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:

29 July 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:

9,136,209

1.07%

6,590,741

0.77%

(2)

Cash-settled derivatives:

9,627,165

1.13%

8,039,755

0.94%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,763,374

2.20%

14,630,496

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

529,545

1.4870 GBP

1.44 GBP

25p ordinary

Sale

270,513

1.4870 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

1.4630 GBP

25p ordinary

 SWAP

Decreasing Long

12

1.4640 GBP

25p ordinary

 SWAP

Decreasing Long

13

1.4600 GBP

25p ordinary

 SWAP

Decreasing Long

335

29.8110 ZAR

25p ordinary

 SWAP

Decreasing Long

4,726

29.2972 ZAR

25p ordinary

 SWAP

Decreasing Long

7,894

29.2646 ZAR

25p ordinary

 CFD

Decreasing Long

8,000

1.4625 GBP

25p ordinary

 SWAP

Decreasing Long

8,754

29.9400 ZAR

25p ordinary

 SWAP

Decreasing Long

10,149

29.4701 ZAR

25p ordinary

 CFD

Decreasing Long

10,256

29.9316 ZAR

25p ordinary

 CFD

Decreasing Long

11,772

1.4471 GBP

25p ordinary

 SWAP

Decreasing Long

14,011

1.4595 GBP

25p ordinary

 CFD

Decreasing Long

14,288

1.4389 GBP

25p ordinary

 CFD

Decreasing Long

23,248

29.9400 ZAR

25p ordinary

 CFD

Decreasing Long

23,248

29.9400 ZAR

25p ordinary

 CFD

Decreasing Long

25,896

29.2918 ZAR

25p ordinary

 SWAP

Decreasing Long

26,000

1.4575 GBP

25p ordinary

 SWAP

Decreasing Long

26,095

1.4870 GBP

25p ordinary

 CFD

Decreasing Long

29,076

1.4830 GBP

25p ordinary

 CFD

Decreasing Long

29,756

1.4685 GBP

25p ordinary

 SWAP

Decreasing Long

33,773

1.4579 GBP

25p ordinary

 CFD

Decreasing Long

35,016

29.9280 ZAR

25p ordinary

 CFD

Decreasing Long

40,596

29.4789 ZAR

25p ordinary

 SWAP

Decreasing Long

48,324

1.4869 GBP

25p ordinary

 SWAP

Decreasing Long

61,282

1.4583 GBP

25p ordinary

 CFD

Decreasing Long

67,380

29.4133 ZAR

25p ordinary

 SWAP

Decreasing Long

76,089

1.4572 GBP

25p ordinary

 SWAP

Decreasing Long

118,317

29.2576 ZAR

25p ordinary

 CFD

Decreasing Long

298,540

1.4868 GBP

25p ordinary

 CFD

Decreasing Long

462,928

1.4591 GBP

25p ordinary

 CFD

Decreasing Long

473,268

29.2488 ZAR

25p ordinary

 SWAP

Decreasing Short

335

29.8110 ZAR

25p ordinary

 SWAP

Decreasing Short

500

1.4618 GBP

25p ordinary

 SWAP

Decreasing Short

1,048

1.4629 GBP

25p ordinary

 SWAP

Decreasing Short

4,726

29.2972 ZAR

25p ordinary

 SWAP

Decreasing Short

7,894

29.2646 ZAR

25p ordinary

 CFD

Decreasing Short

8,000

1.4625 GBP

25p ordinary

 CFD

Decreasing Short

10,256

29.9316 ZAR

25p ordinary

 CFD

Decreasing Short

11,772

1.4471 GBP

25p ordinary

 CFD

Decreasing Short

14,288

1.4389 GBP

25p ordinary

 CFD

Decreasing Short

23,248

29.9400 ZAR

25p ordinary

 CFD

Decreasing Short

23,248

29.9400 ZAR

25p ordinary

 CFD

Decreasing Short

25,896

29.2918 ZAR

25p ordinary

 CFD

Decreasing Short

29,076

1.4830 GBP

25p ordinary

 CFD

Decreasing Short

29,756

1.4685 GBP

25p ordinary

 CFD

Decreasing Short

35,016

29.9280 ZAR

25p ordinary

 CFD

Decreasing Short

40,596

29.4789 ZAR

25p ordinary

 CFD

Decreasing Short

67,380

29.4133 ZAR

25p ordinary

 CFD

Decreasing Short

298,540

1.4868 GBP

25p ordinary

 CFD

Decreasing Short

462,928

1.4591 GBP

25p ordinary

 CFD

Decreasing Short

473,268

29.2488 ZAR

25p ordinary

 SWAP

Increasing Short

1,400

1.4604 GBP

25p ordinary

 SWAP

Increasing Short

95,617

1.4549 GBP

25p ordinary

 CFD

Opening Long

8,000

1.4625 GBP

25p ordinary

 CFD

Opening Long

10,256

29.9316 ZAR

25p ordinary

 CFD

Opening Long

11,772

1.4471 GBP

25p ordinary

 CFD

Opening Long

14,288

1.4389 GBP

25p ordinary

 CFD

Opening Long

23,248

29.9400 ZAR

25p ordinary

 CFD

Opening Long

23,248

29.9400 ZAR

25p ordinary

 CFD

Opening Long

25,896

29.2918 ZAR

25p ordinary

 CFD

Opening Long

29,076

1.4830 GBP

25p ordinary

 CFD

Opening Long

29,756

1.4685 GBP

25p ordinary

 CFD

Opening Long

35,016

29.9280 ZAR

25p ordinary

 CFD

Opening Long

40,596

29.4789 ZAR

25p ordinary

 CFD

Opening Long

67,380

29.4133 ZAR

25p ordinary

 CFD

Opening Long

298,540

1.4868 GBP

25p ordinary

 CFD

Opening Long

462,928

1.4591 GBP

25p ordinary

 CFD

Opening Long

473,268

29.2488 ZAR

25p ordinary

 SWAP

Opening Short

1,037

1.4560 GBP

25p ordinary

 CFD

Opening Short

8,000

1.4625 GBP

25p ordinary

 SWAP

Opening Short

8,930

1.4408 GBP

25p ordinary

 CFD

Opening Short

10,256

29.9316 ZAR

25p ordinary

 CFD

Opening Short

11,772

1.4471 GBP

25p ordinary

 CFD

Opening Short

14,288

1.4389 GBP

25p ordinary

 CFD

Opening Short

23,248

29.9400 ZAR

25p ordinary

 CFD

Opening Short

23,248

29.9400 ZAR

25p ordinary

 CFD

Opening Short

25,896

29.2918 ZAR

25p ordinary

 CFD

Opening Short

29,076

1.4830 GBP

25p ordinary

 CFD

Opening Short

29,756

1.4685 GBP

25p ordinary

 CFD

Opening Short

35,016

29.9280 ZAR

25p ordinary

 CFD

Opening Short

40,596

29.4789 ZAR

25p ordinary

 CFD

Opening Short

67,380

29.4133 ZAR

25p ordinary

 CFD

Opening Short

298,540

1.4868 GBP

25p ordinary

 CFD

Opening Short

462,928

1.4591 GBP

25p ordinary

 CFD

Opening Short

473,268

29.2488 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:

1 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213