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 November 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:

9,770,014

1.15%

5,966,872

0.70%

(2)

Cash-settled derivatives:

5,960,311

0.70%

9,411,530

1.11%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,730,325

1.85%

15,378,402

1.81%

(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

152,114

1.1040 GBP

1.07 GBP

25p ordinary

Sale

990,168

1.1040 GBP

1.0755 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 Short

234

1.0923 GBP

25p ordinary

 CFD

Decreasing Short

364

22.7050 ZAR

25p ordinary

 SWAP

Decreasing Short

390

1.0785 GBP

25p ordinary

 SWAP

Decreasing Short

529

1.0849 GBP

25p ordinary

 SWAP

Decreasing Short

577

1.0909 GBP

25p ordinary

 CFD

Decreasing Short

678

1.0839 GBP

25p ordinary

 CFD

Decreasing Short

866

1.0942 GBP

25p ordinary

 CFD

Decreasing Short

969

1.0900 GBP

25p ordinary

 CFD

Decreasing Short

1,010

1.0916 GBP

25p ordinary

 CFD

Decreasing Short

1,010

1.1040 GBP

25p ordinary

 CFD

Decreasing Short

1,325

22.7731 ZAR

25p ordinary

 CFD

Decreasing Short

2,162

22.6537 ZAR

25p ordinary

 SWAP

Decreasing Short

8,711

1.0867 GBP

25p ordinary

 SWAP

Decreasing Short

10,101

22.6977 ZAR

25p ordinary

 CFD

Decreasing Short

10,241

1.0933 GBP

25p ordinary

 SWAP

Decreasing Short

11,325

22.5325 ZAR

25p ordinary

 CFD

Decreasing Short

12,137

22.6561 ZAR

25p ordinary

 CFD

Decreasing Short

14,988

1.0788 GBP

25p ordinary

 SWAP

Decreasing Short

15,686

22.5537 ZAR

25p ordinary

 CFD

Decreasing Short

80,464

1.1039 GBP

25p ordinary

 CFD

Decreasing Short

117,365

1.0841 GBP

25p ordinary

 CFD

Decreasing Short

117,721

22.6053 ZAR

25p ordinary

 SWAP

Increasing Long

921

22.7500 ZAR

25p ordinary

 SWAP

Increasing Long

1,325

22.7800 ZAR

25p ordinary

 SWAP

Increasing Long

10,101

22.6977 ZAR

25p ordinary

 SWAP

Increasing Long

11,325

22.5325 ZAR

25p ordinary

 SWAP

Increasing Long

15,686

22.5537 ZAR

25p ordinary

 SWAP

Increasing Long

18,177

1.0818 GBP

25p ordinary

 SWAP

Increasing Long

101,588

1.1009 GBP

25p ordinary

 SWAP

Increasing Long

117,721

22.5986 ZAR

25p ordinary

 SWAP

Increasing Long

242,829

1.1026 GBP

25p ordinary

 SWAP

Increasing Long

321,301

1.1018 GBP

25p ordinary

 SWAP

Increasing Short

921

22.7500 ZAR

25p ordinary

 SWAP

Increasing Short

970

1.0854 GBP

25p ordinary

 SWAP

Increasing Short

2,000

1.0700 GBP

25p ordinary

 SWAP

Opening Short

750

1.0754 GBP

25p ordinary

 SWAP

Opening Long

750

1.0898 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:

3 Nov 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213