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:

15 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:

10,265,140

1.21%

5,743,830

0.67%

(2)

Cash-settled derivatives:

5,599,779

0.66%

9,303,879

1.09%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,864,919

1.86%

15,047,709

1.77%

(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

447,968

1.1170 GBP

1.0957 GBP

25p ordinary

Sale

277,344

1.1150 GBP

1.0968 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

22

1.0950 GBP

25p ordinary

 SWAP

Decreasing Long

68

1.0990 GBP

25p ordinary

 SWAP

Decreasing Long

90

1.0998 GBP

25p ordinary

 SWAP

Decreasing Long

2,916

1.1091 GBP

25p ordinary

 SWAP

Decreasing Long

4,576

22.5344 ZAR

25p ordinary

 SWAP

Decreasing Long

8,323

23.0300 ZAR

25p ordinary

 SWAP

Decreasing Long

17,245

22.8968 ZAR

25p ordinary

 SWAP

Decreasing Long

23,033

1.1049 GBP

25p ordinary

 SWAP

Decreasing Long

55,622

1.1012 GBP

25p ordinary

 SWAP

Decreasing Long

68,611

1.1009 GBP

25p ordinary

 SWAP

Decreasing Short

309

1.1087 GBP

25p ordinary

 SWAP

Decreasing Short

381

1.1045 GBP

25p ordinary

 SWAP

Decreasing Short

422

1.0964 GBP

25p ordinary

 SWAP

Decreasing Short

584

23.0300 ZAR

25p ordinary

 SWAP

Decreasing Short

959

1.0989 GBP

25p ordinary

 SWAP

Decreasing Short

1,741

1.1109 GBP

25p ordinary

 SWAP

Decreasing Short

1,791

1.0969 GBP

25p ordinary

 SWAP

Decreasing Short

2,042

1.1075 GBP

25p ordinary

 CFD

Decreasing Short

2,456

22.7445 ZAR

25p ordinary

 CFD

Decreasing Short

4,576

22.5411 ZAR

25p ordinary

 CFD

Decreasing Short

6,322

22.8812 ZAR

25p ordinary

 CFD

Decreasing Short

7,589

1.1131 GBP

25p ordinary

 CFD

Decreasing Short

7,739

23.0207 ZAR

25p ordinary

 CFD

Decreasing Short

16,741

1.1133 GBP

25p ordinary

 CFD

Decreasing Short

17,245

22.8900 ZAR

25p ordinary

 CFD

Decreasing Short

26,086

1.0989 GBP

25p ordinary

 CFD

Decreasing Short

26,086

1.1120 GBP

25p ordinary

 CFD

Decreasing Short

34,668

1.0990 GBP

25p ordinary

 CFD

Decreasing Short

111,550

1.1027 GBP

25p ordinary

 SWAP

Increasing Short

500

1.1171 GBP

25p ordinary

 SWAP

Increasing Short

1,200

1.1035 GBP

25p ordinary

 SWAP

Increasing Short

22,930

1.1044 GBP

25p ordinary

 SWAP

Opening Long

124

1.1071 GBP

25p ordinary

 SWAP

Opening Long

642

1.0971 GBP

25p ordinary

 SWAP

Opening Long

748

1.0961 GBP

25p ordinary

 SWAP

Closing Short

1,741

1.1109 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:

16 Nov 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213