CAPITAL & COUNTIES PROPERTIES PLC
(Incorporated and registered in the United Kingdom
with Registration Number 07145051 and
registered in South Africa as an external company
with Registration Number 2010/003387/10)
JSE code: CCO ISIN: GB00B62G9D36
LEI: 549300TTXXZ1SHUI0D54
(“Capco”)


2020 SHARE BUYBACK PROGRAMME


In early 2020, Capco announced the repurchase for cancellation of 6.06 million of its own
ordinary shares of 25p each as part of a share buyback programme. Capco has become
aware of an administrative issue in respect of the purchase of 1,468,393 of its own ordinary
shares of 25p each (the "Shares") on the Johannesburg Stock Exchange as part of such
buyback programme during the period from February 2020 to March 2020, as a result of
which the purchase of the Shares by Capco, representing less than 0.2% of Capco’s issued
share capital, is void.

In order to rectify this, Capco's register of members will be corrected by restoring 1,468,393
ordinary shares of 25p each in Capco, and such shares will be listed on the Official List of
the FCA and admitted to trading on the main market of the London Stock Exchange, and
listed on the Johannesburg Stock Exchange. Admission of the shares is expected on
Tuesday 8 November 2022.

Capco will thereafter commence, on or about Tuesday 8 November 2022, an irrevocable,
non-discretionary programme to purchase 1,468,393 ordinary shares of 25p each in Capco
on its own behalf, for cancellation. The programme will run until the earlier of the date on
which 1,468,393 ordinary shares of 25p each in Capco have been repurchased or Thursday
1 December 2022. The purpose of the programme is to restore the share capital of Capco
to the same number of shares as were in issue prior to the correction to the register of
members.

Any share purchases will be made by Capco within certain pre-set parameters, and in
accordance with both Capco’s general authority to repurchase shares and the UK Market
Abuse Regulations (including the safe harbours for buybacks within the UK Market Abuse
Regulations), the UK Buybacks and Stabilisation Regulation and Chapter 12 of the Listing
Rules. The maximum number of shares to be acquired under the programme is 1,468,393
ordinary shares of 25p each in Capco and the maximum aggregate value to be paid for all
such shares is £1.9m.

In accordance with Rule 2.9 of the Takeover Code and the Disclosure, Guidance and
Transparency Rules, Capco confirms that its issued share capital at the time of this
announcement consists of 851,274,235 ordinary shares of 25p each. Immediately following
the listing of the 1,468,393 ordinary shares of 25p each, Capco's issued share capital will
consist of 852,742,628 ordinary shares of 25p each. Announcements of the number of
shares repurchased and Capco's issued share capital will be made on each day of the share
buyback programme. Following completion of the share buyback programme, Capco's
issued share capital will be the same as at the time of this announcement, consisting of
851,274,235 ordinary shares of 25p each.
Each of Capco's ordinary shares of 25p each carries voting rights of one vote per share and
is admitted to trading on the main market of the London Stock Exchange and on the
Johannesburg Stock Exchange with ISIN Number GB00B62G9D36. Capco does not hold
any shares in treasury.

Further enquiries:

Ruth Pavey
Company Secretary
Capital & Counties Properties PLC

Tel: 44 (0) 20 3214 9170

Important notices
In accordance with Rule 26.1 of the Takeover Code, a copy of this announcement will be
available at http://www.capitalandcounties.com/investors/investor-information/merger-
shaftesbury-plc by no later than 12 noon (London time) on the business day following the
date of this announcement. For the avoidance of doubt, the content of the website referred
to above is not incorporated into and does not form part of this announcement.
This announcement is not intended to, and does not constitute or form part of, any offer,
invitation or the solicitation of an offer to purchase or otherwise acquire, subscribe for, sell
or otherwise dispose of, any securities whether pursuant to this announcement or
otherwise.

7 November 2022


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