Capital unties Properties : Form 8.5 (EPT/RI) Cptl & Counties Properties plc

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the Code)

1. KEY INFORMATION

(a) Name of exempt principal trader:	UBS Investment Bank, London
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	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 dealing undertaken:	29 October 2019
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state 'N/A'	No

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
25p ordinary	Buy	307574	2.623999 GBP	2.59800 GBP
25p ordinary	Sell	271877	2.623999 GBP	2.59800 GBP

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
25p ordinary	CFD	Long	10065	2.625638 GBP
25p ordinary	CFD	Long	4216	2.592384 GBP
25p ordinary	CFD	Long	294	2.619 GBP
25p ordinary	CFD	Long	5904	2.614229 GBP
25p ordinary	CFD	Long	925	2.60357837945946 GBP
25p ordinary	CFD	Long	24386	2.60402476830969 GBP
25p ordinary	CFD	Long	788	2.602415 GBP
25p ordinary	CFD	Short	851	2.615512 GBP
25p ordinary	CFD	Short	32223	2.615226 GBP
25p ordinary	CFD	Short	78	2.604848 GBP
25p ordinary	CFD	Short	8	2.605532 GBP
25p ordinary	CFD	Short	276	2.607433 GBP
25p ordinary	CFD	Short	184	2.603666 GBP
25p ordinary	CFD	Short	260	2.602045 GBP
25p ordinary	CFD	Short	657	2.615068 GBP
25p ordinary	CFD	Short	26000	2.599934 GBP
25p ordinary	CFD	Short	521	2.619002 GBP
25p ordinary	CFD	Short	196	2.6172551 GBP
25p ordinary	CFD	Short	314	2.6209 GBP
25p ordinary	CFD	Short	1425	2.615471 GBP
25p ordinary	CFD	Short	1356	2.60942159495575 GBP
25p ordinary	CFD	Short	481	2.60486 GBP
25p ordinary	CFD	Short	23	2.6048 GBP
25p ordinary	CFD	Short	1281	2.607421 GBP
25p ordinary	CFD	Short	568	2.603757 GBP
25p ordinary	CFD	Short	3225	2.61548 GBP
25p ordinary	CFD	Short	1596	2.60943047441103 GBP
25p ordinary	CFD	Short	479	2.604859 GBP
25p ordinary	CFD	Short	36	2.604385 GBP
25p ordinary	CFD	Short	2073	2.607423 GBP
25p ordinary	CFD	Short	880	2.603761 GBP
25p ordinary	CFD	Short	750	2.614545 GBP
25p ordinary	CFD	Short	276	2.60592728057971 GBP
25p ordinary	CFD	Short	86	2.605719 GBP
25p ordinary	CFD	Short	4	2.599748 GBP
25p ordinary	CFD	Short	241	2.601599 GBP
25p ordinary	CFD	Short	158	2.606195 GBP
25p ordinary	CFD	Short	1	2.587636 GBP
25p ordinary	CFD	Short	527	2.600554 GBP
25p ordinary	CFD	Short	17869	2.612061 GBP
25p ordinary	CFD	Short	72	2.6103 GBP
25p ordinary	CFD	Short	4216	2.592384 GBP
25p ordinary	CFD	Short	218	2.60944722376147 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

3. OTHER INFORMATION

(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none '

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none'

None

Date of disclosure:	30 October 2019
Contact name:	Wendy Dent
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel [e-mail]

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website atwww.thetakeoverpanel.org.uk.