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:

03 January 2023

(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:

10,442,088

1.23%

7,333,922

0.86%

(2)

Cash-settled derivatives:

7,596,991

0.89%

9,446,396

1.11%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,039,079

2.12%

16,780,318

1.97%

(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

721,632

1.0980 GBP

1.0849 GBP

25p ordinary

Sale

511,748

1.0981 GBP

1.0849 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

1.0870 GBP

25p ordinary

 SWAP

Decreasing Long

30

1.0852 GBP

25p ordinary

 SWAP

Decreasing Long

36

1.0855 GBP

25p ordinary

 CFD

Decreasing Long

932

22.0387 ZAR

25p ordinary

 SWAP

Decreasing Long

2,035

22.4014 ZAR

25p ordinary

 SWAP

Decreasing Long

2,166

22.2097 ZAR

25p ordinary

 SWAP

Decreasing Long

2,654

22.2422 ZAR

25p ordinary

 SWAP

Decreasing Long

3,242

1.0970 GBP

25p ordinary

 SWAP

Decreasing Long

3,631

1.0897 GBP

25p ordinary

 SWAP

Decreasing Long

7,047

1.0953 GBP

25p ordinary

 CFD

Decreasing Long

8,140

22.3953 ZAR

25p ordinary

 SWAP

Decreasing Long

10,896

22.2754 ZAR

25p ordinary

 SWAP

Decreasing Long

12,460

1.0928 GBP

25p ordinary

 SWAP

Decreasing Long

12,581

1.0923 GBP

25p ordinary

 SWAP

Decreasing Long

19,863

1.0908 GBP

25p ordinary

 SWAP

Decreasing Long

21,098

1.0920 GBP

25p ordinary

 SWAP

Decreasing Long

22,557

22.3869 ZAR

25p ordinary

 SWAP

Decreasing Long

22,910

1.0928 GBP

25p ordinary

 CFD

Decreasing Long

27,476

1.0959 GBP

25p ordinary

 CFD

Decreasing Long

27,548

1.0850 GBP

25p ordinary

 SWAP

Decreasing Long

37,392

1.0934 GBP

25p ordinary

 CFD

Decreasing Long

40,832

1.0952 GBP

25p ordinary

 CFD

Decreasing Long

43,584

22.2821 ZAR

25p ordinary

 SWAP

Decreasing Long

55,648

1.0850 GBP

25p ordinary

 SWAP

Decreasing Long

73,015

1.0894 GBP

25p ordinary

 CFD

Decreasing Long

80,340

1.0850 GBP

25p ordinary

 CFD

Decreasing Long

86,428

1.0876 GBP

25p ordinary

 SWAP

Decreasing Long

87,727

1.0901 GBP

25p ordinary

 CFD

Decreasing Long

90,228

22.3802 ZAR

25p ordinary

 SWAP

Decreasing Short

7

1.0900 GBP

25p ordinary

 SWAP

Decreasing Short

489

1.0917 GBP

25p ordinary

 SWAP

Decreasing Short

496

1.0906 GBP

25p ordinary

 SWAP

Decreasing Short

659

1.0889 GBP

25p ordinary

 CFD

Decreasing Short

932

22.0387 ZAR

25p ordinary

 SWAP

Decreasing Short

1,199

1.0965 GBP

25p ordinary

 SWAP

Decreasing Short

2,166

22.2097 ZAR

25p ordinary

 SWAP

Decreasing Short

2,654

22.2422 ZAR

25p ordinary

 SWAP

Decreasing Short

4,958

1.0888 GBP

25p ordinary

 SWAP

Decreasing Short

6,418

1.0911 GBP

25p ordinary

 SWAP

Decreasing Short

7,270

1.0923 GBP

25p ordinary

 CFD

Decreasing Short

8,140

22.3953 ZAR

25p ordinary

 SWAP

Decreasing Short

9,399

1.0903 GBP

25p ordinary

 SWAP

Decreasing Short

16,357

1.0849 GBP

25p ordinary

 SWAP

Decreasing Short

23,129

1.0932 GBP

25p ordinary

 CFD

Decreasing Short

27,476

1.0959 GBP

25p ordinary

 CFD

Decreasing Short

27,548

1.0850 GBP

25p ordinary

 CFD

Decreasing Short

40,832

1.0952 GBP

25p ordinary

 CFD

Decreasing Short

43,584

22.2821 ZAR

25p ordinary

 CFD

Decreasing Short

80,340

1.0850 GBP

25p ordinary

 CFD

Decreasing Short

86,428

1.0876 GBP

25p ordinary

 CFD

Decreasing Short

90,228

22.3802 ZAR

25p ordinary

 CFD

Opening Long

932

22.0387 ZAR

25p ordinary

 CFD

Opening Long

8,140

22.3953 ZAR

25p ordinary

 CFD

Opening Long

27,476

1.0959 GBP

25p ordinary

 CFD

Opening Long

27,548

1.0850 GBP

25p ordinary

 CFD

Opening Long

40,832

1.0952 GBP

25p ordinary

 CFD

Opening Long

43,584

22.2821 ZAR

25p ordinary

 CFD

Opening Long

80,340

1.0850 GBP

25p ordinary

 CFD

Opening Long

86,428

1.0876 GBP

25p ordinary

 CFD

Opening Long

90,228

22.3802 ZAR

25p ordinary

 CFD

Opening Short

932

22.0387 ZAR

25p ordinary

 CFD

Opening Short

8,140

22.3953 ZAR

25p ordinary

 CFD

Opening Short

27,476

1.0959 GBP

25p ordinary

 CFD

Opening Short

27,548

1.0850 GBP

25p ordinary

 CFD

Opening Short

40,832

1.0952 GBP

25p ordinary

 CFD

Opening Short

43,584

22.2821 ZAR

25p ordinary

 CFD

Opening Short

80,340

1.0850 GBP

25p ordinary

 CFD

Opening Short

86,428

1.0876 GBP

25p ordinary

 CFD

Opening Short

90,228

22.3802 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:

4 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213