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:

15 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:

10,663,932

1.25%

7,131,555

0.84%

(2)

Cash-settled derivatives:

7,355,543

0.86%

9,726,012

1.14%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,019,475

2.12%

16,857,567

1.98%

(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

198,331

1.0600 GBP

1.0411 GBP

25p ordinary

Sale

176,952

1.0600 GBP

1.043 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

25p ordinary

 CFD

Decreasing Long

4,780

22.4153 ZAR

25p ordinary

 CFD

Decreasing Long

6,620

22.2036 ZAR

25p ordinary

 SWAP

Decreasing Long

6,663

22.3633 ZAR

25p ordinary

 CFD

Decreasing Long

8,832

1.0441 GBP

25p ordinary

 CFD

Decreasing Long

18,432

22.3871 ZAR

25p ordinary

 CFD

Decreasing Long

23,824

1.0450 GBP

25p ordinary

 SWAP

Decreasing Long

25,018

22.5430 ZAR

25p ordinary

 CFD

Decreasing Long

25,384

1.0459 GBP

25p ordinary

 CFD

Decreasing Long

26,204

22.7409 ZAR

25p ordinary

 CFD

Decreasing Long

26,652

22.3700 ZAR

25p ordinary

 CFD

Decreasing Long

26,736

1.0539 GBP

25p ordinary

 CFD

Decreasing Long

46,288

22.2699 ZAR

25p ordinary

 CFD

Decreasing Long

99,312

1.0539 GBP

25p ordinary

 CFD

Decreasing Long

100,072

22.5362 ZAR

25p ordinary

 CFD

Decreasing Long

197,416

1.0470 GBP

25p ordinary

 SWAP

Decreasing Short

140

1.0429 GBP

25p ordinary

 SWAP

Decreasing Short

186

1.0463 GBP

25p ordinary

 SWAP

Decreasing Short

691

1.0536 GBP

25p ordinary

 SWAP

Decreasing Short

1,206

1.0430 GBP

25p ordinary

 SWAP

Decreasing Short

1,418

1.0457 GBP

25p ordinary

 CFD

Decreasing Short

4,780

22.4153 ZAR

25p ordinary

 CFD

Decreasing Short

6,620

22.2036 ZAR

25p ordinary

 CFD

Decreasing Short

8,832

1.0441 GBP

25p ordinary

 CFD

Decreasing Short

18,432

22.3871 ZAR

25p ordinary

 SWAP

Decreasing Short

22,459

1.0509 GBP

25p ordinary

 CFD

Decreasing Short

23,824

1.0450 GBP

25p ordinary

 CFD

Decreasing Short

25,384

1.0459 GBP

25p ordinary

 CFD

Decreasing Short

26,204

22.7409 ZAR

25p ordinary

 CFD

Decreasing Short

26,652

22.3700 ZAR

25p ordinary

 CFD

Decreasing Short

26,736

1.0539 GBP

25p ordinary

 CFD

Decreasing Short

46,288

22.2699 ZAR

25p ordinary

 CFD

Decreasing Short

99,312

1.0539 GBP

25p ordinary

 CFD

Decreasing Short

100,072

22.5362 ZAR

25p ordinary

 CFD

Decreasing Short

197,416

1.0470 GBP

25p ordinary

 SWAP

Increasing Long

156

1.0500 GBP

25p ordinary

 SWAP

Increasing Long

468

1.0450 GBP

25p ordinary

 SWAP

Increasing Long

862

1.0450 GBP

25p ordinary

 SWAP

Increasing Long

1,655

22.1975 ZAR

25p ordinary

 SWAP

Increasing Long

2,249

1.0476 GBP

25p ordinary

 SWAP

Increasing Long

4,608

22.3933 ZAR

25p ordinary

 SWAP

Increasing Long

6,551

22.7500 ZAR

25p ordinary

 SWAP

Increasing Long

11,274

1.0516 GBP

25p ordinary

 SWAP

Increasing Long

11,572

22.2638 ZAR

25p ordinary

 SWAP

Increasing Long

15,218

1.0481 GBP

25p ordinary

 SWAP

Increasing Long

17,900

1.0458 GBP

25p ordinary

 SWAP

Increasing Long

57,948

22.3100 ZAR

25p ordinary

 SWAP

Increasing Short

2,000

1.0550 GBP

25p ordinary

 SWAP

Increasing Short

57,948

22.3100 ZAR

25p ordinary

 CFD

Opening Long

4,780

22.4153 ZAR

25p ordinary

 CFD

Opening Long

6,620

22.2036 ZAR

25p ordinary

 CFD

Opening Long

8,832

1.0441 GBP

25p ordinary

 CFD

Opening Long

18,432

22.3871 ZAR

25p ordinary

 CFD

Opening Long

23,824

1.0450 GBP

25p ordinary

 CFD

Opening Long

25,384

1.0459 GBP

25p ordinary

 CFD

Opening Long

26,204

22.7409 ZAR

25p ordinary

 CFD

Opening Long

26,652

22.3700 ZAR

25p ordinary

 CFD

Opening Long

26,736

1.0539 GBP

25p ordinary

 CFD

Opening Long

46,288

22.2699 ZAR

25p ordinary

 CFD

Opening Long

99,312

1.0539 GBP

25p ordinary

 CFD

Opening Long

100,072

22.5362 ZAR

25p ordinary

 CFD

Opening Long

197,416

1.0470 GBP

25p ordinary

 CFD

Opening Short

4,780

22.4153 ZAR

25p ordinary

 CFD

Opening Short

6,620

22.2036 ZAR

25p ordinary

 CFD

Opening Short

8,832

1.0441 GBP

25p ordinary

 CFD

Opening Short

18,432

22.3871 ZAR

25p ordinary

 CFD

Opening Short

23,824

1.0450 GBP

25p ordinary

 CFD

Opening Short

25,384

1.0459 GBP

25p ordinary

 CFD

Opening Short

26,204

22.7409 ZAR

25p ordinary

 CFD

Opening Short

26,652

22.3700 ZAR

25p ordinary

 CFD

Opening Short

26,736

1.0539 GBP

25p ordinary

 CFD

Opening Short

46,288

22.2699 ZAR

25p ordinary

 CFD

Opening Short

99,312

1.0539 GBP

25p ordinary

 CFD

Opening Short

100,072

22.5362 ZAR

25p ordinary

 CFD

Opening Short

197,416

1.0470 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:

16 Dec 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213