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:

17 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:

4,042,668

0.47%

5,752,355

0.68%

(2)

Cash-settled derivatives:

24,295,126

2.85%

3,191,265

0.37%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

28,337,794

3.33%

8,943,620

1.05%

(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

288,281

1.6570 GBP

1.6236 GBP

25p ordinary

Sale

207,251

1.6549 GBP

1.623 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

449

32.9400 ZAR

25p ordinary

 SWAP

Decreasing Long

907

32.2100 ZAR

25p ordinary

 SWAP

Decreasing Long

2,051

1.6209 GBP

25p ordinary

 SWAP

Decreasing Long

2,520

1.6330 GBP

25p ordinary

 SWAP

Decreasing Long

2,874

32.5106 ZAR

25p ordinary

 SWAP

Decreasing Long

2,943

1.6265 GBP

25p ordinary

 SWAP

Decreasing Long

4,006

1.6219 GBP

25p ordinary

 SWAP

Decreasing Long

37,531

1.6285 GBP

25p ordinary

 SWAP

Decreasing Short

449

32.9400 ZAR

25p ordinary

 SWAP

Decreasing Short

907

32.2100 ZAR

25p ordinary

 SWAP

Decreasing Short

2,874

32.5106 ZAR

25p ordinary

 SWAP

Decreasing Short

4,687

32.3690 ZAR

25p ordinary

 CFD

Increasing Long

1,248

32.5276 ZAR

25p ordinary

 CFD

Increasing Long

1,756

1.6330 GBP

25p ordinary

 CFD

Increasing Long

2,220

32.2100 ZAR

25p ordinary

 CFD

Increasing Long

2,220

32.2100 ZAR

25p ordinary

 SWAP

Increasing Long

4,687

32.3690 ZAR

25p ordinary

 SWAP

Increasing Long

12,000

1.6299 GBP

25p ordinary

 CFD

Increasing Long

14,108

1.6328 GBP

25p ordinary

 SWAP

Increasing Long

20,198

32.7867 ZAR

25p ordinary

 CFD

Increasing Long

23,936

32.7215 ZAR

25p ordinary

 CFD

Increasing Long

26,272

1.6265 GBP

25p ordinary

 SWAP

Increasing Long

28,521

32.9288 ZAR

25p ordinary

 CFD

Increasing Long

44,012

32.4523 ZAR

25p ordinary

 CFD

Increasing Long

74,200

1.6444 GBP

25p ordinary

 CFD

Increasing Long

80,792

32.7768 ZAR

25p ordinary

 CFD

Increasing Long

107,492

1.6501 GBP

25p ordinary

 CFD

Increasing Long

114,084

32.9387 ZAR

25p ordinary

 SWAP

Increasing Short

1,228

1.6331 GBP

25p ordinary

 CFD

Increasing Short

1,248

32.5276 ZAR

25p ordinary

 CFD

Increasing Short

1,756

1.6330 GBP

25p ordinary

 CFD

Increasing Short

2,220

32.2100 ZAR

25p ordinary

 CFD

Increasing Short

2,220

32.2100 ZAR

25p ordinary

 SWAP

Increasing Short

2,500

1.6416 GBP

25p ordinary

 CFD

Increasing Short

14,108

1.6328 GBP

25p ordinary

 SWAP

Increasing Short

19,137

1.6417 GBP

25p ordinary

 CFD

Increasing Short

23,936

32.7215 ZAR

25p ordinary

 CFD

Increasing Short

26,272

1.6265 GBP

25p ordinary

 CFD

Increasing Short

44,012

32.4523 ZAR

25p ordinary

 CFD

Increasing Short

74,200

1.6444 GBP

25p ordinary

 CFD

Increasing Short

80,792

32.7768 ZAR

25p ordinary

 CFD

Increasing Short

107,492

1.6501 GBP

25p ordinary

 CFD

Increasing Short

114,084

32.9387 ZAR

25p ordinary

 CFD

Opening Long

1,248

32.5276 ZAR

25p ordinary

 CFD

Opening Long

1,756

1.6330 GBP

25p ordinary

 CFD

Opening Long

2,220

32.2100 ZAR

25p ordinary

 CFD

Opening Long

2,220

32.2100 ZAR

25p ordinary

 CFD

Opening Long

14,108

1.6328 GBP

25p ordinary

 CFD

Opening Long

23,936

32.7215 ZAR

25p ordinary

 CFD

Opening Long

26,272

1.6265 GBP

25p ordinary

 CFD

Opening Long

44,012

32.4523 ZAR

25p ordinary

 CFD

Opening Long

74,200

1.6444 GBP

25p ordinary

 CFD

Opening Long

80,792

32.7768 ZAR

25p ordinary

 CFD

Opening Long

107,492

1.6501 GBP

25p ordinary

 CFD

Opening Long

114,084

32.9387 ZAR

25p ordinary

 CFD

Opening Short

1,248

32.5276 ZAR

25p ordinary

 CFD

Opening Short

1,756

1.6330 GBP

25p ordinary

 CFD

Opening Short

2,220

32.2100 ZAR

25p ordinary

 CFD

Opening Short

2,220

32.2100 ZAR

25p ordinary

 SWAP

Opening Short

5,859

1.6440 GBP

25p ordinary

 SWAP

Opening Short

9,838

1.6393 GBP

25p ordinary

 SWAP

Opening Short

10,320

1.6323 GBP

25p ordinary

 CFD

Opening Short

14,108

1.6328 GBP

25p ordinary

 SWAP

Opening Short

16,708

1.6409 GBP

25p ordinary

 CFD

Opening Short

23,936

32.7215 ZAR

25p ordinary

 CFD

Opening Short

26,272

1.6265 GBP

25p ordinary

 CFD

Opening Short

44,012

32.4523 ZAR

25p ordinary

 SWAP

Opening Short

54,317

1.6358 GBP

25p ordinary

 CFD

Opening Short

74,200

1.6444 GBP

25p ordinary

 CFD

Opening Short

80,792

32.7768 ZAR

25p ordinary

 CFD

Opening Short

107,492

1.6501 GBP

25p ordinary

 CFD

Opening Short

114,084

32.9387 ZAR

(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:

18 May 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213