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:

02 August 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:

8,934,553

1.05%

6,402,238

0.75%

(2)

Cash-settled derivatives:

9,471,100

1.11%

7,876,613

0.93%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,405,653

2.16%

14,278,851

1.68%

(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

297,679

1.4520 GBP

1.4375 GBP

25p ordinary

Sale

401,260

1.4630 GBP

1.439 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

12

1.4470 GBP

25p ordinary

 SWAP

Decreasing Long

13

28.9900 ZAR

25p ordinary

 SWAP

Decreasing Long

14

1.4390 GBP

25p ordinary

 SWAP

Decreasing Long

334

29.2500 ZAR

25p ordinary

 SWAP

Decreasing Long

1,399

29.1659 ZAR

25p ordinary

 SWAP

Decreasing Long

5,000

1.4440 GBP

25p ordinary

 SWAP

Decreasing Long

6,132

1.4590 GBP

25p ordinary

 SWAP

Decreasing Long

26,302

1.4417 GBP

25p ordinary

 SWAP

Decreasing Long

31,000

1.4420 GBP

25p ordinary

 SWAP

Decreasing Long

40,065

1.4429 GBP

25p ordinary

 SWAP

Decreasing Long

52,399

1.4428 GBP

25p ordinary

 SWAP

Decreasing Long

57,092

1.4510 GBP

25p ordinary

 SWAP

Decreasing Long

142,795

1.4430 GBP

25p ordinary

 SWAP

Decreasing Short

13

28.9900 ZAR

25p ordinary

 SWAP

Decreasing Short

334

29.2500 ZAR

25p ordinary

 SWAP

Decreasing Short

1,399

29.1659 ZAR

25p ordinary

 SWAP

Decreasing Short

2,252

29.2565 ZAR

25p ordinary

 SWAP

Decreasing Short

3,271

1.4486 GBP

25p ordinary

 SWAP

Decreasing Short

7,060

29.2800 ZAR

25p ordinary

 SWAP

Decreasing Short

142,795

1.4430 GBP

25p ordinary

 SWAP

Increasing Long

261

29.1819 ZAR

25p ordinary

 CFD

Increasing Long

544

29.2500 ZAR

25p ordinary

 CFD

Increasing Long

544

29.2500 ZAR

25p ordinary

 SWAP

Increasing Long

1,018

29.1814 ZAR

25p ordinary

 CFD

Increasing Long

1,380

1.4445 GBP

25p ordinary

 SWAP

Increasing Long

1,589

29.1808 ZAR

25p ordinary

 SWAP

Increasing Long

2,252

29.2565 ZAR

25p ordinary

 CFD

Increasing Long

2,316

29.2063 ZAR

25p ordinary

 SWAP

Increasing Long

4,142

29.1804 ZAR

25p ordinary

 CFD

Increasing Long

5,572

1.4389 GBP

25p ordinary

 SWAP

Increasing Long

7,060

29.2800 ZAR

25p ordinary

 SWAP

Increasing Long

7,060

29.2800 ZAR

25p ordinary

 SWAP

Increasing Long

12,002

29.1816 ZAR

25p ordinary

 CFD

Increasing Long

22,316

29.1091 ZAR

25p ordinary

 SWAP

Increasing Long

23,940

29.2284 ZAR

25p ordinary

 SWAP

Increasing Long

32,313

29.0986 ZAR

25p ordinary

 CFD

Increasing Long

91,716

1.4435 GBP

25p ordinary

 CFD

Increasing Long

95,760

29.2197 ZAR

25p ordinary

 CFD

Increasing Long

119,616

1.4486 GBP

25p ordinary

 CFD

Increasing Long

125,208

1.4404 GBP

25p ordinary

 CFD

Increasing Long

129,252

29.1073 ZAR

25p ordinary

 SWAP

Increasing Short

261

29.1819 ZAR

25p ordinary

 SWAP

Increasing Short

500

1.4581 GBP

25p ordinary

 CFD

Increasing Short

544

29.2500 ZAR

25p ordinary

 CFD

Increasing Short

544

29.2500 ZAR

25p ordinary

 SWAP

Increasing Short

1,018

29.1814 ZAR

25p ordinary

 CFD

Increasing Short

1,380

1.4445 GBP

25p ordinary

 SWAP

Increasing Short

1,589

29.1808 ZAR

25p ordinary

 SWAP

Increasing Short

1,800

1.4448 GBP

25p ordinary

 CFD

Increasing Short

2,316

29.2063 ZAR

25p ordinary

 SWAP

Increasing Short

4,142

29.1804 ZAR

25p ordinary

 CFD

Increasing Short

5,572

1.4389 GBP

25p ordinary

 SWAP

Increasing Short

7,060

29.2800 ZAR

25p ordinary

 SWAP

Increasing Short

12,002

29.1816 ZAR

25p ordinary

 CFD

Increasing Short

22,316

29.1091 ZAR

25p ordinary

 CFD

Increasing Short

91,716

1.4435 GBP

25p ordinary

 CFD

Increasing Short

95,760

29.2197 ZAR

25p ordinary

 CFD

Increasing Short

119,616

1.4486 GBP

25p ordinary

 CFD

Increasing Short

125,208

1.4404 GBP

25p ordinary

 CFD

Increasing Short

129,252

29.1073 ZAR

25p ordinary

 CFD

Opening Long

544

29.2500 ZAR

25p ordinary

 CFD

Opening Long

544

29.2500 ZAR

25p ordinary

 CFD

Opening Long

1,380

1.4445 GBP

25p ordinary

 CFD

Opening Long

2,316

29.2063 ZAR

25p ordinary

 CFD

Opening Long

5,572

1.4389 GBP

25p ordinary

 CFD

Opening Long

22,316

29.1091 ZAR

25p ordinary

 CFD

Opening Long

91,716

1.4435 GBP

25p ordinary

 CFD

Opening Long

95,760

29.2197 ZAR

25p ordinary

 CFD

Opening Long

119,616

1.4486 GBP

25p ordinary

 CFD

Opening Long

125,208

1.4404 GBP

25p ordinary

 CFD

Opening Long

129,252

29.1073 ZAR

25p ordinary

 CFD

Opening Short

544

29.2500 ZAR

25p ordinary

 CFD

Opening Short

544

29.2500 ZAR

25p ordinary

 CFD

Opening Short

1,380

1.4445 GBP

25p ordinary

 CFD

Opening Short

2,316

29.2063 ZAR

25p ordinary

 CFD

Opening Short

5,572

1.4389 GBP

25p ordinary

 CFD

Opening Short

22,316

29.1091 ZAR

25p ordinary

 CFD

Opening Short

91,716

1.4435 GBP

25p ordinary

 CFD

Opening Short

95,760

29.2197 ZAR

25p ordinary

 CFD

Opening Short

119,616

1.4486 GBP

25p ordinary

 CFD

Opening Short

125,208

1.4404 GBP

25p ordinary

 CFD

Opening Short

129,252

29.1073 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:

3 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213