Barclays Regulatory News (BARC)

FORM 8.5 (EPT/NON-RI) Amendment to section 2(a) 1 and Purchase and Sales

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:

10 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:

4,058,197

0.48%

5,554,932

0.65%

(2)

Cash-settled derivatives:

20,914,017

2.46%

2,993,717

0.35%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

24,972,214

2.93%

8,548,649

1.00%

(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

644,439

1.5410 GBP

1.58 GBP

25p ordinary

Sale

437,049

1.5410 GBP

1.5820 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

1,309

1.5410 GBP

25p ordinary

 SWAP

Decreasing Long

1,439

31.1007 ZAR

25p ordinary

 SWAP

Decreasing Long

2,847

1.5764 GBP

25p ordinary

 SWAP

Decreasing Long

3,072

1.5644 GBP

25p ordinary

 CFD

Decreasing Long

3,308

31.1258 ZAR

25p ordinary

 SWAP

Decreasing Long

3,368

31.0453 ZAR

25p ordinary

 SWAP

Decreasing Long

3,780

31.1200 ZAR

25p ordinary

 CFD

Decreasing Long

3,812

31.1200 ZAR

25p ordinary

 CFD

Decreasing Long

3,812

31.1200 ZAR

25p ordinary

 SWAP

Decreasing Long

4,061

1.5579 GBP

25p ordinary

 SWAP

Decreasing Long

4,831

1.5654 GBP

25p ordinary

 CFD

Decreasing Long

6,032

30.7558 ZAR

25p ordinary

 SWAP

Decreasing Long

9,879

1.5765 GBP

25p ordinary

 SWAP

Decreasing Long

13,390

1.5601 GBP

25p ordinary

 CFD

Decreasing Long

16,492

1.5654 GBP

25p ordinary

 CFD

Decreasing Long

18,136

31.0594 ZAR

25p ordinary

 CFD

Decreasing Long

25,920

31.1276 ZAR

25p ordinary

 SWAP

Decreasing Long

29,704

1.5692 GBP

25p ordinary

 SWAP

Decreasing Long

37,919

1.5575 GBP

25p ordinary

 CFD

Decreasing Long

41,644

31.0638 ZAR

25p ordinary

 CFD

Decreasing Long

74,580

31.0015 ZAR

25p ordinary

 CFD

Decreasing Long

224,796

1.5622 GBP

25p ordinary

 CFD

Decreasing Long

234,148

30.9836 ZAR

25p ordinary

 CFD

Decreasing Long

343,748

1.5411 GBP

25p ordinary

 SWAP

Decreasing Short

1,250

1.5651 GBP

25p ordinary

 SWAP

Decreasing Short

1,439

31.1007 ZAR

25p ordinary

 SWAP

Decreasing Short

2,402

1.5567 GBP

25p ordinary

 SWAP

Decreasing Short

2,500

1.5678 GBP

25p ordinary

 SWAP

Decreasing Short

3,368

31.0453 ZAR

25p ordinary

 SWAP

Decreasing Short

3,780

31.1200 ZAR

25p ordinary

 SWAP

Increasing Long

6,480

31.1369 ZAR

25p ordinary

 SWAP

Increasing Long

58,537

30.9743 ZAR

25p ordinary

 SWAP

Increasing Short

3,078

1.5626 GBP

25p ordinary

 CFD

Increasing Short

3,308

31.1258 ZAR

25p ordinary

 CFD

Increasing Short

3,812

31.1200 ZAR

25p ordinary

 CFD

Increasing Short

3,812

31.1200 ZAR

25p ordinary

 CFD

Increasing Short

6,032

30.7558 ZAR

25p ordinary

 CFD

Increasing Short

16,492

1.5654 GBP

25p ordinary

 CFD

Increasing Short

18,136

31.0594 ZAR

25p ordinary

 SWAP

Increasing Short

23,900

1.5677 GBP

25p ordinary

 CFD

Increasing Short

25,920

31.1276 ZAR

25p ordinary

 CFD

Increasing Short

41,644

31.0638 ZAR

25p ordinary

 CFD

Increasing Short

74,580

31.0015 ZAR

25p ordinary

 CFD

Increasing Short

224,796

1.5622 GBP

25p ordinary

 CFD

Increasing Short

234,148

30.9836 ZAR

25p ordinary

 CFD

Increasing Short

343,748

1.5411 GBP

25p ordinary

 SWAP

Opening Long

1,261

1.5658 GBP

25p ordinary

 CFD

Opening Long

3,308

31.1258 ZAR

25p ordinary

 CFD

Opening Long

3,812

31.1200 ZAR

25p ordinary

 CFD

Opening Long

3,812

31.1200 ZAR

25p ordinary

 CFD

Opening Long

6,032

30.7558 ZAR

25p ordinary

 CFD

Opening Long

16,492

1.5654 GBP

25p ordinary

 CFD

Opening Long

18,136

31.0594 ZAR

25p ordinary

 CFD

Opening Long

25,920

31.1276 ZAR

25p ordinary

 CFD

Opening Long

41,644

31.0638 ZAR

25p ordinary

 CFD

Opening Long

74,580

31.0015 ZAR

25p ordinary

 SWAP

Opening Long

108,061

1.5697 GBP

25p ordinary

 CFD

Opening Long

224,796

1.5622 GBP

25p ordinary

 CFD

Opening Long

234,148

30.9836 ZAR

25p ordinary

 CFD

Opening Long

343,748

1.5411 GBP

25p ordinary

 CFD

Opening Short

3,308

31.1258 ZAR

25p ordinary

 CFD

Opening Short

3,812

31.1200 ZAR

25p ordinary

 CFD

Opening Short

3,812

31.1200 ZAR

25p ordinary

 CFD

Opening Short

6,032

30.7558 ZAR

25p ordinary

 SWAP

Opening Short

16,243

1.5632 GBP

25p ordinary

 CFD

Opening Short

16,492

1.5654 GBP

25p ordinary

 CFD

Opening Short

18,136

31.0594 ZAR

25p ordinary

 SWAP

Opening Short

22,410

1.5603 GBP

25p ordinary

 CFD

Opening Short

25,920

31.1276 ZAR

25p ordinary

 CFD

Opening Short

41,644

31.0638 ZAR

25p ordinary

 CFD

Opening Short

74,580

31.0015 ZAR

25p ordinary

 SWAP

Opening Short

82,416

1.5525 GBP

25p ordinary

 SWAP

Opening Short

145,671

1.5537 GBP

25p ordinary

 CFD

Opening Short

224,796

1.5622 GBP

25p ordinary

 CFD

Opening Short

234,148

30.9836 ZAR

25p ordinary

 CFD

Opening Short

343,748

1.5411 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:

13 May 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213