Barclays Regulatory News (BARC)

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 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:

9,592,328

1.13%

5,282,686

0.62%

(2)

Cash-settled derivatives:

4,942,770

0.58%

8,907,722

1.05%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

14,535,098

1.71%

14,190,408

1.67%

(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

490,494

1.0190 GBP

0.972 GBP

25p ordinary

Sale

525,154

1.0190 GBP

0.9708 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

203

20.7500 ZAR

25p ordinary

 SWAP

Decreasing Long

14,123

0.9890 GBP

25p ordinary

 SWAP

Decreasing Long

23,817

1.0068 GBP

25p ordinary

 SWAP

Decreasing Long

24,845

1.0190 GBP

25p ordinary

 SWAP

Decreasing Long

28,622

1.0056 GBP

25p ordinary

 SWAP

Decreasing Long

29,836

1.0188 GBP

25p ordinary

 SWAP

Decreasing Long

63,433

0.9975 GBP

25p ordinary

 SWAP

Decreasing Short

2,936

0.9924 GBP

25p ordinary

 SWAP

Decreasing Short

16,303

20.7500 ZAR

25p ordinary

 CFD

Increasing Long

6,832

19.8835 ZAR

25p ordinary

 CFD

Increasing Long

9,360

20.3837 ZAR

25p ordinary

 CFD

Increasing Long

10,784

20.7558 ZAR

25p ordinary

 CFD

Increasing Long

22,748

1.0084 GBP

25p ordinary

 CFD

Increasing Long

23,392

0.9956 GBP

25p ordinary

 CFD

Increasing Long

24,000

1.0091 GBP

25p ordinary

 CFD

Increasing Long

26,628

1.0110 GBP

25p ordinary

 CFD

Increasing Long

28,772

20.7406 ZAR

25p ordinary

 CFD

Increasing Long

60,204

0.9708 GBP

25p ordinary

 CFD

Increasing Long

64,400

20.7583 ZAR

25p ordinary

 SWAP

Increasing Long

72,439

20.3300 ZAR

25p ordinary

 CFD

Increasing Long

254,968

1.0189 GBP

25p ordinary

 SWAP

Increasing Long

256,289

20.6857 ZAR

25p ordinary

 CFD

Increasing Long

276,492

0.9917 GBP

25p ordinary

 CFD

Increasing Long

289,756

20.3239 ZAR

25p ordinary

 CFD

Increasing Long

1,011,892

1.0091 GBP

25p ordinary

 CFD

Increasing Long

1,025,156

20.6919 ZAR

25p ordinary

 SWAP

Increasing Short

1,250

0.9723 GBP

25p ordinary

 SWAP

Increasing Short

1,392

0.9901 GBP

25p ordinary

 CFD

Increasing Short

6,832

19.8835 ZAR

25p ordinary

 CFD

Increasing Short

9,360

20.3837 ZAR

25p ordinary

 CFD

Increasing Short

10,784

20.7558 ZAR

25p ordinary

 CFD

Increasing Short

22,748

1.0084 GBP

25p ordinary

 CFD

Increasing Short

23,392

0.9956 GBP

25p ordinary

 CFD

Increasing Short

24,000

1.0091 GBP

25p ordinary

 CFD

Increasing Short

26,628

1.0110 GBP

25p ordinary

 CFD

Increasing Short

28,772

20.7406 ZAR

25p ordinary

 SWAP

Increasing Short

48,788

1.0011 GBP

25p ordinary

 CFD

Increasing Short

60,204

0.9708 GBP

25p ordinary

 CFD

Increasing Short

64,400

20.7583 ZAR

25p ordinary

 SWAP

Increasing Short

88,000

1.0084 GBP

25p ordinary

 CFD

Increasing Short

254,968

1.0189 GBP

25p ordinary

 CFD

Increasing Short

276,492

0.9917 GBP

25p ordinary

 CFD

Increasing Short

289,756

20.3239 ZAR

25p ordinary

 CFD

Increasing Short

1,011,892

1.0091 GBP

25p ordinary

 CFD

Increasing Short

1,025,156

20.6919 ZAR

25p ordinary

 CFD

Opening Long

6,832

19.8835 ZAR

25p ordinary

 CFD

Opening Long

9,360

20.3837 ZAR

25p ordinary

 CFD

Opening Long

10,784

20.7558 ZAR

25p ordinary

 CFD

Opening Long

22,748

1.0084 GBP

25p ordinary

 CFD

Opening Long

23,392

0.9956 GBP

25p ordinary

 CFD

Opening Long

24,000

1.0091 GBP

25p ordinary

 CFD

Opening Long

26,628

1.0110 GBP

25p ordinary

 CFD

Opening Long

28,772

20.7406 ZAR

25p ordinary

 CFD

Opening Long

60,204

0.9708 GBP

25p ordinary

 CFD

Opening Long

64,400

20.7583 ZAR

25p ordinary

 CFD

Opening Long

254,968

1.0189 GBP

25p ordinary

 CFD

Opening Long

276,492

0.9917 GBP

25p ordinary

 CFD

Opening Long

289,756

20.3239 ZAR

25p ordinary

 CFD

Opening Long

1,011,892

1.0091 GBP

25p ordinary

 CFD

Opening Long

1,025,156

20.6919 ZAR

25p ordinary

 CFD

Opening Short

6,832

19.8835 ZAR

25p ordinary

 CFD

Opening Short

9,360

20.3837 ZAR

25p ordinary

 CFD

Opening Short

10,784

20.7558 ZAR

25p ordinary

 CFD

Opening Short

22,748

1.0084 GBP

25p ordinary

 CFD

Opening Short

23,392

0.9956 GBP

25p ordinary

 CFD

Opening Short

24,000

1.0091 GBP

25p ordinary

 SWAP

Opening Short

24,712

0.9996 GBP

25p ordinary

 CFD

Opening Short

26,628

1.0110 GBP

25p ordinary

 CFD

Opening Short

28,772

20.7406 ZAR

25p ordinary

 CFD

Opening Short

60,204

0.9708 GBP

25p ordinary

 CFD

Opening Short

64,400

20.7583 ZAR

25p ordinary

 CFD

Opening Short

254,968

1.0189 GBP

25p ordinary

 CFD

Opening Short

276,492

0.9917 GBP

25p ordinary

 CFD

Opening Short

289,756

20.3239 ZAR

25p ordinary

 CFD

Opening Short

1,011,892

1.0091 GBP

25p ordinary

 CFD

Opening Short

1,025,156

20.6919 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 Oct 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213