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:

16 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:

10,158,166

1.19%

7,369,228

0.87%

(2)

Cash-settled derivatives:

7,111,855

0.84%

8,806,147

1.03%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,270,021

2.03%

16,175,375

1.90%

(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

260,833

1.1316 GBP

1.116 GBP

25p ordinary

Sale

60,212

1.1299 GBP

1.116 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

1.1300 GBP

25p ordinary

 CFD

Decreasing Long

60

23.2106 ZAR

25p ordinary

 SWAP

Decreasing Long

432

23.1377 ZAR

25p ordinary

 CFD

Decreasing Long

568

1.1235 GBP

25p ordinary

 CFD

Decreasing Long

568

1.1259 GBP

25p ordinary

 CFD

Decreasing Long

1,728

1.1209 GBP

25p ordinary

 CFD

Decreasing Long

1,728

23.1446 ZAR

25p ordinary

 SWAP

Decreasing Long

2,060

1.1260 GBP

25p ordinary

 SWAP

Decreasing Long

2,205

1.1239 GBP

25p ordinary

 SWAP

Decreasing Long

4,169

1.1240 GBP

25p ordinary

 CFD

Decreasing Long

4,580

1.1331 GBP

25p ordinary

 SWAP

Decreasing Long

6,869

1.1212 GBP

25p ordinary

 SWAP

Decreasing Long

7,421

1.1260 GBP

25p ordinary

 SWAP

Decreasing Long

8,510

1.1248 GBP

25p ordinary

 SWAP

Decreasing Long

8,804

1.1250 GBP

25p ordinary

 SWAP

Decreasing Long

19,817

23.2326 ZAR

25p ordinary

 CFD

Decreasing Long

79,268

23.2257 ZAR

25p ordinary

 CFD

Decreasing Long

79,268

1.1194 GBP

25p ordinary

 CFD

Decreasing Short

4

1.1300 GBP

25p ordinary

 CFD

Decreasing Short

60

23.2106 ZAR

25p ordinary

 CFD

Decreasing Short

568

1.1235 GBP

25p ordinary

 CFD

Decreasing Short

568

1.1259 GBP

25p ordinary

 SWAP

Decreasing Short

747

1.1299 GBP

25p ordinary

 SWAP

Decreasing Short

1,140

1.1169 GBP

25p ordinary

 SWAP

Decreasing Short

1,468

1.1189 GBP

25p ordinary

 SWAP

Decreasing Short

1,503

1.1201 GBP

25p ordinary

 CFD

Decreasing Short

1,728

1.1209 GBP

25p ordinary

 CFD

Decreasing Short

1,728

23.1446 ZAR

25p ordinary

 SWAP

Decreasing Short

1,783

1.1174 GBP

25p ordinary

 SWAP

Decreasing Short

2,173

1.1278 GBP

25p ordinary

 SWAP

Decreasing Short

2,879

1.1188 GBP

25p ordinary

 SWAP

Decreasing Short

3,102

1.1222 GBP

25p ordinary

 SWAP

Decreasing Short

4,169

1.1240 GBP

25p ordinary

 CFD

Decreasing Short

4,580

1.1331 GBP

25p ordinary

 SWAP

Decreasing Short

6,000

1.1191 GBP

25p ordinary

 SWAP

Decreasing Short

7,280

1.1259 GBP

25p ordinary

 CFD

Decreasing Short

79,268

23.2257 ZAR

25p ordinary

 CFD

Decreasing Short

79,268

1.1194 GBP

25p ordinary

 SWAP

Increasing Short

19,148

1.1205 GBP

25p ordinary

 CFD

Opening Long

4

1.1300 GBP

25p ordinary

 CFD

Opening Long

60

23.2106 ZAR

25p ordinary

 CFD

Opening Long

568

1.1235 GBP

25p ordinary

 CFD

Opening Long

568

1.1259 GBP

25p ordinary

 CFD

Opening Long

1,728

1.1209 GBP

25p ordinary

 CFD

Opening Long

1,728

23.1446 ZAR

25p ordinary

 CFD

Opening Long

4,580

1.1331 GBP

25p ordinary

 CFD

Opening Long

79,268

23.2257 ZAR

25p ordinary

 CFD

Opening Long

79,268

1.1194 GBP

25p ordinary

 CFD

Opening Short

4

1.1300 GBP

25p ordinary

 CFD

Opening Short

60

23.2106 ZAR

25p ordinary

 CFD

Opening Short

568

1.1235 GBP

25p ordinary

 CFD

Opening Short

568

1.1259 GBP

25p ordinary

 CFD

Opening Short

1,728

1.1209 GBP

25p ordinary

 CFD

Opening Short

1,728

23.1446 ZAR

25p ordinary

 CFD

Opening Short

4,580

1.1331 GBP

25p ordinary

 SWAP

Opening Short

35,800

1.1203 GBP

25p ordinary

 CFD

Opening Short

79,268

23.2257 ZAR

25p ordinary

 CFD

Opening Short

79,268

1.1194 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:

17 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213