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:

18 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:

10,279,120

1.21%

6,167,918

0.72%

(2)

Cash-settled derivatives:

6,051,603

0.71%

9,293,100

1.09%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,330,723

1.92%

15,461,018

1.82%

(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

187,749

1.1140 GBP

1.098 GBP

25p ordinary

Sale

394,592

1.1140 GBP

1.096 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

575

22.7800 ZAR

25p ordinary

 SWAP

Decreasing Long

3,304

22.2000 ZAR

25p ordinary

 SWAP

Decreasing Long

8,348

22.4934 ZAR

25p ordinary

 SWAP

Decreasing Short

281

1.1036 GBP

25p ordinary

 SWAP

Decreasing Short

341

1.1010 GBP

25p ordinary

 SWAP

Decreasing Short

382

1.1024 GBP

25p ordinary

 SWAP

Decreasing Short

1,396

1.1085 GBP

25p ordinary

 SWAP

Decreasing Short

2,238

1.1030 GBP

25p ordinary

 SWAP

Decreasing Short

2,865

1.1139 GBP

25p ordinary

 SWAP

Decreasing Short

3,174

1.1023 GBP

25p ordinary

 SWAP

Decreasing Short

3,304

22.2000 ZAR

25p ordinary

 SWAP

Decreasing Short

8,348

22.4934 ZAR

25p ordinary

 SWAP

Decreasing Short

129,140

1.0995 GBP

25p ordinary

 CFD

Increasing Long

4

1.1100 GBP

25p ordinary

 SWAP

Increasing Long

360

1.1050 GBP

25p ordinary

 SWAP

Increasing Long

541

1.1087 GBP

25p ordinary

 SWAP

Increasing Long

541

1.1088 GBP

25p ordinary

 SWAP

Increasing Long

1,036

1.0990 GBP

25p ordinary

 CFD

Increasing Long

2,300

22.7737 ZAR

25p ordinary

 SWAP

Increasing Long

2,741

1.1133 GBP

25p ordinary

 SWAP

Increasing Long

5,030

1.0975 GBP

25p ordinary

 SWAP

Increasing Long

6,687

22.7532 ZAR

25p ordinary

 SWAP

Increasing Long

16,934

1.1140 GBP

25p ordinary

 CFD

Increasing Long

19,508

1.1011 GBP

25p ordinary

 CFD

Increasing Long

20,284

1.1038 GBP

25p ordinary

 CFD

Increasing Long

20,284

1.1139 GBP

25p ordinary

 CFD

Increasing Long

26,748

22.7464 ZAR

25p ordinary

 CFD

Increasing Long

30,536

1.1051 GBP

25p ordinary

 CFD

Increasing Long

35,076

1.1056 GBP

25p ordinary

 SWAP

Increasing Long

49,354

22.6758 ZAR

25p ordinary

 SWAP

Increasing Long

73,789

1.1016 GBP

25p ordinary

 CFD

Increasing Long

80,576

1.1139 GBP

25p ordinary

 SWAP

Increasing Long

129,140

1.0995 GBP

25p ordinary

 CFD

Increasing Long

190,176

1.1011 GBP

25p ordinary

 CFD

Increasing Long

197,416

22.6826 ZAR

25p ordinary

 CFD

Increasing Long

440,124

1.1060 GBP

25p ordinary

 CFD

Increasing Short

4

1.1100 GBP

25p ordinary

 SWAP

Increasing Short

1,200

1.1018 GBP

25p ordinary

 CFD

Increasing Short

2,300

22.7737 ZAR

25p ordinary

 SWAP

Increasing Short

3,000

1.1050 GBP

25p ordinary

 SWAP

Increasing Short

16,934

1.1140 GBP

25p ordinary

 SWAP

Increasing Short

17,177

1.1024 GBP

25p ordinary

 CFD

Increasing Short

19,508

1.1011 GBP

25p ordinary

 CFD

Increasing Short

20,284

1.1038 GBP

25p ordinary

 CFD

Increasing Short

20,284

1.1139 GBP

25p ordinary

 CFD

Increasing Short

26,748

22.7464 ZAR

25p ordinary

 CFD

Increasing Short

30,536

1.1051 GBP

25p ordinary

 CFD

Increasing Short

35,076

1.1056 GBP

25p ordinary

 CFD

Increasing Short

80,576

1.1139 GBP

25p ordinary

 CFD

Increasing Short

190,176

1.1011 GBP

25p ordinary

 CFD

Increasing Short

197,416

22.6826 ZAR

25p ordinary

 CFD

Increasing Short

440,124

1.1060 GBP

25p ordinary

 CFD

Opening Long

4

1.1100 GBP

25p ordinary

 CFD

Opening Long

2,300

22.7737 ZAR

25p ordinary

 CFD

Opening Long

19,508

1.1011 GBP

25p ordinary

 CFD

Opening Long

20,284

1.1038 GBP

25p ordinary

 CFD

Opening Long

20,284

1.1139 GBP

25p ordinary

 CFD

Opening Long

26,748

22.7464 ZAR

25p ordinary

 CFD

Opening Long

30,536

1.1051 GBP

25p ordinary

 CFD

Opening Long

35,076

1.1056 GBP

25p ordinary

 CFD

Opening Long

80,576

1.1139 GBP

25p ordinary

 CFD

Opening Long

190,176

1.1011 GBP

25p ordinary

 CFD

Opening Long

197,416

22.6826 ZAR

25p ordinary

 CFD

Opening Long

440,124

1.1060 GBP

25p ordinary

 CFD

Opening Short

4

1.1100 GBP

25p ordinary

 CFD

Opening Short

2,300

22.7737 ZAR

25p ordinary

 CFD

Opening Short

19,508

1.1011 GBP

25p ordinary

 CFD

Opening Short

20,284

1.1038 GBP

25p ordinary

 CFD

Opening Short

20,284

1.1139 GBP

25p ordinary

 CFD

Opening Short

26,748

22.7464 ZAR

25p ordinary

 CFD

Opening Short

30,536

1.1051 GBP

25p ordinary

 CFD

Opening Short

35,076

1.1056 GBP

25p ordinary

 CFD

Opening Short

80,576

1.1139 GBP

25p ordinary

 CFD

Opening Short

190,176

1.1011 GBP

25p ordinary

 CFD

Opening Short

197,416

22.6826 ZAR

25p ordinary

 CFD

Opening Short

440,124

1.1060 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:

21 Nov 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213