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:

22 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:

8,151,829

0.96%

3,488,971

0.41%

(2)

Cash-settled derivatives:

3,355,874

0.39%

7,166,533

0.84%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

11,507,703

1.35%

10,655,504

1.25%

(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

793,079

1.3078 GBP

1.29 GBP

25p ordinary

Sale

151,995

1.3061 GBP

1.29 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

106

1.3450 GBP

25p ordinary

 SWAP

Decreasing Long

1,922

26.2943 ZAR

25p ordinary

 SWAP

Decreasing Long

3,822

26.2741 ZAR

25p ordinary

 SWAP

Decreasing Long

5,029

26.2464 ZAR

25p ordinary

 SWAP

Decreasing Long

5,120

1.3024 GBP

25p ordinary

 SWAP

Decreasing Long

6,529

26.2562 ZAR

25p ordinary

 SWAP

Decreasing Long

7,000

1.3013 GBP

25p ordinary

 SWAP

Decreasing Long

19,200

26.2740 ZAR

25p ordinary

 SWAP

Decreasing Long

45,092

1.3012 GBP

25p ordinary

 SWAP

Decreasing Long

91,386

1.2938 GBP

25p ordinary

 SWAP

Decreasing Long

97,530

1.2928 GBP

25p ordinary

 SWAP

Decreasing Long

494,241

26.2423 ZAR

25p ordinary

 CFD

Decreasing Short

44

1.3018 GBP

25p ordinary

 CFD

Decreasing Short

96

1.2900 GBP

25p ordinary

 CFD

Decreasing Short

752

1.2900 GBP

25p ordinary

 CFD

Decreasing Short

1,350

1.3058 GBP

25p ordinary

 CFD

Decreasing Short

1,586

26.1000 ZAR

25p ordinary

 CFD

Decreasing Short

1,586

26.1000 ZAR

25p ordinary

 CFD

Decreasing Short

3,844

26.3022 ZAR

25p ordinary

 CFD

Decreasing Short

4,314

26.4096 ZAR

25p ordinary

 CFD

Decreasing Short

4,360

26.1527 ZAR

25p ordinary

 CFD

Decreasing Short

5,026

1.3448 GBP

25p ordinary

 SWAP

Decreasing Short

5,029

26.2464 ZAR

25p ordinary

 SWAP

Decreasing Short

6,529

26.2562 ZAR

25p ordinary

 CFD

Decreasing Short

10,848

26.2960 ZAR

25p ordinary

 CFD

Decreasing Short

12,090

1.3127 GBP

25p ordinary

 CFD

Decreasing Short

19,144

1.3174 GBP

25p ordinary

 CFD

Decreasing Short

111,992

1.2901 GBP

25p ordinary

 CFD

Decreasing Short

985,988

1.3038 GBP

25p ordinary

 CFD

Decreasing Short

988,482

26.2344 ZAR

25p ordinary

 SWAP

Increasing Short

400

1.2984 GBP

25p ordinary

 SWAP

Increasing Short

1,250

1.3019 GBP

25p ordinary

 SWAP

Increasing Short

3,822

26.2741 ZAR

25p ordinary

 SWAP

Increasing Short

4,807

1.3019 GBP

25p ordinary

 SWAP

Increasing Short

19,200

26.2740 ZAR

25p ordinary

 SWAP

Increasing Short

27,342

1.2922 GBP

25p ordinary

 CFD

Opening Short

44

1.3018 GBP

25p ordinary

 CFD

Opening Short

96

1.2900 GBP

25p ordinary

 CFD

Opening Short

752

1.2900 GBP

25p ordinary

 CFD

Opening Short

1,350

1.3058 GBP

25p ordinary

 CFD

Opening Short

1,586

26.1000 ZAR

25p ordinary

 CFD

Opening Short

1,586

26.1000 ZAR

25p ordinary

 CFD

Opening Short

3,844

26.3022 ZAR

25p ordinary

 CFD

Opening Short

4,314

26.4096 ZAR

25p ordinary

 CFD

Opening Short

4,360

26.1527 ZAR

25p ordinary

 CFD

Opening Short

5,026

1.3448 GBP

25p ordinary

 CFD

Opening Short

10,848

26.2960 ZAR

25p ordinary

 CFD

Opening Short

12,090

1.3127 GBP

25p ordinary

 CFD

Opening Short

19,144

1.3174 GBP

25p ordinary

 CFD

Opening Short

111,992

1.2901 GBP

25p ordinary

 CFD

Opening Short

985,988

1.3038 GBP

25p ordinary

 CFD

Opening Short

988,482

26.2344 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:

23 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213