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:

24 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:

9,601,942

1.13%

7,279,465

0.85%

(2)

Cash-settled derivatives:

7,387,741

0.87%

8,190,048

0.96%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,989,683

2.00%

15,469,513

1.82%

(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

215,115

1.1280 GBP

1.106 GBP

25p ordinary

Sale

292,990

1.1281 GBP

1.104 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

4,056

23.7586 ZAR

25p ordinary

 SWAP

Decreasing Long

10,232

23.8384 ZAR

25p ordinary

 SWAP

Decreasing Short

260

1.1259 GBP

25p ordinary

 SWAP

Decreasing Short

665

1.1226 GBP

25p ordinary

 SWAP

Decreasing Short

728

1.1247 GBP

25p ordinary

 SWAP

Decreasing Short

800

1.1189 GBP

25p ordinary

 SWAP

Decreasing Short

1,450

1.1161 GBP

25p ordinary

 SWAP

Decreasing Short

3,316

1.1279 GBP

25p ordinary

 SWAP

Decreasing Short

3,438

1.1218 GBP

25p ordinary

 SWAP

Decreasing Short

5,260

1.1139 GBP

25p ordinary

 SWAP

Decreasing Short

22,000

1.1223 GBP

25p ordinary

 CFD

Increasing Long

8

1.1250 GBP

25p ordinary

 CFD

Increasing Long

64

1.1131 GBP

25p ordinary

 CFD

Increasing Long

64

1.1281 GBP

25p ordinary

 SWAP

Increasing Long

117

1.1230 GBP

25p ordinary

 SWAP

Increasing Long

352

1.1280 GBP

25p ordinary

 CFD

Increasing Long

932

23.7232 ZAR

25p ordinary

 SWAP

Increasing Long

2,271

23.7400 ZAR

25p ordinary

 SWAP

Increasing Long

2,381

1.1280 GBP

25p ordinary

 CFD

Increasing Long

3,200

23.7065 ZAR

25p ordinary

 SWAP

Increasing Long

3,576

1.1174 GBP

25p ordinary

 CFD

Increasing Long

4,124

23.7338 ZAR

25p ordinary

 SWAP

Increasing Long

4,501

1.1277 GBP

25p ordinary

 CFD

Increasing Long

9,084

23.7334 ZAR

25p ordinary

 CFD

Increasing Long

10,264

1.1230 GBP

25p ordinary

 CFD

Increasing Long

15,992

1.1163 GBP

25p ordinary

 CFD

Increasing Long

16,224

23.7657 ZAR

25p ordinary

 SWAP

Increasing Long

21,077

23.7000 ZAR

25p ordinary

 SWAP

Increasing Long

30,607

1.1180 GBP

25p ordinary

 CFD

Increasing Long

40,696

1.1222 GBP

25p ordinary

 CFD

Increasing Long

40,740

1.1221 GBP

25p ordinary

 CFD

Increasing Long

40,928

23.8313 ZAR

25p ordinary

 SWAP

Increasing Long

57,147

1.1130 GBP

25p ordinary

 CFD

Increasing Long

81,108

23.7094 ZAR

25p ordinary

 CFD

Increasing Long

276,096

1.1211 GBP

25p ordinary

 CFD

Increasing Short

8

1.1250 GBP

25p ordinary

 CFD

Increasing Short

64

1.1131 GBP

25p ordinary

 CFD

Increasing Short

64

1.1281 GBP

25p ordinary

 CFD

Increasing Short

932

23.7232 ZAR

25p ordinary

 CFD

Increasing Short

3,200

23.7065 ZAR

25p ordinary

 CFD

Increasing Short

4,124

23.7338 ZAR

25p ordinary

 CFD

Increasing Short

9,084

23.7334 ZAR

25p ordinary

 CFD

Increasing Short

10,264

1.1230 GBP

25p ordinary

 CFD

Increasing Short

15,992

1.1163 GBP

25p ordinary

 CFD

Increasing Short

16,224

23.7657 ZAR

25p ordinary

 SWAP

Increasing Short

22,700

1.1061 GBP

25p ordinary

 CFD

Increasing Short

40,696

1.1222 GBP

25p ordinary

 CFD

Increasing Short

40,740

1.1221 GBP

25p ordinary

 CFD

Increasing Short

40,928

23.8313 ZAR

25p ordinary

 CFD

Increasing Short

81,108

23.7094 ZAR

25p ordinary

 CFD

Increasing Short

276,096

1.1211 GBP

25p ordinary

 CFD

Opening Long

8

1.1250 GBP

25p ordinary

 CFD

Opening Long

64

1.1131 GBP

25p ordinary

 CFD

Opening Long

64

1.1281 GBP

25p ordinary

 CFD

Opening Long

932

23.7232 ZAR

25p ordinary

 CFD

Opening Long

3,200

23.7065 ZAR

25p ordinary

 CFD

Opening Long

4,124

23.7338 ZAR

25p ordinary

 CFD

Opening Long

9,084

23.7334 ZAR

25p ordinary

 CFD

Opening Long

10,264

1.1230 GBP

25p ordinary

 CFD

Opening Long

15,992

1.1163 GBP

25p ordinary

 CFD

Opening Long

16,224

23.7657 ZAR

25p ordinary

 CFD

Opening Long

40,696

1.1222 GBP

25p ordinary

 CFD

Opening Long

40,740

1.1221 GBP

25p ordinary

 CFD

Opening Long

40,928

23.8313 ZAR

25p ordinary

 CFD

Opening Long

81,108

23.7094 ZAR

25p ordinary

 CFD

Opening Long

276,096

1.1211 GBP

25p ordinary

 CFD

Opening Short

8

1.1250 GBP

25p ordinary

 CFD

Opening Short

64

1.1131 GBP

25p ordinary

 CFD

Opening Short

64

1.1281 GBP

25p ordinary

 CFD

Opening Short

932

23.7232 ZAR

25p ordinary

 CFD

Opening Short

3,200

23.7065 ZAR

25p ordinary

 CFD

Opening Short

4,124

23.7338 ZAR

25p ordinary

 CFD

Opening Short

9,084

23.7334 ZAR

25p ordinary

 CFD

Opening Short

10,264

1.1230 GBP

25p ordinary

 CFD

Opening Short

15,992

1.1163 GBP

25p ordinary

 CFD

Opening Short

16,224

23.7657 ZAR

25p ordinary

 CFD

Opening Short

40,696

1.1222 GBP

25p ordinary

 CFD

Opening Short

40,740

1.1221 GBP

25p ordinary

 CFD

Opening Short

40,928

23.8313 ZAR

25p ordinary

 CFD

Opening Short

81,108

23.7094 ZAR

25p ordinary

 CFD

Opening Short

276,096

1.1211 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:

25 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213