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:

04 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:

6,543,213

0.77%

7,531,365

0.88%

(2)

Cash-settled derivatives:

16,294,340

1.91%

4,857,133

0.57%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

22,837,553

2.68%

12,388,498

1.46%

(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

377,412

1.4129 GBP

1.3892 GBP

25p ordinary

Sale

88,105

1.4130 GBP

1.3986 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

41

27.6800 ZAR

25p ordinary

 SWAP

Decreasing Long

874

27.7849 ZAR

25p ordinary

 SWAP

Decreasing Long

950

27.8524 ZAR

25p ordinary

 SWAP

Decreasing Long

4,738

27.6360 ZAR

25p ordinary

 SWAP

Decreasing Long

7,986

27.9271 ZAR

25p ordinary

 SWAP

Decreasing Short

41

27.6800 ZAR

25p ordinary

 CFD

Decreasing Short

784

27.6800 ZAR

25p ordinary

 CFD

Decreasing Short

784

27.6800 ZAR

25p ordinary

 SWAP

Decreasing Short

874

27.7849 ZAR

25p ordinary

 SWAP

Decreasing Short

950

27.8524 ZAR

25p ordinary

 CFD

Decreasing Short

3,136

27.8621 ZAR

25p ordinary

 CFD

Decreasing Short

6,292

27.4276 ZAR

25p ordinary

 CFD

Decreasing Short

8,716

27.7709 ZAR

25p ordinary

 CFD

Decreasing Short

9,020

27.6702 ZAR

25p ordinary

 CFD

Decreasing Short

15,880

1.4007 GBP

25p ordinary

 CFD

Decreasing Short

18,952

27.6443 ZAR

25p ordinary

 SWAP

Decreasing Short

22,862

1.3999 GBP

25p ordinary

 CFD

Decreasing Short

28,308

1.4097 GBP

25p ordinary

 CFD

Decreasing Short

31,944

27.9187 ZAR

25p ordinary

 CFD

Decreasing Short

48,712

1.3990 GBP

25p ordinary

 CFD

Increasing Long

784

27.6800 ZAR

25p ordinary

 CFD

Increasing Long

784

27.6800 ZAR

25p ordinary

 SWAP

Increasing Long

1,750

1.3950 GBP

25p ordinary

 SWAP

Increasing Long

1,888

1.3980 GBP

25p ordinary

 CFD

Increasing Long

3,136

27.8621 ZAR

25p ordinary

 SWAP

Increasing Long

3,292

1.3994 GBP

25p ordinary

 SWAP

Increasing Long

3,725

1.4038 GBP

25p ordinary

 SWAP

Increasing Long

5,770

1.4065 GBP

25p ordinary

 CFD

Increasing Long

6,292

27.4276 ZAR

25p ordinary

 CFD

Increasing Long

8,716

27.7709 ZAR

25p ordinary

 CFD

Increasing Long

9,020

27.6702 ZAR

25p ordinary

 CFD

Increasing Long

15,880

1.4007 GBP

25p ordinary

 SWAP

Increasing Long

18,407

1.3982 GBP

25p ordinary

 CFD

Increasing Long

18,952

27.6443 ZAR

25p ordinary

 CFD

Increasing Long

28,308

1.4097 GBP

25p ordinary

 CFD

Increasing Long

31,944

27.9187 ZAR

25p ordinary

 CFD

Increasing Long

48,712

1.3990 GBP

25p ordinary

 SWAP

Increasing Short

200

1.4140 GBP

25p ordinary

 CFD

Opening Long

784

27.6800 ZAR

25p ordinary

 CFD

Opening Long

784

27.6800 ZAR

25p ordinary

 CFD

Opening Long

3,136

27.8621 ZAR

25p ordinary

 CFD

Opening Long

6,292

27.4276 ZAR

25p ordinary

 CFD

Opening Long

8,716

27.7709 ZAR

25p ordinary

 CFD

Opening Long

9,020

27.6702 ZAR

25p ordinary

 CFD

Opening Long

15,880

1.4007 GBP

25p ordinary

 CFD

Opening Long

18,952

27.6443 ZAR

25p ordinary

 CFD

Opening Long

28,308

1.4097 GBP

25p ordinary

 CFD

Opening Long

31,944

27.9187 ZAR

25p ordinary

 CFD

Opening Long

48,712

1.3990 GBP

25p ordinary

 CFD

Opening Short

784

27.6800 ZAR

25p ordinary

 CFD

Opening Short

784

27.6800 ZAR

25p ordinary

 SWAP

Opening Short

1,250

1.4041 GBP

25p ordinary

 CFD

Opening Short

3,136

27.8621 ZAR

25p ordinary

 CFD

Opening Short

6,292

27.4276 ZAR

25p ordinary

 CFD

Opening Short

8,716

27.7709 ZAR

25p ordinary

 CFD

Opening Short

9,020

27.6702 ZAR

25p ordinary

 CFD

Opening Short

15,880

1.4007 GBP

25p ordinary

 CFD

Opening Short

18,952

27.6443 ZAR

25p ordinary

 CFD

Opening Short

28,308

1.4097 GBP

25p ordinary

 CFD

Opening Short

31,944

27.9187 ZAR

25p ordinary

 CFD

Opening Short

48,712

1.3990 GBP

25p ordinary

 SWAP

Opening Long

1,250

1.4024 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:

5 Jul 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213