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:

25 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:

9,557,866

1.12%

7,434,785

0.87%

(2)

Cash-settled derivatives:

7,537,724

0.89%

8,138,355

0.96%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,095,590

2.01%

15,573,140

1.83%

(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

200,954

1.1399 GBP

1.118 GBP

25p ordinary

Sale

400,350

1.1307 GBP

1.118 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

8,000

23.5725 ZAR

25p ordinary

 SWAP

Decreasing Long

12,142

23.7534 ZAR

25p ordinary

 SWAP

Decreasing Short

2,389

1.1229 GBP

25p ordinary

 CFD

Decreasing Short

3,972

23.7312 ZAR

25p ordinary

 CFD

Decreasing Short

12,744

1.1231 GBP

25p ordinary

 CFD

Decreasing Short

13,752

23.6628 ZAR

25p ordinary

 SWAP

Decreasing Short

14,000

1.1162 GBP

25p ordinary

 SWAP

Decreasing Short

14,224

1.1307 GBP

25p ordinary

 CFD

Decreasing Short

15,944

1.1215 GBP

25p ordinary

 CFD

Decreasing Short

15,944

1.1369 GBP

25p ordinary

 SWAP

Decreasing Short

20,507

1.1239 GBP

25p ordinary

 CFD

Decreasing Short

28,660

1.1161 GBP

25p ordinary

 CFD

Decreasing Short

32,000

23.5795 ZAR

25p ordinary

 CFD

Decreasing Short

44,960

1.1212 GBP

25p ordinary

 CFD

Decreasing Short

48,568

23.7463 ZAR

25p ordinary

 CFD

Decreasing Short

50,680

1.1283 GBP

25p ordinary

 CFD

Decreasing Short

62,664

1.1369 GBP

25p ordinary

 CFD

Decreasing Short

436,084

1.1210 GBP

25p ordinary

 SWAP

Increasing Long

7

1.1400 GBP

25p ordinary

 SWAP

Increasing Long

204

1.1180 GBP

25p ordinary

 SWAP

Increasing Long

2,053

1.1370 GBP

25p ordinary

 CFD

Increasing Long

3,972

23.7312 ZAR

25p ordinary

 SWAP

Increasing Long

6,093

1.1219 GBP

25p ordinary

 CFD

Increasing Long

12,744

1.1231 GBP

25p ordinary

 CFD

Increasing Long

13,752

23.6628 ZAR

25p ordinary

 CFD

Increasing Long

15,944

1.1215 GBP

25p ordinary

 CFD

Increasing Long

15,944

1.1369 GBP

25p ordinary

 SWAP

Increasing Long

22,675

1.1212 GBP

25p ordinary

 CFD

Increasing Long

28,660

1.1161 GBP

25p ordinary

 CFD

Increasing Long

32,000

23.5795 ZAR

25p ordinary

 CFD

Increasing Long

44,960

1.1212 GBP

25p ordinary

 CFD

Increasing Long

48,568

23.7463 ZAR

25p ordinary

 CFD

Increasing Long

50,680

1.1283 GBP

25p ordinary

 SWAP

Increasing Long

55,047

1.1305 GBP

25p ordinary

 CFD

Increasing Long

62,664

1.1369 GBP

25p ordinary

 CFD

Increasing Long

436,084

1.1210 GBP

25p ordinary

 SWAP

Increasing Short

8,000

1.1198 GBP

25p ordinary

 CFD

Opening Long

3,972

23.7312 ZAR

25p ordinary

 CFD

Opening Long

12,744

1.1231 GBP

25p ordinary

 CFD

Opening Long

13,752

23.6628 ZAR

25p ordinary

 CFD

Opening Long

15,944

1.1215 GBP

25p ordinary

 CFD

Opening Long

15,944

1.1369 GBP

25p ordinary

 CFD

Opening Long

28,660

1.1161 GBP

25p ordinary

 CFD

Opening Long

32,000

23.5795 ZAR

25p ordinary

 CFD

Opening Long

44,960

1.1212 GBP

25p ordinary

 CFD

Opening Long

48,568

23.7463 ZAR

25p ordinary

 CFD

Opening Long

50,680

1.1283 GBP

25p ordinary

 CFD

Opening Long

62,664

1.1369 GBP

25p ordinary

 CFD

Opening Long

436,084

1.1210 GBP

25p ordinary

 CFD

Opening Short

3,972

23.7312 ZAR

25p ordinary

 CFD

Opening Short

12,744

1.1231 GBP

25p ordinary

 CFD

Opening Short

13,752

23.6628 ZAR

25p ordinary

 CFD

Opening Short

15,944

1.1215 GBP

25p ordinary

 CFD

Opening Short

15,944

1.1369 GBP

25p ordinary

 CFD

Opening Short

28,660

1.1161 GBP

25p ordinary

 CFD

Opening Short

32,000

23.5795 ZAR

25p ordinary

 CFD

Opening Short

44,960

1.1212 GBP

25p ordinary

 CFD

Opening Short

48,568

23.7463 ZAR

25p ordinary

 CFD

Opening Short

50,680

1.1283 GBP

25p ordinary

 CFD

Opening Short

62,664

1.1369 GBP

25p ordinary

 CFD

Opening Short

436,084

1.1210 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:

26 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213