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:

28 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:

10,537,313

1.24%

7,556,783

0.89%

(2)

Cash-settled derivatives:

7,825,338

0.92%

9,555,121

1.12%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,362,651

2.16%

17,111,904

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

106,897

1.0540 GBP

1.041 GBP

25p ordinary

Sale

308,386

1.0540 GBP

1.0383 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

586

21.5312 ZAR

25p ordinary

 SWAP

Decreasing Long

1,522

21.6145 ZAR

25p ordinary

 SWAP

Decreasing Long

2,462

21.6106 ZAR

25p ordinary

 SWAP

Decreasing Short

480

1.0540 GBP

25p ordinary

 SWAP

Decreasing Short

573

1.0456 GBP

25p ordinary

 SWAP

Decreasing Short

1,217

1.0409 GBP

25p ordinary

 SWAP

Decreasing Short

1,522

21.6145 ZAR

25p ordinary

 SWAP

Decreasing Short

1,842

1.0471 GBP

25p ordinary

 SWAP

Decreasing Short

2,147

1.0439 GBP

25p ordinary

 SWAP

Decreasing Short

2,462

21.6106 ZAR

25p ordinary

 SWAP

Decreasing Short

2,573

1.0383 GBP

25p ordinary

 SWAP

Decreasing Short

6,937

1.0539 GBP

25p ordinary

 SWAP

Decreasing Short

19,883

1.0445 GBP

25p ordinary

 SWAP

Decreasing Short

48,426

1.0504 GBP

25p ordinary

 CFD

Increasing Long

8

1.0450 GBP

25p ordinary

 SWAP

Increasing Long

82

1.0450 GBP

25p ordinary

 CFD

Increasing Long

204

1.0496 GBP

25p ordinary

 CFD

Increasing Long

208

1.0540 GBP

25p ordinary

 SWAP

Increasing Long

1,500

1.0520 GBP

25p ordinary

 SWAP

Increasing Long

1,629

1.0440 GBP

25p ordinary

 CFD

Increasing Long

2,344

21.5372 ZAR

25p ordinary

 SWAP

Increasing Long

2,865

1.0519 GBP

25p ordinary

 SWAP

Increasing Long

3,574

1.0428 GBP

25p ordinary

 SWAP

Increasing Long

7,285

1.0496 GBP

25p ordinary

 SWAP

Increasing Long

10,458

1.0487 GBP

25p ordinary

 SWAP

Increasing Long

11,117

21.6737 ZAR

25p ordinary

 SWAP

Increasing Long

11,641

1.0469 GBP

25p ordinary

 SWAP

Increasing Long

12,554

21.5209 ZAR

25p ordinary

 SWAP

Increasing Long

13,915

1.0401 GBP

25p ordinary

 SWAP

Increasing Long

18,029

1.0495 GBP

25p ordinary

 SWAP

Increasing Long

18,789

1.0476 GBP

25p ordinary

 SWAP

Increasing Long

26,304

1.0472 GBP

25p ordinary

 SWAP

Increasing Long

37,084

1.0540 GBP

25p ordinary

 CFD

Increasing Long

41,676

1.0455 GBP

25p ordinary

 CFD

Increasing Long

44,468

21.6672 ZAR

25p ordinary

 CFD

Increasing Long

46,308

1.0407 GBP

25p ordinary

 SWAP

Increasing Long

47,710

1.0500 GBP

25p ordinary

 SWAP

Increasing Long

48,426

1.0504 GBP

25p ordinary

 CFD

Increasing Long

50,216

21.5274 ZAR

25p ordinary

 CFD

Increasing Short

8

1.0450 GBP

25p ordinary

 CFD

Increasing Short

204

1.0496 GBP

25p ordinary

 CFD

Increasing Short

208

1.0540 GBP

25p ordinary

 CFD

Increasing Short

2,344

21.5372 ZAR

25p ordinary

 SWAP

Increasing Short

37,084

1.0540 GBP

25p ordinary

 CFD

Increasing Short

41,676

1.0455 GBP

25p ordinary

 CFD

Increasing Short

44,468

21.6672 ZAR

25p ordinary

 CFD

Increasing Short

46,308

1.0407 GBP

25p ordinary

 CFD

Increasing Short

50,216

21.5274 ZAR

25p ordinary

 CFD

Opening Long

8

1.0450 GBP

25p ordinary

 CFD

Opening Long

204

1.0496 GBP

25p ordinary

 CFD

Opening Long

208

1.0540 GBP

25p ordinary

 CFD

Opening Long

2,344

21.5372 ZAR

25p ordinary

 CFD

Opening Long

41,676

1.0455 GBP

25p ordinary

 CFD

Opening Long

44,468

21.6672 ZAR

25p ordinary

 CFD

Opening Long

46,308

1.0407 GBP

25p ordinary

 CFD

Opening Long

50,216

21.5274 ZAR

25p ordinary

 CFD

Opening Short

8

1.0450 GBP

25p ordinary

 CFD

Opening Short

204

1.0496 GBP

25p ordinary

 CFD

Opening Short

208

1.0540 GBP

25p ordinary

 CFD

Opening Short

2,344

21.5372 ZAR

25p ordinary

 SWAP

Opening Short

37,084

1.0540 GBP

25p ordinary

 CFD

Opening Short

41,676

1.0455 GBP

25p ordinary

 CFD

Opening Short

44,468

21.6672 ZAR

25p ordinary

 CFD

Opening Short

46,308

1.0407 GBP

25p ordinary

 CFD

Opening Short

50,216

21.5274 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:

29 Dec 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213