| 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: | 19 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: | 10,571,714 | 1.08% | 5,908,734 | 0.61% | |||
| (2) Cash-settled derivatives: | 4,887,338 | 0.50% | 9,163,688 | 0.94% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| | 15,459,052 | 1.59% | 15,072,422 | 1.55% | |||
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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 | 1091233 | 4.9930 GBP | 4.9319 GBP | |||
| 10p ordinary | Sale | 630831 | 5.0040 GBP | 4.9269 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 | 27,683 | 4.9611 GBP | |||
| 10p ordinary | SWAP | Closing Short | 469 | 4.9270 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 566,200 | 4.9650 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 677 | 4.9466 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 216 | 4.9469 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,696 | 4.9565 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 13,108 | 4.9568 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 50,394 | 4.9635 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 30,707 | 4.9657 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 11,453 | 5.0135 GBP | |||
| 10p ordinary | CFD | Increasing Short | 2,155 | 4.9416 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,924 | 4.9432 GBP | |||
| 10p ordinary | CFD | Increasing Short | 5,969 | 4.9640 GBP | |||
| 10p ordinary | CFD | Increasing Short | 677 | 4.9644 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,566 | 4.9566 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1 | 4.9636 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 36,536 | 4.9613 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 9,992 | 4.9618 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,466 | 4.9668 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,365 | 4.9612 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1 | 4.9640 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 357 | 4.9695 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 86,523 | 4.9779 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 125,262 | 4.9814 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 401 | 4.9423 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,344 | 4.9443 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 18,962 | 4.9458 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 285 | 4.9470 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,390 | 4.9549 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,112 | 4.9640 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8 | 4.9619 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 979 | 4.9645 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 225 | 4.9669 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,495 | 4.9853 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 559 | 4.9437 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 912 | 4.9451 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,505 | 4.9456 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,014 | 4.9484 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 28,311 | 4.9491 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 10,236 | 4.9495 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,225 | 4.9538 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,638 | 4.9588 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 176,835 | 4.9640 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,154 | 4.9726 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,358 | 4.9823 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 641 | 4.9571 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,637 | 4.9546 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 11,426 | 4.9615 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 62,893 | 4.9640 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 272 | 4.9320 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,447 | 4.9640 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: | 22 Jul 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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