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:

05 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:

10,246,257

1.20%

7,188,658

0.84%

(2)

Cash-settled derivatives:

7,468,137

0.88%

9,253,931

1.09%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,714,394

2.08%

16,442,589

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

474,461

1.0940 GBP

1.08 GBP

25p ordinary

Sale

616,889

1.0954 GBP

1.0806 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

636

22.2000 ZAR

25p ordinary

 SWAP

Decreasing Long

858

22.2701 ZAR

25p ordinary

 SWAP

Decreasing Short

636

22.2000 ZAR

25p ordinary

 SWAP

Decreasing Short

858

22.2701 ZAR

25p ordinary

 SWAP

Decreasing Short

3,200

1.0865 GBP

25p ordinary

 SWAP

Decreasing Short

20,429

1.0847 GBP

25p ordinary

 SWAP

Decreasing Short

36,910

1.0918 GBP

25p ordinary

 SWAP

Decreasing Short

42,044

1.0840 GBP

25p ordinary

 CFD

Increasing Long

4

1.0900 GBP

25p ordinary

 SWAP

Increasing Long

81

1.0810 GBP

25p ordinary

 SWAP

Increasing Long

211

1.0870 GBP

25p ordinary

 SWAP

Increasing Long

292

1.0850 GBP

25p ordinary

 CFD

Increasing Long

692

22.1711 ZAR

25p ordinary

 CFD

Increasing Long

1,476

22.1811 ZAR

25p ordinary

 SWAP

Increasing Long

2,944

22.2264 ZAR

25p ordinary

 CFD

Increasing Long

7,020

1.0848 GBP

25p ordinary

 CFD

Increasing Long

8,700

1.0832 GBP

25p ordinary

 CFD

Increasing Long

11,776

22.2198 ZAR

25p ordinary

 CFD

Increasing Long

14,264

1.0876 GBP

25p ordinary

 CFD

Increasing Long

17,772

1.0928 GBP

25p ordinary

 CFD

Increasing Long

18,144

1.0954 GBP

25p ordinary

 CFD

Increasing Long

18,148

1.0870 GBP

25p ordinary

 SWAP

Increasing Long

19,281

22.2069 ZAR

25p ordinary

 SWAP

Increasing Long

22,896

1.0843 GBP

25p ordinary

 SWAP

Increasing Long

27,304

1.0852 GBP

25p ordinary

 CFD

Increasing Long

73,624

1.0881 GBP

25p ordinary

 CFD

Increasing Long

77,124

22.2135 ZAR

25p ordinary

 SWAP

Increasing Long

81,441

1.0856 GBP

25p ordinary

 CFD

Increasing Long

150,836

1.0869 GBP

25p ordinary

 CFD

Increasing Short

4

1.0900 GBP

25p ordinary

 CFD

Increasing Short

692

22.1711 ZAR

25p ordinary

 CFD

Increasing Short

1,476

22.1811 ZAR

25p ordinary

 CFD

Increasing Short

7,020

1.0848 GBP

25p ordinary

 CFD

Increasing Short

8,700

1.0832 GBP

25p ordinary

 CFD

Increasing Short

11,776

22.2198 ZAR

25p ordinary

 CFD

Increasing Short

14,264

1.0876 GBP

25p ordinary

 CFD

Increasing Short

17,772

1.0928 GBP

25p ordinary

 CFD

Increasing Short

18,144

1.0954 GBP

25p ordinary

 CFD

Increasing Short

18,148

1.0870 GBP

25p ordinary

 CFD

Increasing Short

73,624

1.0881 GBP

25p ordinary

 CFD

Increasing Short

77,124

22.2135 ZAR

25p ordinary

 CFD

Increasing Short

150,836

1.0869 GBP

25p ordinary

 CFD

Opening Long

4

1.0900 GBP

25p ordinary

 CFD

Opening Long

692

22.1711 ZAR

25p ordinary

 CFD

Opening Long

1,476

22.1811 ZAR

25p ordinary

 CFD

Opening Long

7,020

1.0848 GBP

25p ordinary

 CFD

Opening Long

8,700

1.0832 GBP

25p ordinary

 CFD

Opening Long

11,776

22.2198 ZAR

25p ordinary

 CFD

Opening Long

14,264

1.0876 GBP

25p ordinary

 CFD

Opening Long

17,772

1.0928 GBP

25p ordinary

 CFD

Opening Long

18,144

1.0954 GBP

25p ordinary

 CFD

Opening Long

18,148

1.0870 GBP

25p ordinary

 CFD

Opening Long

73,624

1.0881 GBP

25p ordinary

 CFD

Opening Long

77,124

22.2135 ZAR

25p ordinary

 CFD

Opening Long

150,836

1.0869 GBP

25p ordinary

 CFD

Opening Short

4

1.0900 GBP

25p ordinary

 CFD

Opening Short

692

22.1711 ZAR

25p ordinary

 CFD

Opening Short

1,476

22.1811 ZAR

25p ordinary

 CFD

Opening Short

7,020

1.0848 GBP

25p ordinary

 CFD

Opening Short

8,700

1.0832 GBP

25p ordinary

 CFD

Opening Short

11,776

22.2198 ZAR

25p ordinary

 CFD

Opening Short

14,264

1.0876 GBP

25p ordinary

 CFD

Opening Short

17,772

1.0928 GBP

25p ordinary

 CFD

Opening Short

18,144

1.0954 GBP

25p ordinary

 CFD

Opening Short

18,148

1.0870 GBP

25p ordinary

 CFD

Opening Short

73,624

1.0881 GBP

25p ordinary

 CFD

Opening Short

77,124

22.2135 ZAR

25p ordinary

 CFD

Opening Short

150,836

1.0869 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:

6 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213