Shaftesbury Capital Plc (formerly: Capital & Counties Properties Plc)

Major Shareholding Notification • May 19, 2020

National Storage Mechanism | Additional information

RNS Number : 3912N

Capital & Counties Properties Plc

19 May 2020

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

NOTIFICATION OF MAJOR INTERESTS IN SHARES

Capital & Counties Properties PLC has received a revised notification of interests in the Ordinary shares of 25 pence each in the Company as shown below.

1)   Details and location of person subject to the notification obligation (names)	Madison International Real Estate Liquidity Fund VII § Madison International Realty Holdings, LLC (Delaware) § MIRELF VII (Ontario), LP (Ontario) § MIRELF VII Offshore Securities, LLC (Delaware) Separate Madison-managed account § Managed by Madison International Realty Holdings, LLC (Delaware)
2)   Full name and location of shareholders (if different from 1) (names)	Madison International Real Estate Liquidity Fund VII § MIRELF VII Offshore Securities, LLC (Delaware) Separate Madison-managed account § Managed by Madison International Realty Holdings, LLC (Delaware)
3)   Reason for notification	An acquisition or disposal of voting rights
4)   Date threshold was crossed or reached	15 May 2020
5)   Date issuer was notified	19 May 2020
6)   Threshold that was crossed	Total holding above 4%
7)   Total positions of persons subject to the notification obligation
A)  Resulting situation on the date on which threshold was crossed or reached	% of voting rights attached to shares			4.01%
% of voting rights through financial instruments			N/A
Total of both in %			4.01%
Total number of voting rights of issuer			848,359,508
B)   Position of previous notification	% of voting rights attached to shares			N/A
% of voting rights through financial instruments			N/A
Total of both in %			N/A
8)   Notified details of the resulting situation on the date on which the threshold was crossed or reached
A) Voting rights attached to shares	Number of voting rights			33,994,434 (Indirect)
% of voting rights			4.01% (Indirect)
B1) Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	Type of financial instrument			N/A
Expiration date			N/A
Exercise/Conversion Period			N/A
Number of voting rights that may be acquired if the instrument is exercised/converted.			N/A
% of voting rights			N/A
B2) Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	Type of financial instrument			N/A
Expiration date			N/A
Exercise/Conversion Period			N/A
Physical or cash settlement			N/A
Number of voting rights			N/A
% of voting rights			N/A
9)   Information in relation to the person subject to the notification obligation
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
Namexv		% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Madison International Real Estate Liquidity Fund VII § MIRELF VII Offshore Securities, LLC is owned as to 100% by MIRELF VII (Ontario), LP, which in turn is owned by certain limited partnerships which are indirectly controlled by Madison International Realty Holdings, LLC. Separate Madison-managed account § Madison International Global Alpha Realty, LLC manages a separate account on behalf of a third party investor. Madison International Global Alpha Realty, LLC is directly controlled by Madison International Realty Holdings, LLC.

10)          Additional information	N/A

Leigh McCaveny

Acting Company Secretary

020 3214 9170

19 May 2020

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