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:

21 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:

8,198,024

0.96%

7,199,607

0.85%

(2)

Cash-settled derivatives:

10,213,619

1.20%

7,071,032

0.83%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,411,643

2.16%

14,270,639

1.68%

(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

264,076

1.4788 GBP

1.455 GBP

25p ordinary

Sale

324,758

1.4790 GBP

1.455 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

5,781

1.4634 GBP

25p ordinary

 SWAP

Decreasing Long

33,000

1.4567 GBP

25p ordinary

 SWAP

Decreasing Short

666

29.8200 ZAR

25p ordinary

 SWAP

Decreasing Short

1,681

29.8933 ZAR

25p ordinary

 SWAP

Decreasing Short

1,867

29.7545 ZAR

25p ordinary

 SWAP

Increasing Long

11

1.4560 GBP

25p ordinary

 CFD

Increasing Long

12

1.4800 GBP

25p ordinary

 SWAP

Increasing Long

15

1.4640 GBP

25p ordinary

 SWAP

Increasing Long

22

1.4603 GBP

25p ordinary

 SWAP

Increasing Long

39

1.4790 GBP

25p ordinary

 SWAP

Increasing Long

2,759

30.0117 ZAR

25p ordinary

 SWAP

Increasing Long

3,140

1.4668 GBP

25p ordinary

 SWAP

Increasing Long

3,156

1.4676 GBP

25p ordinary

 CFD

Increasing Long

4,028

29.8200 ZAR

25p ordinary

 CFD

Increasing Long

4,028

29.8200 ZAR

25p ordinary

 CFD

Increasing Long

4,028

29.8283 ZAR

25p ordinary

 SWAP

Increasing Long

8,661

1.4655 GBP

25p ordinary

 CFD

Increasing Long

9,488

1.4619 GBP

25p ordinary

 CFD

Increasing Long

9,732

1.4679 GBP

25p ordinary

 CFD

Increasing Long

11,036

30.0027 ZAR

25p ordinary

 CFD

Increasing Long

19,476

29.9826 ZAR

25p ordinary

 CFD

Increasing Long

35,160

29.8080 ZAR

25p ordinary

 SWAP

Increasing Long

43,900

1.4785 GBP

25p ordinary

 SWAP

Increasing Long

47,178

1.4637 GBP

25p ordinary

 SWAP

Increasing Long

51,939

1.4763 GBP

25p ordinary

 CFD

Increasing Long

102,936

1.4788 GBP

25p ordinary

 SWAP

Increasing Long

132,594

29.8434 ZAR

25p ordinary

 CFD

Increasing Long

528,328

1.4616 GBP

25p ordinary

 CFD

Increasing Long

530,376

29.8524 ZAR

25p ordinary

 CFD

Increasing Short

12

1.4800 GBP

25p ordinary

 SWAP

Increasing Short

390

1.4649 GBP

25p ordinary

 SWAP

Increasing Short

751

1.4551 GBP

25p ordinary

 SWAP

Increasing Short

1,681

29.8933 ZAR

25p ordinary

 SWAP

Increasing Short

1,867

29.7545 ZAR

25p ordinary

 CFD

Increasing Short

4,028

29.8200 ZAR

25p ordinary

 CFD

Increasing Short

4,028

29.8200 ZAR

25p ordinary

 CFD

Increasing Short

4,028

29.8283 ZAR

25p ordinary

 SWAP

Increasing Short

9,456

29.8200 ZAR

25p ordinary

 CFD

Increasing Short

9,488

1.4619 GBP

25p ordinary

 CFD

Increasing Short

9,732

1.4679 GBP

25p ordinary

 CFD

Increasing Short

11,036

30.0027 ZAR

25p ordinary

 CFD

Increasing Short

19,476

29.9826 ZAR

25p ordinary

 SWAP

Increasing Short

21,002

1.4676 GBP

25p ordinary

 SWAP

Increasing Short

32,455

1.4730 GBP

25p ordinary

 CFD

Increasing Short

35,160

29.8080 ZAR

25p ordinary

 SWAP

Increasing Short

50,276

1.4615 GBP

25p ordinary

 CFD

Increasing Short

102,936

1.4788 GBP

25p ordinary

 CFD

Increasing Short

528,328

1.4616 GBP

25p ordinary

 CFD

Increasing Short

530,376

29.8524 ZAR

25p ordinary

 CFD

Opening Long

12

1.4800 GBP

25p ordinary

 CFD

Opening Long

4,028

29.8200 ZAR

25p ordinary

 CFD

Opening Long

4,028

29.8200 ZAR

25p ordinary

 CFD

Opening Long

4,028

29.8283 ZAR

25p ordinary

 CFD

Opening Long

9,488

1.4619 GBP

25p ordinary

 CFD

Opening Long

9,732

1.4679 GBP

25p ordinary

 CFD

Opening Long

11,036

30.0027 ZAR

25p ordinary

 CFD

Opening Long

19,476

29.9826 ZAR

25p ordinary

 CFD

Opening Long

35,160

29.8080 ZAR

25p ordinary

 CFD

Opening Long

102,936

1.4788 GBP

25p ordinary

 CFD

Opening Long

528,328

1.4616 GBP

25p ordinary

 CFD

Opening Long

530,376

29.8524 ZAR

25p ordinary

 CFD

Opening Short

12

1.4800 GBP

25p ordinary

 CFD

Opening Short

4,028

29.8200 ZAR

25p ordinary

 CFD

Opening Short

4,028

29.8200 ZAR

25p ordinary

 CFD

Opening Short

4,028

29.8283 ZAR

25p ordinary

 CFD

Opening Short

9,488

1.4619 GBP

25p ordinary

 CFD

Opening Short

9,732

1.4679 GBP

25p ordinary

 CFD

Opening Short

11,036

30.0027 ZAR

25p ordinary

 CFD

Opening Short

19,476

29.9826 ZAR

25p ordinary

 CFD

Opening Short

35,160

29.8080 ZAR

25p ordinary

 CFD

Opening Short

102,936

1.4788 GBP

25p ordinary

 CFD

Opening Short

528,328

1.4616 GBP

25p ordinary

 CFD

Opening Short

530,376

29.8524 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:

22 Jul 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213