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:

12 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:

4,011,861

0.47%

5,518,737

0.65%

(2)

Cash-settled derivatives:

22,495,758

2.64%

3,109,387

0.37%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

26,507,619

3.11%

8,628,124

1.01%

(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

777,017

1.5958 GBP

1.5798 GBP

25p ordinary

Sale

353,555

1.5990 GBP

1.5792 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

372

1.5815 GBP

25p ordinary

 SWAP

Decreasing Long

1,935

1.5812 GBP

25p ordinary

 SWAP

Decreasing Long

2,000

1.5810 GBP

25p ordinary

 SWAP

Decreasing Long

3,822

1.5837 GBP

25p ordinary

 SWAP

Decreasing Long

6,205

1.5831 GBP

25p ordinary

 SWAP

Decreasing Long

8,974

1.5873 GBP

25p ordinary

 SWAP

Decreasing Long

14,029

1.5854 GBP

25p ordinary

 SWAP

Decreasing Long

68,592

1.5839 GBP

25p ordinary

 SWAP

Decreasing Long

507,399

1.5890 GBP

25p ordinary

 CFD

Decreasing Short

2,712

31.3700 ZAR

25p ordinary

 CFD

Decreasing Short

2,712

31.3700 ZAR

25p ordinary

 SWAP

Decreasing Short

3,489

1.5962 GBP

25p ordinary

 SWAP

Decreasing Short

3,728

1.5877 GBP

25p ordinary

 CFD

Decreasing Short

3,984

31.1185 ZAR

25p ordinary

 SWAP

Decreasing Short

6,173

1.5947 GBP

25p ordinary

 SWAP

Decreasing Short

8,342

1.5889 GBP

25p ordinary

 SWAP

Decreasing Short

12,728

31.3053 ZAR

25p ordinary

 SWAP

Decreasing Short

16,066

1.5893 GBP

25p ordinary

 CFD

Decreasing Short

16,132

31.2225 ZAR

25p ordinary

 SWAP

Decreasing Short

18,438

1.5823 GBP

25p ordinary

 CFD

Decreasing Short

19,356

31.3121 ZAR

25p ordinary

 SWAP

Decreasing Short

19,373

1.5852 GBP

25p ordinary

 SWAP

Decreasing Short

26,552

1.5792 GBP

25p ordinary

 CFD

Decreasing Short

35,492

1.5888 GBP

25p ordinary

 CFD

Decreasing Short

46,208

1.5841 GBP

25p ordinary

 CFD

Decreasing Short

73,084

1.5953 GBP

25p ordinary

 CFD

Decreasing Short

78,352

31.5449 ZAR

25p ordinary

 CFD

Decreasing Short

90,148

31.2820 ZAR

25p ordinary

 CFD

Decreasing Short

131,268

1.5855 GBP

25p ordinary

 CFD

Decreasing Short

140,232

1.5806 GBP

25p ordinary

 CFD

Decreasing Short

145,500

31.2115 ZAR

25p ordinary

 CFD

Decreasing Short

275,212

1.5879 GBP

25p ordinary

 SWAP

Increasing Long

539

31.3700 ZAR

25p ordinary

 CFD

Increasing Long

2,712

31.3700 ZAR

25p ordinary

 CFD

Increasing Long

2,712

31.3700 ZAR

25p ordinary

 CFD

Increasing Long

3,984

31.1185 ZAR

25p ordinary

 SWAP

Increasing Long

12,728

31.3053 ZAR

25p ordinary

 CFD

Increasing Long

16,132

31.2225 ZAR

25p ordinary

 CFD

Increasing Long

19,356

31.3121 ZAR

25p ordinary

 SWAP

Increasing Long

19,588

31.5543 ZAR

25p ordinary

 SWAP

Increasing Long

26,552

1.5792 GBP

25p ordinary

 CFD

Increasing Long

35,492

1.5888 GBP

25p ordinary

 SWAP

Increasing Long

36,375

31.2021 ZAR

25p ordinary

 CFD

Increasing Long

46,208

1.5841 GBP

25p ordinary

 CFD

Increasing Long

73,084

1.5953 GBP

25p ordinary

 CFD

Increasing Long

78,352

31.5449 ZAR

25p ordinary

 CFD

Increasing Long

90,148

31.2820 ZAR

25p ordinary

 CFD

Increasing Long

131,268

1.5855 GBP

25p ordinary

 CFD

Increasing Long

140,232

1.5806 GBP

25p ordinary

 CFD

Increasing Long

145,500

31.2115 ZAR

25p ordinary

 CFD

Increasing Long

275,212

1.5879 GBP

25p ordinary

 SWAP

Increasing Short

539

31.3700 ZAR

25p ordinary

 SWAP

Increasing Short

700

1.5876 GBP

25p ordinary

 CFD

Increasing Short

1,361

1.5840 GBP

25p ordinary

 CFD

Opening Long

2,712

31.3700 ZAR

25p ordinary

 CFD

Opening Long

2,712

31.3700 ZAR

25p ordinary

 CFD

Opening Long

3,984

31.1185 ZAR

25p ordinary

 CFD

Opening Long

16,132

31.2225 ZAR

25p ordinary

 CFD

Opening Long

19,356

31.3121 ZAR

25p ordinary

 CFD

Opening Long

35,492

1.5888 GBP

25p ordinary

 CFD

Opening Long

46,208

1.5841 GBP

25p ordinary

 CFD

Opening Long

73,084

1.5953 GBP

25p ordinary

 CFD

Opening Long

78,352

31.5449 ZAR

25p ordinary

 CFD

Opening Long

90,148

31.2820 ZAR

25p ordinary

 CFD

Opening Long

131,268

1.5855 GBP

25p ordinary

 CFD

Opening Long

140,232

1.5806 GBP

25p ordinary

 CFD

Opening Long

145,500

31.2115 ZAR

25p ordinary

 CFD

Opening Long

275,212

1.5879 GBP

25p ordinary

 SWAP

Opening Short

1,250

1.6101 GBP

25p ordinary

 CFD

Opening Short

2,712

31.3700 ZAR

25p ordinary

 CFD

Opening Short

2,712

31.3700 ZAR

25p ordinary

 CFD

Opening Short

3,984

31.1185 ZAR

25p ordinary

 CFD

Opening Short

16,132

31.2225 ZAR

25p ordinary

 CFD

Opening Short

19,356

31.3121 ZAR

25p ordinary

 CFD

Opening Short

35,492

1.5888 GBP

25p ordinary

 CFD

Opening Short

46,208

1.5841 GBP

25p ordinary

 CFD

Opening Short

73,084

1.5953 GBP

25p ordinary

 CFD

Opening Short

78,352

31.5449 ZAR

25p ordinary

 CFD

Opening Short

90,148

31.2820 ZAR

25p ordinary

 CFD

Opening Short

131,268

1.5855 GBP

25p ordinary

 CFD

Opening Short

140,232

1.5806 GBP

25p ordinary

 CFD

Opening Short

145,500

31.2115 ZAR

25p ordinary

 CFD

Opening Short

275,212

1.5879 GBP

25p ordinary

 SWAP

Opening Short

507,399

1.5890 GBP

25p ordinary

 SWAP

Opening Long

1,250

1.5988 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:

13 May 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213