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:

09 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:

10,507,581

1.23%

7,801,285

0.92%

(2)

Cash-settled derivatives:

7,467,483

0.88%

9,167,387

1.08%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,975,064

2.11%

16,968,672

1.99%

(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

246,296

1.0748 GBP

1.054 GBP

25p ordinary

Sale

506,199

1.0760 GBP

1.055 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

20

22.2520 ZAR

25p ordinary

 SWAP

Decreasing Long

40

1.0650 GBP

25p ordinary

 SWAP

Decreasing Long

40

1.0670 GBP

25p ordinary

 SWAP

Decreasing Long

102

1.0540 GBP

25p ordinary

 CFD

Decreasing Long

104

1.0569 GBP

25p ordinary

 CFD

Decreasing Long

220

1.0625 GBP

25p ordinary

 SWAP

Decreasing Long

307

1.0570 GBP

25p ordinary

 SWAP

Decreasing Long

610

21.8218 ZAR

25p ordinary

 CFD

Decreasing Long

2,440

21.8158 ZAR

25p ordinary

 SWAP

Decreasing Long

2,538

1.0665 GBP

25p ordinary

 SWAP

Decreasing Long

3,128

1.0570 GBP

25p ordinary

 SWAP

Decreasing Long

6,519

1.0612 GBP

25p ordinary

 SWAP

Decreasing Long

8,009

1.0620 GBP

25p ordinary

 SWAP

Decreasing Long

8,319

1.0590 GBP

25p ordinary

 CFD

Decreasing Long

11,980

1.0570 GBP

25p ordinary

 CFD

Decreasing Long

22,412

1.0600 GBP

25p ordinary

 CFD

Decreasing Long

63,444

1.0623 GBP

25p ordinary

 CFD

Decreasing Long

64,072

1.0681 GBP

25p ordinary

 CFD

Decreasing Long

72,384

21.9556 ZAR

25p ordinary

 CFD

Decreasing Long

73,012

22.0636 ZAR

25p ordinary

 CFD

Decreasing Short

20

22.2520 ZAR

25p ordinary

 CFD

Decreasing Short

104

1.0569 GBP

25p ordinary

 CFD

Decreasing Short

220

1.0625 GBP

25p ordinary

 SWAP

Decreasing Short

497

1.0581 GBP

25p ordinary

 SWAP

Decreasing Short

1,365

1.0649 GBP

25p ordinary

 CFD

Decreasing Short

2,440

21.8158 ZAR

25p ordinary

 SWAP

Decreasing Short

2,450

1.0631 GBP

25p ordinary

 SWAP

Decreasing Short

3,128

1.0570 GBP

25p ordinary

 CFD

Decreasing Short

11,980

1.0570 GBP

25p ordinary

 SWAP

Decreasing Short

16,316

1.0613 GBP

25p ordinary

 CFD

Decreasing Short

22,412

1.0600 GBP

25p ordinary

 CFD

Decreasing Short

63,444

1.0623 GBP

25p ordinary

 CFD

Decreasing Short

64,072

1.0681 GBP

25p ordinary

 CFD

Decreasing Short

72,384

21.9556 ZAR

25p ordinary

 CFD

Decreasing Short

73,012

22.0636 ZAR

25p ordinary

 SWAP

Increasing Long

18,096

21.9622 ZAR

25p ordinary

 SWAP

Increasing Long

18,253

22.0570 ZAR

25p ordinary

 SWAP

Increasing Short

2,000

1.0622 GBP

25p ordinary

 SWAP

Increasing Short

14,000

1.0738 GBP

25p ordinary

 SWAP

Increasing Short

34,600

1.0599 GBP

25p ordinary

 CFD

Opening Long

20

22.2520 ZAR

25p ordinary

 CFD

Opening Long

104

1.0569 GBP

25p ordinary

 CFD

Opening Long

220

1.0625 GBP

25p ordinary

 CFD

Opening Long

2,440

21.8158 ZAR

25p ordinary

 CFD

Opening Long

11,980

1.0570 GBP

25p ordinary

 CFD

Opening Long

22,412

1.0600 GBP

25p ordinary

 CFD

Opening Long

63,444

1.0623 GBP

25p ordinary

 CFD

Opening Long

64,072

1.0681 GBP

25p ordinary

 CFD

Opening Long

72,384

21.9556 ZAR

25p ordinary

 CFD

Opening Long

73,012

22.0636 ZAR

25p ordinary

 CFD

Opening Short

20

22.2520 ZAR

25p ordinary

 CFD

Opening Short

104

1.0569 GBP

25p ordinary

 CFD

Opening Short

220

1.0625 GBP

25p ordinary

 CFD

Opening Short

2,440

21.8158 ZAR

25p ordinary

 CFD

Opening Short

11,980

1.0570 GBP

25p ordinary

 CFD

Opening Short

22,412

1.0600 GBP

25p ordinary

 CFD

Opening Short

63,444

1.0623 GBP

25p ordinary

 CFD

Opening Short

64,072

1.0681 GBP

25p ordinary

 CFD

Opening Short

72,384

21.9556 ZAR

25p ordinary

 CFD

Opening Short

73,012

22.0636 ZAR

25p ordinary

 SWAP

Opening Long

3,128

1.0570 GBP

25p ordinary

 SWAP

Opening Long

3,665

1.0569 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:

10 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213