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:

26 October 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:

9,858,866

1.16%

4,041,579

0.47%

(2)

Cash-settled derivatives:

4,215,319

0.50%

9,639,444

1.13%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

14,074,185

1.65%

13,681,023

1.61%

(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

882,226

1.0585 GBP

1.039 GBP

25p ordinary

Sale

443,372

1.0590 GBP

1.027 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

744

21.9455 ZAR

25p ordinary

 SWAP

Decreasing Long

19,777

21.7466 ZAR

25p ordinary

 SWAP

Decreasing Long

20,403

1.0543 GBP

25p ordinary

 SWAP

Decreasing Long

28,679

22.1373 ZAR

25p ordinary

 SWAP

Decreasing Long

31,344

1.0465 GBP

25p ordinary

 SWAP

Decreasing Long

35,400

1.0538 GBP

25p ordinary

 SWAP

Decreasing Long

43,505

1.0559 GBP

25p ordinary

 SWAP

Decreasing Long

66,204

1.0490 GBP

25p ordinary

 SWAP

Decreasing Long

258,413

22.0890 ZAR

25p ordinary

 SWAP

Decreasing Short

750

1.0541 GBP

25p ordinary

 SWAP

Decreasing Short

1,250

1.0398 GBP

25p ordinary

 CFD

Increasing Short

11

1.0490 GBP

25p ordinary

 SWAP

Increasing Short

744

21.9455 ZAR

25p ordinary

 SWAP

Increasing Short

852

1.0504 GBP

25p ordinary

 CFD

Increasing Short

3,327

21.6702 ZAR

25p ordinary

 SWAP

Increasing Short

4,093

1.0274 GBP

25p ordinary

 CFD

Increasing Short

14,791

22.5709 ZAR

25p ordinary

 SWAP

Increasing Short

14,791

22.5800 ZAR

25p ordinary

 CFD

Increasing Short

15,429

1.0417 GBP

25p ordinary

 CFD

Increasing Short

15,469

22.5515 ZAR

25p ordinary

 CFD

Increasing Short

16,568

1.0589 GBP

25p ordinary

 CFD

Increasing Short

19,777

21.7532 ZAR

25p ordinary

 SWAP

Increasing Short

28,679

22.1373 ZAR

25p ordinary

 SWAP

Increasing Short

41,102

1.0458 GBP

25p ordinary

 SWAP

Increasing Short

45,000

1.0549 GBP

25p ordinary

 CFD

Increasing Short

103,938

1.0490 GBP

25p ordinary

 CFD

Increasing Short

254,065

1.0542 GBP

25p ordinary

 CFD

Increasing Short

258,413

22.0823 ZAR

25p ordinary

 SWAP

Opening Short

23,514

1.0471 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:

27 Oct 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213