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:

14 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:

8,549,731

1.00%

7,293,952

0.86%

(2) Cash-settled derivatives:

7,446,657

0.87%

7,125,503

0.84%

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

0

0.00%

0

0.00%

TOTAL: 

15,996,388

1.88%

14,419,455

1.69%

(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

356359

1.2580 GBP

1.2480 GBP

25p ordinary

Sale

255593

1.2580 GBP

1.2330 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

Closing Long

16,385

26.9831 ZAR

25p ordinary

CFD

Decreasing Long

30

1.2540 GBP

25p ordinary

SWAP

Decreasing Long

135

27.2300 ZAR

25p ordinary

SWAP

Decreasing Long

844

1.2530 GBP

25p ordinary

SWAP

Decreasing Long

1,610

1.2520 GBP

25p ordinary

SWAP

Decreasing Long

2,535

1.2504 GBP

25p ordinary

SWAP

Decreasing Long

2,781

1.2503 GBP

25p ordinary

SWAP

Decreasing Long

3,848

27.2358 ZAR

25p ordinary

CFD

Decreasing Long

5,208

1.2479 GBP

25p ordinary

SWAP

Decreasing Long

12,002

27.2587 ZAR

25p ordinary

CFD

Decreasing Long

18,910

1.2480 GBP

25p ordinary

SWAP

Decreasing Long

26,883

1.2480 GBP

25p ordinary

SWAP

Decreasing Long

43,675

1.2510 GBP

25p ordinary

CFD

Decreasing Long

199,231

1.2554 GBP

25p ordinary

SWAP

Decreasing Long

201,234

27.2055 ZAR

25p ordinary

SWAP

Decreasing Short

135

27.2300 ZAR

25p ordinary

CFD

Decreasing Short

911

27.2114 ZAR

25p ordinary

SWAP

Decreasing Short

3,120

1.2519 GBP

25p ordinary

CFD

Decreasing Short

3,848

27.2283 ZAR

25p ordinary

SWAP

Decreasing Short

8,539

1.2537 GBP

25p ordinary

CFD

Decreasing Short

12,002

27.2512 ZAR

25p ordinary

SWAP

Decreasing Short

16,000

1.2540 GBP

25p ordinary

CFD

Decreasing Short

201,234

27.1974 ZAR

25p ordinary

SWAP

Increasing Long

162

1.2480 GBP

25p ordinary

CFD

Increasing Long

424

1.2399 GBP

25p ordinary

CFD

Increasing Long

1,187

1.2463 GBP

25p ordinary

SWAP

Increasing Long

2,427

26.6034 ZAR

25p ordinary

SWAP

Increasing Long

2,714

27.2281 ZAR

25p ordinary

CFD

Increasing Long

5,238

1.2536 GBP

25p ordinary

SWAP

Increasing Long

5,454

1.2558 GBP

25p ordinary

SWAP

Increasing Long

6,303

27.1700 ZAR

25p ordinary

SWAP

Increasing Long

6,988

26.4873 ZAR

25p ordinary

CFD

Increasing Long

11,377

1.2556 GBP

25p ordinary

SWAP

Increasing Long

13,931

1.2556 GBP

25p ordinary

SWAP

Increasing Long

16,385

26.9831 ZAR

25p ordinary

CFD

Increasing Long

36,180

1.2449 GBP

25p ordinary

SWAP

Increasing Long

89,887

1.2535 GBP

25p ordinary

SWAP

Increasing Short

200

1.2340 GBP

25p ordinary

SWAP

Increasing Short

1,045

1.2540 GBP

25p ordinary

CFD

Increasing Short

2,427

26.6114 ZAR

25p ordinary

CFD

Increasing Short

2,714

27.2356 ZAR

25p ordinary

CFD

Increasing Short

6,303

27.1774 ZAR

25p ordinary

CFD

Increasing Short

6,988

26.4946 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:

15 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213