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:

05 September 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:

8,343,139

0.98%

3,497,644

0.41%

(2)

Cash-settled derivatives:

4,004,444

0.47%

8,108,015

0.95%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

12,347,583

1.45%

11,605,659

1.36%

(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

461,269

1.1751 GBP

1.161 GBP

25p ordinary

Sale

275,031

1.1783 GBP

1.16 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

19,348

23.2509 ZAR

25p ordinary

 SWAP

Decreasing Long

20,015

23.2686 ZAR

25p ordinary

 SWAP

Decreasing Long

28,945

23.3776 ZAR

25p ordinary

 SWAP

Decreasing Short

2,500

1.1783 GBP

25p ordinary

 SWAP

Decreasing Short

3,750

1.1782 GBP

25p ordinary

 SWAP

Decreasing Short

4,891

23.6300 ZAR

25p ordinary

 SWAP

Decreasing Short

6,726

23.2396 ZAR

25p ordinary

 SWAP

Decreasing Short

9,367

1.1644 GBP

25p ordinary

 SWAP

Decreasing Short

19,348

23.2509 ZAR

25p ordinary

 SWAP

Decreasing Short

24,906

1.1720 GBP

25p ordinary

 SWAP

Increasing Long

1,361

1.1650 GBP

25p ordinary

 SWAP

Increasing Long

3,144

1.1687 GBP

25p ordinary

 SWAP

Increasing Long

3,368

1.1675 GBP

25p ordinary

 SWAP

Increasing Long

3,715

1.1824 GBP

25p ordinary

 SWAP

Increasing Long

3,805

1.1660 GBP

25p ordinary

 SWAP

Increasing Long

3,856

1.1661 GBP

25p ordinary

 SWAP

Increasing Long

4,891

23.6300 ZAR

25p ordinary

 SWAP

Increasing Long

6,411

1.1695 GBP

25p ordinary

 SWAP

Increasing Long

6,726

23.2396 ZAR

25p ordinary

 SWAP

Increasing Long

7,143

1.1650 GBP

25p ordinary

 SWAP

Increasing Long

8,119

1.1672 GBP

25p ordinary

 SWAP

Increasing Long

22,501

1.1682 GBP

25p ordinary

 SWAP

Increasing Long

22,850

1.1681 GBP

25p ordinary

 SWAP

Increasing Long

24,284

22.9600 ZAR

25p ordinary

 SWAP

Increasing Long

36,488

1.1610 GBP

25p ordinary

 SWAP

Increasing Long

88,257

1.1631 GBP

25p ordinary

 SWAP

Increasing Long

97,538

1.1631 GBP

25p ordinary

 SWAP

Increasing Short

42

1.1642 GBP

25p ordinary

 SWAP

Increasing Short

226

1.1630 GBP

25p ordinary

 CFD

Increasing Short

364

23.0992 ZAR

25p ordinary

 SWAP

Increasing Short

416

1.1666 GBP

25p ordinary

 SWAP

Increasing Short

693

1.1677 GBP

25p ordinary

 CFD

Increasing Short

1,128

1.1623 GBP

25p ordinary

 SWAP

Increasing Short

3,450

1.1662 GBP

25p ordinary

 SWAP

Increasing Short

4,536

1.1656 GBP

25p ordinary

 CFD

Increasing Short

5,824

1.1658 GBP

25p ordinary

 CFD

Increasing Short

6,186

23.4203 ZAR

25p ordinary

 CFD

Increasing Short

8,098

22.9664 ZAR

25p ordinary

 CFD

Increasing Short

8,889

22.9600 ZAR

25p ordinary

 CFD

Increasing Short

8,889

22.9600 ZAR

25p ordinary

 CFD

Increasing Short

19,284

1.1702 GBP

25p ordinary

 CFD

Increasing Short

20,000

1.1673 GBP

25p ordinary

 CFD

Increasing Short

20,015

23.2616 ZAR

25p ordinary

 CFD

Increasing Short

23,017

1.1672 GBP

25p ordinary

 CFD

Increasing Short

24,284

22.9691 ZAR

25p ordinary

 SWAP

Increasing Short

26,000

1.1669 GBP

25p ordinary

 CFD

Increasing Short

27,874

1.1769 GBP

25p ordinary

 CFD

Increasing Short

28,945

23.3846 ZAR

25p ordinary

 SWAP

Increasing Short

36,488

1.1610 GBP

25p ordinary

 CFD

Increasing Short

41,582

1.1610 GBP

25p ordinary

 SWAP

Increasing Short

76,055

1.1681 GBP

25p ordinary

 CFD

Increasing Short

78,385

1.1620 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:

6 Sep 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213