CAPC.L Regulatory News (CAPC)

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 December 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:

10,623,807

1.25%

7,479,551

0.88%

(2)

Cash-settled derivatives:

7,760,224

0.91%

9,628,120

1.13%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,384,031

2.16%

17,107,671

2.01%

(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

149,826

1.0232 GBP

1.0163 GBP

25p ordinary

Sale

88,755

1.0220 GBP

1.0158 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

6

1.0200 GBP

25p ordinary

 SWAP

Decreasing Long

64

1.0170 GBP

25p ordinary

 CFD

Decreasing Long

744

1.0219 GBP

25p ordinary

 CFD

Decreasing Long

1,972

1.0220 GBP

25p ordinary

 CFD

Decreasing Long

2,644

21.0045 ZAR

25p ordinary

 SWAP

Decreasing Long

3,006

1.0210 GBP

25p ordinary

 CFD

Decreasing Long

3,204

1.0191 GBP

25p ordinary

 SWAP

Decreasing Long

4,688

21.2500 ZAR

25p ordinary

 CFD

Decreasing Long

4,892

1.0214 GBP

25p ordinary

 CFD

Decreasing Long

5,920

21.2441 ZAR

25p ordinary

 CFD

Decreasing Long

7,620

1.0213 GBP

25p ordinary

 SWAP

Decreasing Long

9,325

1.0178 GBP

25p ordinary

 CFD

Decreasing Long

10,916

21.0500 ZAR

25p ordinary

 CFD

Decreasing Long

12,944

1.0171 GBP

25p ordinary

 SWAP

Decreasing Long

12,992

1.0220 GBP

25p ordinary

 SWAP

Decreasing Long

15,640

1.0173 GBP

25p ordinary

 CFD

Decreasing Long

20,516

1.0220 GBP

25p ordinary

 CFD

Decreasing Long

21,536

1.0174 GBP

25p ordinary

 CFD

Decreasing Long

24,180

1.0232 GBP

25p ordinary

 CFD

Decreasing Long

26,368

21.0414 ZAR

25p ordinary

 SWAP

Decreasing Long

27,445

1.0182 GBP

25p ordinary

 SWAP

Decreasing Long

28,152

1.0220 GBP

25p ordinary

 SWAP

Decreasing Short

472

1.0188 GBP

25p ordinary

 SWAP

Decreasing Short

472

1.0210 GBP

25p ordinary

 SWAP

Decreasing Short

3,175

1.0194 GBP

25p ordinary

 SWAP

Decreasing Short

3,196

1.0204 GBP

25p ordinary

 SWAP

Decreasing Short

3,208

21.2500 ZAR

25p ordinary

 SWAP

Decreasing Short

5,049

1.0219 GBP

25p ordinary

 SWAP

Increasing Long

2,729

21.0563 ZAR

25p ordinary

 SWAP

Increasing Long

6,592

21.0351 ZAR

25p ordinary

 SWAP

Increasing Short

1

1.0149 GBP

25p ordinary

 CFD

Increasing Short

744

1.0219 GBP

25p ordinary

 CFD

Increasing Short

1,972

1.0220 GBP

25p ordinary

 CFD

Increasing Short

2,644

21.0045 ZAR

25p ordinary

 SWAP

Increasing Short

2,656

1.0199 GBP

25p ordinary

 SWAP

Increasing Short

3,006

1.0210 GBP

25p ordinary

 CFD

Increasing Short

3,204

1.0191 GBP

25p ordinary

 SWAP

Increasing Short

3,699

1.0154 GBP

25p ordinary

 CFD

Increasing Short

4,892

1.0214 GBP

25p ordinary

 CFD

Increasing Short

5,920

21.2441 ZAR

25p ordinary

 CFD

Increasing Short

7,620

1.0213 GBP

25p ordinary

 CFD

Increasing Short

10,916

21.0500 ZAR

25p ordinary

 CFD

Increasing Short

12,944

1.0171 GBP

25p ordinary

 CFD

Increasing Short

20,516

1.0220 GBP

25p ordinary

 CFD

Increasing Short

21,536

1.0174 GBP

25p ordinary

 CFD

Increasing Short

24,180

1.0232 GBP

25p ordinary

 SWAP

Increasing Short

25,552

1.0193 GBP

25p ordinary

 CFD

Increasing Short

26,368

21.0414 ZAR

25p ordinary

 CFD

Opening Long

744

1.0219 GBP

25p ordinary

 CFD

Opening Long

1,972

1.0220 GBP

25p ordinary

 CFD

Opening Long

2,644

21.0045 ZAR

25p ordinary

 CFD

Opening Long

3,204

1.0191 GBP

25p ordinary

 CFD

Opening Long

4,892

1.0214 GBP

25p ordinary

 CFD

Opening Long

5,920

21.2441 ZAR

25p ordinary

 CFD

Opening Long

7,620

1.0213 GBP

25p ordinary

 CFD

Opening Long

10,916

21.0500 ZAR

25p ordinary

 CFD

Opening Long

12,944

1.0171 GBP

25p ordinary

 CFD

Opening Long

20,516

1.0220 GBP

25p ordinary

 CFD

Opening Long

21,536

1.0174 GBP

25p ordinary

 CFD

Opening Long

24,180

1.0232 GBP

25p ordinary

 CFD

Opening Long

26,368

21.0414 ZAR

25p ordinary

 CFD

Opening Short

744

1.0219 GBP

25p ordinary

 CFD

Opening Short

1,972

1.0220 GBP

25p ordinary

 CFD

Opening Short

2,644

21.0045 ZAR

25p ordinary

 CFD

Opening Short

3,204

1.0191 GBP

25p ordinary

 CFD

Opening Short

4,892

1.0214 GBP

25p ordinary

 CFD

Opening Short

5,920

21.2441 ZAR

25p ordinary

 CFD

Opening Short

7,620

1.0213 GBP

25p ordinary

 CFD

Opening Short

10,916

21.0500 ZAR

25p ordinary

 CFD

Opening Short

12,944

1.0171 GBP

25p ordinary

 SWAP

Opening Short

12,992

1.0220 GBP

25p ordinary

 CFD

Opening Short

20,516

1.0220 GBP

25p ordinary

 CFD

Opening Short

21,536

1.0174 GBP

25p ordinary

 CFD

Opening Short

24,180

1.0232 GBP

25p ordinary

 CFD

Opening Short

26,368

21.0414 ZAR

25p ordinary

 SWAP

Opening Short

28,152

1.0220 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:

23 Dec 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213