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 relevant securities this form relates:

CAPITAL & COUNTIES PROPERTIES PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

Capital & Counties Properties plc

(d)

Date position held/dealing undertaken:

22 Feb 2023

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: 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:

6,787,409

0.80%

6,788,097

0.80%

(2) Cash-settled derivatives:

6,967,320

0.82%

5,392,973

0.63%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

13,754,729

1.62%

12,181,070

1.43%

(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)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

25p ordinary

Purchase

531607

1.2518 GBP

1.2345 GBP

25p ordinary

Sale

1812537

1.2550 GBP

1.2344 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

25p ordinary

SWAP

Decreasing Long

269

1.2500 GBP

25p ordinary

SWAP

Decreasing Long

349

1.2510 GBP

25p ordinary

SWAP

Decreasing Long

461

1.2440 GBP

25p ordinary

SWAP

Decreasing Long

517

27.5006 ZAR

25p ordinary

SWAP

Decreasing Long

677

27.7012 ZAR

25p ordinary

SWAP

Decreasing Long

840

27.6200 ZAR

25p ordinary

SWAP

Decreasing Long

1,672

27.4994 ZAR

25p ordinary

CFD

Decreasing Long

2,609

1.2440 GBP

25p ordinary

SWAP

Decreasing Long

4,401

27.6278 ZAR

25p ordinary

CFD

Decreasing Long

6,749

1.2399 GBP

25p ordinary

SWAP

Decreasing Long

8,812

27.4622 ZAR

25p ordinary

SWAP

Decreasing Long

8,965

27.4400 ZAR

25p ordinary

SWAP

Decreasing Long

8,965

27.4400 ZAR

25p ordinary

SWAP

Decreasing Long

9,385

27.7012 ZAR

25p ordinary

SWAP

Decreasing Long

12,122

27.4996 ZAR

25p ordinary

SWAP

Decreasing Long

40,340

1.2492 GBP

25p ordinary

SWAP

Decreasing Short

840

27.6200 ZAR

25p ordinary

SWAP

Decreasing Short

1,561

1.2498 GBP

25p ordinary

CFD

Decreasing Short

4,180

27.4009 ZAR

25p ordinary

CFD

Decreasing Short

4,401

27.6202 ZAR

25p ordinary

SWAP

Decreasing Short

5,220

1.2494 GBP

25p ordinary

SWAP

Decreasing Short

6,819

1.2508 GBP

25p ordinary

SWAP

Decreasing Short

7,458

1.2536 GBP

25p ordinary

CFD

Decreasing Short

8,812

27.4540 ZAR

25p ordinary

CFD

Decreasing Short

9,270

27.5016 ZAR

25p ordinary

SWAP

Decreasing Short

10,669

1.2509 GBP

25p ordinary

SWAP

Decreasing Short

11,965

1.2502 GBP

25p ordinary

SWAP

Decreasing Short

22,702

1.2468 GBP

25p ordinary

SWAP

Decreasing Short

76,807

1.2543 GBP

25p ordinary

SWAP

Decreasing Short

112,866

1.2447 GBP

25p ordinary

SWAP

Decreasing Short

217,676

1.2462 GBP

25p ordinary

SWAP

Decreasing Short

263,491

1.2464 GBP

25p ordinary

SWAP

Decreasing Short

284,579

1.2461 GBP

25p ordinary

CFD

Increasing Long

3

1.2433 GBP

25p ordinary

SWAP

Increasing Long

517

27.5006 ZAR

25p ordinary

SWAP

Increasing Long

1,122

1.2431 GBP

25p ordinary

SWAP

Increasing Long

1,672

27.4994 ZAR

25p ordinary

CFD

Increasing Long

2,609

1.2430 GBP

25p ordinary

SWAP

Increasing Long

3,406

27.4466 ZAR

25p ordinary

CFD

Increasing Long

8,061

1.2418 GBP

25p ordinary

CFD

Increasing Long

9,349

1.2429 GBP

25p ordinary

SWAP

Increasing Long

10,062

27.7012 ZAR

25p ordinary

SWAP

Increasing Long

10,656

27.3100 ZAR

25p ordinary

SWAP

Increasing Long

12,122

27.4996 ZAR

25p ordinary

SWAP

Increasing Long

17,930

27.4400 ZAR

25p ordinary

SWAP

Increasing Long

25,556

1.2450 GBP

25p ordinary

SWAP

Increasing Long

30,840

27.6508 ZAR

25p ordinary

SWAP

Increasing Long

54,201

1.2449 GBP

25p ordinary

CFD

Increasing Long

95,128

1.2497 GBP

25p ordinary

SWAP

Increasing Long

287,397

1.2493 GBP

25p ordinary

SWAP

Increasing Short

1

27.3100 ZAR

25p ordinary

SWAP

Increasing Short

284

1.2501 GBP

25p ordinary

SWAP

Increasing Short

563

1.2519 GBP

25p ordinary

CFD

Increasing Short

3,406

27.4541 ZAR

25p ordinary

SWAP

Increasing Short

4,227

1.2460 GBP

25p ordinary

SWAP

Increasing Short

4,364

1.2465 GBP

25p ordinary

SWAP

Increasing Short

5,984

1.2477 GBP

25p ordinary

SWAP

Increasing Short

7,288

1.2493 GBP

25p ordinary

CFD

Increasing Short

10,655

27.3209 ZAR

25p ordinary

SWAP

Increasing Short

23,000

1.2425 GBP

25p ordinary

CFD

Increasing Short

30,840

27.6591 ZAR

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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:

23 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213