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:

31 May 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:

4,234,161

0.50%

5,767,524

0.68%

(2)

Cash-settled derivatives:

25,984,043

3.05%

3,388,431

0.40%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

30,218,204

3.55%

9,155,955

1.08%

(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

86,465

1.6260 GBP

1.619 GBP

25p ordinary

Sale

250,332

1.6260 GBP

1.6178 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

194

31.7954 ZAR

25p ordinary

 SWAP

Decreasing Long

243

31.7948 ZAR

25p ordinary

 SWAP

Decreasing Long

246

31.7946 ZAR

25p ordinary

 SWAP

Decreasing Long

288

31.7931 ZAR

25p ordinary

 SWAP

Decreasing Long

346

31.7936 ZAR

25p ordinary

 SWAP

Decreasing Long

732

31.8615 ZAR

25p ordinary

 SWAP

Decreasing Long

1,416

31.7941 ZAR

25p ordinary

 SWAP

Decreasing Long

1,922

31.8564 ZAR

25p ordinary

 SWAP

Decreasing Long

3,721

31.7302 ZAR

25p ordinary

 SWAP

Decreasing Long

5,495

31.6908 ZAR

25p ordinary

 SWAP

Decreasing Long

10,955

31.8607 ZAR

25p ordinary

 CFD

Decreasing Long

14,996

31.6060 ZAR

25p ordinary

 SWAP

Decreasing Long

15,448

31.8611 ZAR

25p ordinary

 CFD

Decreasing Long

16,520

1.6188 GBP

25p ordinary

 CFD

Decreasing Long

21,980

31.7003 ZAR

25p ordinary

 CFD

Decreasing Long

41,348

1.6223 GBP

25p ordinary

 SWAP

Decreasing Long

61,350

31.7850 ZAR

25p ordinary

 SWAP

Decreasing Long

61,350

31.7850 ZAR

25p ordinary

 SWAP

Decreasing Long

66,103

31.8321 ZAR

25p ordinary

 CFD

Decreasing Long

143,520

1.6248 GBP

25p ordinary

 CFD

Decreasing Long

258,952

1.6204 GBP

25p ordinary

 CFD

Decreasing Long

264,412

31.8226 ZAR

25p ordinary

 SWAP

Decreasing Short

47

1.6238 GBP

25p ordinary

 SWAP

Decreasing Short

51

1.6178 GBP

25p ordinary

 SWAP

Decreasing Short

76

1.6248 GBP

25p ordinary

 SWAP

Decreasing Short

76

1.6259 GBP

25p ordinary

 SWAP

Decreasing Short

96

1.6229 GBP

25p ordinary

 SWAP

Decreasing Short

152

1.6239 GBP

25p ordinary

 SWAP

Decreasing Short

182

1.6227 GBP

25p ordinary

 SWAP

Decreasing Short

194

31.7954 ZAR

25p ordinary

 SWAP

Decreasing Short

243

31.7948 ZAR

25p ordinary

 SWAP

Decreasing Short

246

31.7946 ZAR

25p ordinary

 SWAP

Decreasing Short

288

31.7931 ZAR

25p ordinary

 SWAP

Decreasing Short

346

31.7936 ZAR

25p ordinary

 SWAP

Decreasing Short

732

31.8615 ZAR

25p ordinary

 SWAP

Decreasing Short

900

1.6204 GBP

25p ordinary

 SWAP

Decreasing Short

1,178

1.6230 GBP

25p ordinary

 SWAP

Decreasing Short

1,416

31.7941 ZAR

25p ordinary

 SWAP

Decreasing Short

1,440

1.6250 GBP

25p ordinary

 SWAP

Decreasing Short

1,922

31.8564 ZAR

25p ordinary

 SWAP

Decreasing Short

2,500

1.6163 GBP

25p ordinary

 SWAP

Decreasing Short

6,836

1.6119 GBP

25p ordinary

 SWAP

Decreasing Short

10,955

31.8607 ZAR

25p ordinary

 SWAP

Decreasing Short

11,306

1.6152 GBP

25p ordinary

 CFD

Decreasing Short

14,996

31.6060 ZAR

25p ordinary

 SWAP

Decreasing Short

15,448

31.8611 ZAR

25p ordinary

 CFD

Decreasing Short

16,520

1.6188 GBP

25p ordinary

 CFD

Decreasing Short

21,980

31.7003 ZAR

25p ordinary

 SWAP

Decreasing Short

31,745

1.6230 GBP

25p ordinary

 CFD

Decreasing Short

41,348

1.6223 GBP

25p ordinary

 SWAP

Decreasing Short

61,350

31.7850 ZAR

25p ordinary

 SWAP

Decreasing Short

110,427

1.6237 GBP

25p ordinary

 CFD

Decreasing Short

143,520

1.6248 GBP

25p ordinary

 CFD

Decreasing Short

258,952

1.6204 GBP

25p ordinary

 CFD

Decreasing Short

264,412

31.8226 ZAR

25p ordinary

 SWAP

Increasing Long

523

31.8300 ZAR

25p ordinary

 SWAP

Increasing Long

777

1.6208 GBP

25p ordinary

 SWAP

Increasing Long

870

31.5995 ZAR

25p ordinary

 SWAP

Increasing Long

974

1.6240 GBP

25p ordinary

 SWAP

Increasing Long

1,103

1.6216 GBP

25p ordinary

 SWAP

Increasing Long

2,162

31.9000 ZAR

25p ordinary

 SWAP

Increasing Long

8,542

1.6249 GBP

25p ordinary

 SWAP

Increasing Long

9,116

1.6225 GBP

25p ordinary

 SWAP

Increasing Long

11,602

1.6266 GBP

25p ordinary

 SWAP

Increasing Short

523

31.8300 ZAR

25p ordinary

 SWAP

Increasing Short

870

31.5995 ZAR

25p ordinary

 SWAP

Increasing Short

1,973

1.6149 GBP

25p ordinary

 SWAP

Increasing Short

2,162

31.9000 ZAR

25p ordinary

 SWAP

Increasing Short

3,721

31.7302 ZAR

25p ordinary

 SWAP

Increasing Short

61,350

31.7850 ZAR

25p ordinary

 CFD

Opening Long

14,996

31.6060 ZAR

25p ordinary

 CFD

Opening Long

16,520

1.6188 GBP

25p ordinary

 CFD

Opening Long

21,980

31.7003 ZAR

25p ordinary

 CFD

Opening Long

41,348

1.6223 GBP

25p ordinary

 CFD

Opening Long

143,520

1.6248 GBP

25p ordinary

 CFD

Opening Long

258,952

1.6204 GBP

25p ordinary

 CFD

Opening Long

264,412

31.8226 ZAR

25p ordinary

 CFD

Opening Short

14,996

31.6060 ZAR

25p ordinary

 CFD

Opening Short

16,520

1.6188 GBP

25p ordinary

 CFD

Opening Short

21,980

31.7003 ZAR

25p ordinary

 CFD

Opening Short

41,348

1.6223 GBP

25p ordinary

 CFD

Opening Short

143,520

1.6248 GBP

25p ordinary

 CFD

Opening Short

258,952

1.6204 GBP

25p ordinary

 CFD

Opening Short

264,412

31.8226 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:

1 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213