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:

02 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:

9,978,554

1.17%

5,584,846

0.66%

(2)

Cash-settled derivatives:

5,646,758

0.66%

9,103,322

1.07%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,625,312

1.84%

14,688,168

1.73%

(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

285,032

1.0370 GBP

1.0224 GBP

25p ordinary

Sale

301,313

1.0313 GBP

1.0119 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

35

21.7700 ZAR

25p ordinary

 SWAP

Decreasing Long

57

1.0350 GBP

25p ordinary

 SWAP

Decreasing Long

57

1.0360 GBP

25p ordinary

 SWAP

Decreasing Long

342

1.0290 GBP

25p ordinary

 SWAP

Decreasing Long

3,915

21.8477 ZAR

25p ordinary

 SWAP

Decreasing Long

6,652

21.8100 ZAR

25p ordinary

 SWAP

Decreasing Long

13,251

1.0365 GBP

25p ordinary

 SWAP

Decreasing Long

13,321

1.0198 GBP

25p ordinary

 SWAP

Decreasing Long

19,386

1.0247 GBP

25p ordinary

 SWAP

Decreasing Long

21,312

1.0262 GBP

25p ordinary

 SWAP

Decreasing Long

31,278

1.0290 GBP

25p ordinary

 SWAP

Decreasing Short

161

1.0233 GBP

25p ordinary

 SWAP

Decreasing Short

324

1.0273 GBP

25p ordinary

 SWAP

Decreasing Short

511

1.0292 GBP

25p ordinary

 SWAP

Decreasing Short

750

1.0251 GBP

25p ordinary

 SWAP

Decreasing Short

2,000

1.0151 GBP

25p ordinary

 SWAP

Decreasing Short

2,036

1.0254 GBP

25p ordinary

 SWAP

Decreasing Short

3,217

1.0250 GBP

25p ordinary

 SWAP

Decreasing Short

4,329

1.0272 GBP

25p ordinary

 SWAP

Decreasing Short

6,403

1.0289 GBP

25p ordinary

 SWAP

Decreasing Short

7,741

1.0225 GBP

25p ordinary

 CFD

Increasing Long

108

1.0322 GBP

25p ordinary

 CFD

Increasing Long

140

21.7760 ZAR

25p ordinary

 SWAP

Increasing Long

1,714

21.9793 ZAR

25p ordinary

 SWAP

Increasing Long

3,023

21.8100 ZAR

25p ordinary

 CFD

Increasing Long

3,576

1.0360 GBP

25p ordinary

 SWAP

Increasing Long

6,652

21.8100 ZAR

25p ordinary

 CFD

Increasing Long

6,856

21.9727 ZAR

25p ordinary

 CFD

Increasing Long

12,092

21.8100 ZAR

25p ordinary

 CFD

Increasing Long

12,092

21.8100 ZAR

25p ordinary

 CFD

Increasing Long

12,484

21.7925 ZAR

25p ordinary

 CFD

Increasing Long

14,516

21.8187 ZAR

25p ordinary

 CFD

Increasing Long

15,660

21.8417 ZAR

25p ordinary

 CFD

Increasing Long

29,432

21.7552 ZAR

25p ordinary

 SWAP

Increasing Long

34,479

21.8332 ZAR

25p ordinary

 CFD

Increasing Long

42,760

1.0225 GBP

25p ordinary

 CFD

Increasing Long

59,860

1.0246 GBP

25p ordinary

 CFD

Increasing Long

114,984

1.0289 GBP

25p ordinary

 CFD

Increasing Long

133,048

1.0208 GBP

25p ordinary

 CFD

Increasing Long

137,916

21.8398 ZAR

25p ordinary

 CFD

Increasing Long

230,256

1.0289 GBP

25p ordinary

 CFD

Increasing Short

108

1.0322 GBP

25p ordinary

 CFD

Increasing Short

140

21.7760 ZAR

25p ordinary

 SWAP

Increasing Short

1,650

1.0217 GBP

25p ordinary

 SWAP

Increasing Short

3,000

1.0230 GBP

25p ordinary

 CFD

Increasing Short

3,576

1.0360 GBP

25p ordinary

 CFD

Increasing Short

6,856

21.9727 ZAR

25p ordinary

 CFD

Increasing Short

12,092

21.8100 ZAR

25p ordinary

 CFD

Increasing Short

12,092

21.8100 ZAR

25p ordinary

 CFD

Increasing Short

12,484

21.7925 ZAR

25p ordinary

 SWAP

Increasing Short

13,300

1.0101 GBP

25p ordinary

 CFD

Increasing Short

14,516

21.8187 ZAR

25p ordinary

 CFD

Increasing Short

15,660

21.8417 ZAR

25p ordinary

 SWAP

Increasing Short

19,184

1.0246 GBP

25p ordinary

 CFD

Increasing Short

29,432

21.7552 ZAR

25p ordinary

 CFD

Increasing Short

42,760

1.0225 GBP

25p ordinary

 CFD

Increasing Short

59,860

1.0246 GBP

25p ordinary

 CFD

Increasing Short

114,984

1.0289 GBP

25p ordinary

 CFD

Increasing Short

133,048

1.0208 GBP

25p ordinary

 CFD

Increasing Short

137,916

21.8398 ZAR

25p ordinary

 CFD

Increasing Short

230,256

1.0289 GBP

25p ordinary

 CFD

Opening Long

108

1.0322 GBP

25p ordinary

 CFD

Opening Long

140

21.7760 ZAR

25p ordinary

 CFD

Opening Long

3,576

1.0360 GBP

25p ordinary

 CFD

Opening Long

6,856

21.9727 ZAR

25p ordinary

 CFD

Opening Long

12,092

21.8100 ZAR

25p ordinary

 CFD

Opening Long

12,092

21.8100 ZAR

25p ordinary

 CFD

Opening Long

12,484

21.7925 ZAR

25p ordinary

 CFD

Opening Long

14,516

21.8187 ZAR

25p ordinary

 CFD

Opening Long

15,660

21.8417 ZAR

25p ordinary

 CFD

Opening Long

29,432

21.7552 ZAR

25p ordinary

 CFD

Opening Long

42,760

1.0225 GBP

25p ordinary

 CFD

Opening Long

59,860

1.0246 GBP

25p ordinary

 CFD

Opening Long

114,984

1.0289 GBP

25p ordinary

 CFD

Opening Long

133,048

1.0208 GBP

25p ordinary

 CFD

Opening Long

137,916

21.8398 ZAR

25p ordinary

 CFD

Opening Long

230,256

1.0289 GBP

25p ordinary

 CFD

Opening Short

108

1.0322 GBP

25p ordinary

 CFD

Opening Short

140

21.7760 ZAR

25p ordinary

 CFD

Opening Short

3,576

1.0360 GBP

25p ordinary

 CFD

Opening Short

6,856

21.9727 ZAR

25p ordinary

 CFD

Opening Short

12,092

21.8100 ZAR

25p ordinary

 CFD

Opening Short

12,092

21.8100 ZAR

25p ordinary

 CFD

Opening Short

12,484

21.7925 ZAR

25p ordinary

 CFD

Opening Short

14,516

21.8187 ZAR

25p ordinary

 CFD

Opening Short

15,660

21.8417 ZAR

25p ordinary

 CFD

Opening Short

29,432

21.7552 ZAR

25p ordinary

 CFD

Opening Short

42,760

1.0225 GBP

25p ordinary

 CFD

Opening Short

59,860

1.0246 GBP

25p ordinary

 CFD

Opening Short

114,984

1.0289 GBP

25p ordinary

 CFD

Opening Short

133,048

1.0208 GBP

25p ordinary

 CFD

Opening Short

137,916

21.8398 ZAR

25p ordinary

 CFD

Opening Short

230,256

1.0289 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 Dec 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213