21,491

1.1684 GBP

25p ordinary

 SWAP

Decreasing Short

35,772

1.1818 GBP

25p ordinary

 SWAP

Increasing Long

7,077

23.5502 ZAR

25p ordinary

 SWAP

Increasing Long

55,378

23.4163 ZAR

25p ordinary

 CFD

Increasing Short

19

1.1678 GBP

25p ordinary

 CFD

Increasing Short

84

1.1803 GBP

25p ordinary

 CFD

Increasing Short

84

1.1679 GBP

25p ordinary

 SWAP

Increasing Short

122

1.1736 GBP

25p ordinary

 CFD

Increasing Short

175

1.1680 GBP

25p ordinary

 SWAP

Increasing Short

180

1.1800 GBP

25p ordinary

 CFD

Increasing Short

184

23.5000 ZAR

25p ordinary

 CFD

Increasing Short

184

23.5000 ZAR

25p ordinary

 CFD

Increasing Short

533

23.4993 ZAR

25p ordinary

 SWAP

Increasing Short

544

1.1827 GBP

25p ordinary

 CFD

Increasing Short

714

23.4934 ZAR

25p ordinary

 SWAP

Increasing Short

835

1.1839 GBP

25p ordinary

 SWAP

Increasing Short

1,250

1.1798 GBP

25p ordinary

 SWAP

Increasing Short

1,347

1.1805 GBP

25p ordinary

 SWAP

Increasing Short

1,470

1.1802 GBP

25p ordinary

 SWAP

Increasing Short

1,888

1.1831 GBP

25p ordinary

 SWAP

Increasing Short

2,274

1.1788 GBP

25p ordinary

 SWAP

Increasing Short

3,087

1.1807 GBP

25p ordinary

 SWAP

Increasing Short

3,250

1.1696 GBP

25p ordinary

 CFD

Increasing Short

6,364

1.1821 GBP

25p ordinary

 SWAP

Increasing Short

6,691

1.1824 GBP

25p ordinary

 CFD

Increasing Short

7,077

23.5432 ZAR

25p ordinary

 CFD

Increasing Short

7,233

1.1681 GBP

25p ordinary

 SWAP

Increasing Short

12,000

1.1876 GBP

25p ordinary

 CFD

Increasing Short

12,873

23.4969 ZAR

25p ordinary

 CFD

Increasing Short

16,602

1.1784 GBP

25p ordinary

 CFD

Increasing Short

54,466

1.1770 GBP

25p ordinary

 CFD

Increasing Short

54,663

1.1680 GBP

25p ordinary

 CFD

Increasing Short

55,378

23.4233 ZAR

25p ordinary

 SWAP

Increasing Short

90,334

1.1680 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:

7 Sep 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213