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:

12 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:

10,174,347

1.19%

7,636,049

0.90%

(2)

Cash-settled derivatives:

7,199,627

0.85%

8,820,203

1.04%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,373,974

2.04%

16,456,252

1.93%

(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

239,066

1.1320 GBP

1.0908 GBP

25p ordinary

Sale

207,744

1.1320 GBP

1.0907 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

1.1220 GBP

25p ordinary

 SWAP

Decreasing Long

22

1.1320 GBP

25p ordinary

 CFD

Decreasing Long

56

1.0907 GBP

25p ordinary

 SWAP

Decreasing Long

402

22.8106 ZAR

25p ordinary

 CFD

Decreasing Long

1,608

22.8044 ZAR

25p ordinary

 SWAP

Decreasing Long

2,947

1.1242 GBP

25p ordinary

 CFD

Decreasing Long

4,692

1.1157 GBP

25p ordinary

 SWAP

Decreasing Long

5,322

1.1047 GBP

25p ordinary

 SWAP

Decreasing Long

9,885

1.1225 GBP

25p ordinary

 CFD

Decreasing Long

14,536

1.1320 GBP

25p ordinary

 CFD

Decreasing Long

14,592

1.1126 GBP

25p ordinary

 SWAP

Decreasing Long

16,096

1.1320 GBP

25p ordinary

 CFD

Decreasing Long

21,944

1.0988 GBP

25p ordinary

 CFD

Decreasing Long

24,868

22.5580 ZAR

25p ordinary

 CFD

Decreasing Long

25,112

1.0914 GBP

25p ordinary

 CFD

Decreasing Long

28,132

22.4046 ZAR

25p ordinary

 SWAP

Decreasing Long

28,614

1.0957 GBP

25p ordinary

 CFD

Decreasing Long

54,220

1.1222 GBP

25p ordinary

 SWAP

Decreasing Short

648

1.1308 GBP

25p ordinary

 SWAP

Decreasing Short

1,370

1.1284 GBP

25p ordinary

 SWAP

Decreasing Short

1,966

1.0909 GBP

25p ordinary

 SWAP

Decreasing Short

2,677

1.0935 GBP

25p ordinary

 SWAP

Decreasing Short

2,700

1.1098 GBP

25p ordinary

 SWAP

Decreasing Short

3,979

1.1260 GBP

25p ordinary

 SWAP

Decreasing Short

4,240

1.1037 GBP

25p ordinary

 SWAP

Decreasing Short

7,940

1.1122 GBP

25p ordinary

 SWAP

Decreasing Short

8,171

1.1054 GBP

25p ordinary

 SWAP

Decreasing Short

19,656

1.1319 GBP

25p ordinary

 SWAP

Increasing Long

6,217

22.5648 ZAR

25p ordinary

 SWAP

Increasing Long

7,033

22.3979 ZAR

25p ordinary

 CFD

Increasing Short

56

1.0907 GBP

25p ordinary

 CFD

Increasing Short

1,608

22.8044 ZAR

25p ordinary

 SWAP

Increasing Short

3,000

1.1010 GBP

25p ordinary

 CFD

Increasing Short

4,692

1.1157 GBP

25p ordinary

 CFD

Increasing Short

14,536

1.1320 GBP

25p ordinary

 CFD

Increasing Short

14,592

1.1126 GBP

25p ordinary

 CFD

Increasing Short

21,944

1.0988 GBP

25p ordinary

 CFD

Increasing Short

24,868

22.5580 ZAR

25p ordinary

 CFD

Increasing Short

25,112

1.0914 GBP

25p ordinary

 CFD

Increasing Short

28,132

22.4046 ZAR

25p ordinary

 CFD

Increasing Short

54,220

1.1222 GBP

25p ordinary

 CFD

Opening Long

56

1.0907 GBP

25p ordinary

 CFD

Opening Long

1,608

22.8044 ZAR

25p ordinary

 CFD

Opening Long

4,692

1.1157 GBP

25p ordinary

 CFD

Opening Long

14,536

1.1320 GBP

25p ordinary

 CFD

Opening Long

14,592

1.1126 GBP

25p ordinary

 CFD

Opening Long

21,944

1.0988 GBP

25p ordinary

 CFD

Opening Long

24,868

22.5580 ZAR

25p ordinary

 CFD

Opening Long

25,112

1.0914 GBP

25p ordinary

 SWAP

Opening Long

27,595

1.1087 GBP

25p ordinary

 CFD

Opening Long

28,132

22.4046 ZAR

25p ordinary

 CFD

Opening Long

54,220

1.1222 GBP

25p ordinary

 CFD

Opening Short

56

1.0907 GBP

25p ordinary

 CFD

Opening Short

1,608

22.8044 ZAR

25p ordinary

 CFD

Opening Short

4,692

1.1157 GBP

25p ordinary

 SWAP

Opening Short

5,000

1.0911 GBP

25p ordinary

 CFD

Opening Short

14,536

1.1320 GBP

25p ordinary

 CFD

Opening Short

14,592

1.1126 GBP

25p ordinary

 CFD

Opening Short

21,944

1.0988 GBP

25p ordinary

 CFD

Opening Short

24,868

22.5580 ZAR

25p ordinary

 CFD

Opening Short

25,112

1.0914 GBP

25p ordinary

 CFD

Opening Short

28,132

22.4046 ZAR

25p ordinary

 CFD

Opening Short

54,220

1.1222 GBP

25p ordinary

 SWAP

Opening Short

51,710

1.1149 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:

13 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213