| 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: | 17 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: | 10,532,833 | 1.08% | 6,231,156 | 0.64% | |||
| (2) Cash-settled derivatives: | 5,234,113 | 0.54% | 9,135,131 | 0.94% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| | 15,766,946 | 1.62% | 15,366,287 | 1.58% | |||
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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 | 303062 | 5.0090 GBP | 4.9310 GBP | |||
| 10p ordinary | Sale | 679806 | 5.0091 GBP | 4.9306 GBP | |||
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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 | 20,887 | 4.9433 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 11 | 4.9734 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,938 | 4.9738 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,618 | 4.9755 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 3,217 | 4.9759 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 20,128 | 4.9788 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 12 | 4.9905 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 6,033 | 4.9941 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 21,828 | 4.9816 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1,128 | 4.9835 GBP | |||
| 10p ordinary | CFD | Increasing Short | 9,337 | 4.9310 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,128 | 4.9313 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,739 | 4.9462 GBP | |||
| 10p ordinary | CFD | Increasing Short | 3,287 | 4.9647 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 232 | 4.9472 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 908 | 4.9306 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,592 | 4.9501 GBP | |||
| 10p ordinary | SWAP | Opening Long | 1 | 4.9600 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 938 | 4.9867 GBP | |||
| 10p ordinary | SWAP | Opening Short | 20,240 | 4.9404 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 358 | 4.9500 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 309,078 | 5.0044 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 10,423 | 4.9314 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 901 | 4.9372 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 335 | 4.9476 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 5,000 | 4.9709 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1,298 | 5.0068 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1 | 4.9310 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 46,325 | 4.9314 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 14,507 | 4.9523 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,357 | 4.9608 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,968 | 4.9641 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,511 | 4.9905 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 23,851 | 4.9310 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 6,397 | 4.9648 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 472 | 4.9680 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 394 | 4.9840 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,399 | 4.9862 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 40,597 | 4.9309 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 257 | 4.9359 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 680 | 4.9373 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,923 | 4.9378 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,145 | 4.9405 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,193 | 4.9434 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 101 | 4.9569 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 638 | 4.9655 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 502 | 4.9770 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 180 | 4.9829 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,489 | 4.9377 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 300 | 4.9630 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,240 | 4.9665 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,280 | 4.9669 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 55 | 4.9680 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 272 | 4.9699 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 200 | 4.9710 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 78 | 4.9429 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4 | 4.9310 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,522 | 4.9550 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,310 | 4.9580 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 22,927 | 4.9310 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 336 | 4.9630 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: | 18 Jul 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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