Form8.5(EPT/NON-RI)CAPITAL&COUNTIES PROPERTIES PLC

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 relevant securities this form relates:

CAPITAL & COUNTIES PROPERTIES PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

Capital & Counties Properties plc

(d)

Date position held/dealing undertaken:

01 Feb 2023

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: 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:

9,126,021

1.07%

7,070,430

0.83%

(2) Cash-settled derivatives:

7,225,150

0.85%

7,738,989

0.91%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

16,351,171

1.92%

14,809,419

1.74%

(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)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

25p ordinary

Purchase

240790

1.1690 GBP

1.1604 GBP

25p ordinary

Sale

177358

1.1690 GBP

1.1492 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

25p ordinary

CFD

Decreasing Long

30

1.1613 GBP

25p ordinary

CFD

Decreasing Long

6,201

1.1611 GBP

25p ordinary

SWAP

Decreasing Long

9,105

24.8877 ZAR

25p ordinary

SWAP

Decreasing Long

17,735

1.1605 GBP

25p ordinary

SWAP

Decreasing Long

28,646

1.1620 GBP

25p ordinary

SWAP

Decreasing Long

32,912

1.1618 GBP

25p ordinary

CFD

Decreasing Long

42,773

1.1614 GBP

25p ordinary

SWAP

Decreasing Long

42,773

24.7965 ZAR

25p ordinary

SWAP

Decreasing Short

87

1.1679 GBP

25p ordinary

CFD

Decreasing Short

435

24.8000 ZAR

25p ordinary

SWAP

Decreasing Short

792

1.1605 GBP

25p ordinary

SWAP

Decreasing Short

1,078

1.1626 GBP

25p ordinary

SWAP

Decreasing Short

1,786

1.1606 GBP

25p ordinary

SWAP

Decreasing Short

2,466

1.1690 GBP

25p ordinary

SWAP

Decreasing Short

2,811

1.1662 GBP

25p ordinary

SWAP

Decreasing Short

4,627

1.1502 GBP

25p ordinary

SWAP

Decreasing Short

4,862

1.1635 GBP

25p ordinary

CFD

Decreasing Short

9,105

24.8808 ZAR

25p ordinary

SWAP

Decreasing Short

9,958

1.1619 GBP

25p ordinary

SWAP

Decreasing Short

20,662

1.1622 GBP

25p ordinary

CFD

Decreasing Short

42,773

24.7891 ZAR

25p ordinary

CFD

Increasing Long

10

1.1600 GBP

25p ordinary

CFD

Increasing Long

20

1.1620 GBP

25p ordinary

SWAP

Increasing Long

462

1.1660 GBP

25p ordinary

SWAP

Increasing Long

1,388

1.1620 GBP

25p ordinary

CFD

Increasing Long

1,430

1.1592 GBP

25p ordinary

SWAP

Increasing Long

2,730

1.1630 GBP

25p ordinary

CFD

Increasing Long

6,639

1.1591 GBP

25p ordinary

SWAP

Increasing Long

6,776

24.7316 ZAR

25p ordinary

SWAP

Increasing Long

6,976

24.6299 ZAR

25p ordinary

CFD

Increasing Long

11,596

1.1539 GBP

25p ordinary

SWAP

Increasing Long

25,235

1.1638 GBP

25p ordinary

SWAP

Increasing Short

4,430

1.1602 GBP

25p ordinary

CFD

Increasing Short

6,776

24.7384 ZAR

25p ordinary

CFD

Increasing Short

6,976

24.6373 ZAR

25p ordinary

SWAP

Opening Short

35,450

1.1673 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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:

02 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213