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:

06 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:

10,500,762

1.23%

7,534,563

0.88%

(2)

Cash-settled derivatives:

7,480,161

0.88%

9,172,421

1.08%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,980,923

2.11%

16,706,984

1.96%

(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

133,422

1.0810 GBP

1.0722 GBP

25p ordinary

Sale

224,822

1.0820 GBP

1.07 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

124

1.0751 GBP

25p ordinary

 SWAP

Decreasing Long

507

22.1300 ZAR

25p ordinary

 SWAP

Decreasing Long

1,914

22.0400 ZAR

25p ordinary

 CFD

Decreasing Long

2,028

22.1239 ZAR

25p ordinary

 SWAP

Decreasing Long

5,573

22.0497 ZAR

25p ordinary

 CFD

Decreasing Long

7,284

1.0734 GBP

25p ordinary

 CFD

Decreasing Long

7,656

22.0466 ZAR

25p ordinary

 CFD

Decreasing Long

8,320

1.0727 GBP

25p ordinary

 CFD

Decreasing Long

12,928

1.0766 GBP

25p ordinary

 CFD

Decreasing Long

21,920

1.0734 GBP

25p ordinary

 CFD

Decreasing Long

22,292

22.0431 ZAR

25p ordinary

 CFD

Decreasing Long

30,192

1.0758 GBP

25p ordinary

 CFD

Decreasing Long

30,316

1.0750 GBP

25p ordinary

 CFD

Decreasing Short

124

1.0751 GBP

25p ordinary

 CFD

Decreasing Short

2,028

22.1239 ZAR

25p ordinary

 SWAP

Decreasing Short

3,400

1.0753 GBP

25p ordinary

 SWAP

Decreasing Short

5,030

1.0758 GBP

25p ordinary

 CFD

Decreasing Short

7,284

1.0734 GBP

25p ordinary

 SWAP

Decreasing Short

7,611

1.0761 GBP

25p ordinary

 CFD

Decreasing Short

7,656

22.0466 ZAR

25p ordinary

 CFD

Decreasing Short

8,320

1.0727 GBP

25p ordinary

 CFD

Decreasing Short

12,928

1.0766 GBP

25p ordinary

 CFD

Decreasing Short

21,920

1.0734 GBP

25p ordinary

 CFD

Decreasing Short

22,292

22.0431 ZAR

25p ordinary

 CFD

Decreasing Short

30,192

1.0758 GBP

25p ordinary

 CFD

Decreasing Short

30,316

1.0750 GBP

25p ordinary

 SWAP

Increasing Long

1

1.0820 GBP

25p ordinary

 SWAP

Increasing Long

16

1.0770 GBP

25p ordinary

 SWAP

Increasing Long

48

1.0750 GBP

25p ordinary

 SWAP

Increasing Long

52

1.0755 GBP

25p ordinary

 SWAP

Increasing Long

8,450

1.0700 GBP

25p ordinary

 SWAP

Increasing Long

9,234

1.0780 GBP

25p ordinary

 SWAP

Increasing Long

10,493

1.0763 GBP

25p ordinary

 SWAP

Increasing Long

14,001

1.0750 GBP

25p ordinary

 SWAP

Increasing Short

14,300

1.0787 GBP

25p ordinary

 CFD

Opening Long

124

1.0751 GBP

25p ordinary

 CFD

Opening Long

2,028

22.1239 ZAR

25p ordinary

 CFD

Opening Long

7,284

1.0734 GBP

25p ordinary

 CFD

Opening Long

7,656

22.0466 ZAR

25p ordinary

 CFD

Opening Long

8,320

1.0727 GBP

25p ordinary

 CFD

Opening Long

12,928

1.0766 GBP

25p ordinary

 CFD

Opening Long

21,920

1.0734 GBP

25p ordinary

 CFD

Opening Long

22,292

22.0431 ZAR

25p ordinary

 CFD

Opening Long

30,192

1.0758 GBP

25p ordinary

 CFD

Opening Long

30,316

1.0750 GBP

25p ordinary

 CFD

Opening Short

124

1.0751 GBP

25p ordinary

 CFD

Opening Short

2,028

22.1239 ZAR

25p ordinary

 CFD

Opening Short

7,284

1.0734 GBP

25p ordinary

 CFD

Opening Short

7,656

22.0466 ZAR

25p ordinary

 CFD

Opening Short

8,320

1.0727 GBP

25p ordinary

 CFD

Opening Short

12,928

1.0766 GBP

25p ordinary

 CFD

Opening Short

21,920

1.0734 GBP

25p ordinary

 CFD

Opening Short

22,292

22.0431 ZAR

25p ordinary

 CFD

Opening Short

30,192

1.0758 GBP

25p ordinary

 CFD

Opening Short

30,316

1.0750 GBP

25p ordinary

 SWAP

Opening Short

35,477

1.0742 GBP

25p ordinary

 SWAP

Opening Long

121,140

1.0820 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:

9 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213