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:

01 December 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:

9,967,698

1.17%

5,557,709

0.65%

(2)

Cash-settled derivatives:

5,616,392

0.66%

9,106,745

1.07%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,584,090

1.83%

14,664,454

1.72%

(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

847,391

1.0490 GBP

1.001 GBP

25p ordinary

Sale

792,255

1.0450 GBP

1.001 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

75

1.0280 GBP

25p ordinary

 SWAP

Decreasing Long

185

1.0161 GBP

25p ordinary

 SWAP

Decreasing Long

227

1.0162 GBP

25p ordinary

 SWAP

Decreasing Long

1,656

1.0470 GBP

25p ordinary

 SWAP

Decreasing Long

18,336

1.0202 GBP

25p ordinary

 SWAP

Decreasing Long

26,273

1.0200 GBP

25p ordinary

 SWAP

Decreasing Long

86,411

1.0148 GBP

25p ordinary

 SWAP

Decreasing Long

122,171

1.0277 GBP

25p ordinary

 SWAP

Decreasing Long

144,977

1.0125 GBP

25p ordinary

 SWAP

Decreasing Short

173

1.0127 GBP

25p ordinary

 SWAP

Decreasing Short

228

1.0128 GBP

25p ordinary

 SWAP

Decreasing Short

270

1.0110 GBP

25p ordinary

 SWAP

Decreasing Short

507

1.0141 GBP

25p ordinary

 SWAP

Decreasing Short

526

1.0169 GBP

25p ordinary

 SWAP

Decreasing Short

1,005

1.0151 GBP

25p ordinary

 SWAP

Decreasing Short

1,437

1.0195 GBP

25p ordinary

 SWAP

Decreasing Short

2,468

1.0130 GBP

25p ordinary

 SWAP

Decreasing Short

2,960

1.0134 GBP

25p ordinary

 SWAP

Decreasing Short

3,328

1.0092 GBP

25p ordinary

 SWAP

Decreasing Short

4,898

1.0140 GBP

25p ordinary

 SWAP

Decreasing Short

11,281

1.0263 GBP

25p ordinary

 SWAP

Decreasing Short

11,349

1.0199 GBP

25p ordinary

 SWAP

Decreasing Short

13,655

1.0228 GBP

25p ordinary

 SWAP

Decreasing Short

15,495

1.0213 GBP

25p ordinary

 SWAP

Increasing Long

741

21.8825 ZAR

25p ordinary

 SWAP

Increasing Long

1,020

21.9300 ZAR

25p ordinary

 SWAP

Increasing Long

1,998

21.8798 ZAR

25p ordinary

 SWAP

Increasing Long

2,326

21.8827 ZAR

25p ordinary

 SWAP

Increasing Long

2,357

21.8829 ZAR

25p ordinary

 SWAP

Increasing Long

2,405

21.7800 ZAR

25p ordinary

 SWAP

Increasing Long

2,795

21.8767 ZAR

25p ordinary

 SWAP

Increasing Long

3,086

21.8813 ZAR

25p ordinary

 SWAP

Increasing Long

3,576

21.8764 ZAR

25p ordinary

 CFD

Increasing Long

4,080

21.9239 ZAR

25p ordinary

 CFD

Increasing Long

7,152

1.0220 GBP

25p ordinary

 CFD

Increasing Long

8,508

21.9387 ZAR

25p ordinary

 CFD

Increasing Long

8,628

1.0076 GBP

25p ordinary

 CFD

Increasing Long

8,628

1.0200 GBP

25p ordinary

 CFD

Increasing Long

9,620

21.7859 ZAR

25p ordinary

 CFD

Increasing Long

20,224

21.9938 ZAR

25p ordinary

 SWAP

Increasing Long

37,236

21.8828 ZAR

25p ordinary

 SWAP

Increasing Long

153,149

22.1105 ZAR

25p ordinary

 CFD

Increasing Long

212,276

1.0159 GBP

25p ordinary

 CFD

Increasing Long

225,488

1.0199 GBP

25p ordinary

 SWAP

Increasing Long

430,391

21.8278 ZAR

25p ordinary

 CFD

Increasing Long

610,420

1.0483 GBP

25p ordinary

 CFD

Increasing Long

612,596

22.1039 ZAR

25p ordinary

 CFD

Increasing Long

1,719,032

1.0134 GBP

25p ordinary

 CFD

Increasing Long

1,721,564

21.8343 ZAR

25p ordinary

 SWAP

Increasing Short

2,000

1.0433 GBP

25p ordinary

 SWAP

Increasing Short

3,924

1.0234 GBP

25p ordinary

 CFD

Increasing Short

4,080

21.9239 ZAR

25p ordinary

 SWAP

Increasing Short

6,680

1.0193 GBP

25p ordinary

 CFD

Increasing Short

7,152

1.0220 GBP

25p ordinary

 CFD

Increasing Short

8,508

21.9387 ZAR

25p ordinary

 CFD

Increasing Short

8,628

1.0076 GBP

25p ordinary

 CFD

Increasing Short

8,628

1.0200 GBP

25p ordinary

 CFD

Increasing Short

9,620

21.7859 ZAR

25p ordinary

 SWAP

Increasing Short

18,000

1.0101 GBP

25p ordinary

 CFD

Increasing Short

20,224

21.9938 ZAR

25p ordinary

 SWAP

Increasing Short

68,511

1.0222 GBP

25p ordinary

 CFD

Increasing Short

212,276

1.0159 GBP

25p ordinary

 CFD

Increasing Short

225,488

1.0199 GBP

25p ordinary

 CFD

Increasing Short

610,420

1.0483 GBP

25p ordinary

 CFD

Increasing Short

612,596

22.1039 ZAR

25p ordinary

 CFD

Increasing Short

1,719,032

1.0134 GBP

25p ordinary

 CFD

Increasing Short

1,721,564

21.8343 ZAR

25p ordinary

 CFD

Opening Long

4,080

21.9239 ZAR

25p ordinary

 CFD

Opening Long

7,152

1.0220 GBP

25p ordinary

 CFD

Opening Long

8,508

21.9387 ZAR

25p ordinary

 CFD

Opening Long

8,628

1.0076 GBP

25p ordinary

 CFD

Opening Long

8,628

1.0200 GBP

25p ordinary

 CFD

Opening Long

9,620

21.7859 ZAR

25p ordinary

 CFD

Opening Long

20,224

21.9938 ZAR

25p ordinary

 CFD

Opening Long

212,276

1.0159 GBP

25p ordinary

 CFD

Opening Long

225,488

1.0199 GBP

25p ordinary

 CFD

Opening Long

610,420

1.0483 GBP

25p ordinary

 CFD

Opening Long

612,596

22.1039 ZAR

25p ordinary

 CFD

Opening Long

1,719,032

1.0134 GBP

25p ordinary

 CFD

Opening Long

1,721,564

21.8343 ZAR

25p ordinary

 SWAP

Opening Short

1,250

1.0431 GBP

25p ordinary

 CFD

Opening Short

4,080

21.9239 ZAR

25p ordinary

 CFD

Opening Short

7,152

1.0220 GBP

25p ordinary

 CFD

Opening Short

8,508

21.9387 ZAR

25p ordinary

 CFD

Opening Short

8,628

1.0076 GBP

25p ordinary

 CFD

Opening Short

8,628

1.0200 GBP

25p ordinary

 CFD

Opening Short

9,620

21.7859 ZAR

25p ordinary

 CFD

Opening Short

20,224

21.9938 ZAR

25p ordinary

 CFD

Opening Short

212,276

1.0159 GBP

25p ordinary

 CFD

Opening Short

225,488

1.0199 GBP

25p ordinary

 CFD

Opening Short

610,420

1.0483 GBP

25p ordinary

 CFD

Opening Short

612,596

22.1039 ZAR

25p ordinary

 CFD

Opening Short

1,719,032

1.0134 GBP

25p ordinary

 CFD

Opening Short

1,721,564

21.8343 ZAR

25p ordinary

 SWAP

Opening Long

741

21.8825 ZAR

25p ordinary

 SWAP

Opening Long

1,250

1.0088 GBP

25p ordinary

 SWAP

Opening Long

1,998

21.8798 ZAR

25p ordinary

 SWAP

Opening Long

2,326

21.8827 ZAR

25p ordinary

 SWAP

Opening Long

2,357

21.8829 ZAR

25p ordinary

 SWAP

Opening Long

2,795

21.8767 ZAR

25p ordinary

 SWAP

Opening Long

3,086

21.8813 ZAR

25p ordinary

 SWAP

Opening Long

3,576

21.8764 ZAR

25p ordinary

 SWAP

Opening Short

37,236

21.8828 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:

2 Dec 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213