| 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 | BARRATT DEVELOPMENTS PLC | |||||
| (c) | Name of the party to the offer with which exempt | REDROW PLC | |||||
| (d) | Date position held/dealing undertaken: | 16 Jul 2024 | |||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: | |||||
| 2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
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| to which the disclosure relates following the dealing (if any) | ||||||
| Class of relevant security: | 10p ordinary | ||||||
| | Interests | Short Positions | |||||
| Number | (%) | Number | (%) | ||||
| (1) Relevant securities owned and/or controlled: | 10,889,731 | 1.12% | 6,211,310 | 0.64% | |||
| (2) Cash-settled derivatives: | 5,229,226 | 0.54% | 9,535,940 | 0.98% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| | 16,118,957 | 1.65% | 15,747,250 | 1.62% | |||
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| (b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
| Class of relevant security in relation to |
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| Details, including nature of the rights |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchase and sales |
| | | | | |
| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
| 10p ordinary | Purchase | 718008 | 5.0000 GBP | 4.9630 GBP | |||
| 10p ordinary | Sale | 503776 | 5.0027 GBP | 4.9596 GBP | |||
| ADR | Purchase | 3000 | 12.8450 USD | 12.8450 USD | |||
| ADR | Sale | 3000 | 12.8450 USD | 12.8450 USD | |||
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| (b) | Cash-settled derivative transactions | ||||||
| Class of | Product description | Nature of dealing | Number of | Price per | |||
| 10p ordinary | SWAP | Opening Long | 20,845 | 4.9875 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 11,270 | 4.9785 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,059 | 4.9786 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 870 | 4.9787 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 15,402 | 4.9903 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 930 | 4.9925 GBP | |||
| 10p ordinary | CFD | Increasing Short | 18,195 | 4.9895 GBP | |||
| 10p ordinary | CFD | Increasing Short | 3,827 | 4.9929 GBP | |||
| 10p ordinary | CFD | Increasing Short | 10,000 | 5.0004 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 419 | 4.9687 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 619 | 4.9768 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 22,400 | 4.9890 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 342 | 4.9596 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 3,178 | 4.9673 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 100 | 4.9713 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1,389 | 4.9809 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 342 | 4.9926 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 15,308 | 4.9929 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2 | 4.9930 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 27 | 4.9300 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,298 | 4.9733 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,341 | 4.9754 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,479 | 4.9888 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 31,339 | 4.9904 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 343 | 4.9940 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 477 | 4.9471 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,237 | 4.9702 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 507 | 4.9760 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 17,732 | 4.9766 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,031 | 4.9881 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 12,070 | 4.9919 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 42,619 | 4.9930 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 18 | 4.9619 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 117 | 4.9689 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 241 | 4.9709 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,496 | 4.9929 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 94 | 4.9961 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 31,572 | 4.9864 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 40,728 | 4.9869 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 30,531 | 4.9885 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 28,711 | 4.9890 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,165 | 4.9895 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,038 | 4.9904 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,952 | 4.9906 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,259 | 4.9923 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 18,574 | 4.9930 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,636 | 4.9961 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 18,920 | 4.9805 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 21,671 | 4.9820 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 56,506 | 4.9930 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) | ||||||
| (i) | Writing, selling, purchasing or varying | ||||||
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| (d) | Other dealings (including subscribing for new securities) | ||||||
| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements | ||||||
| Details of any indemnity or option arrangement, or any agreement or understanding, | |||||||
| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives | ||||||
| Details of any agreement, arrangement or understanding, formal or informal, between | |||||||
| NONE | |||||||
| (c) | Attachments | ||||||
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 17 Jul 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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