| 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: | 23 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: | 10,894,430 | 1.12% | 4,945,875 | 0.51% | |||
| (2) Cash-settled derivatives: | 3,863,053 | 0.40% | 9,418,190 | 0.97% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| | 14,757,483 | 1.51% | 14,364,065 | 1.47% | |||
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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 | 862446 | 4.9600 GBP | 4.9210 GBP | |||
| 10p ordinary | Sale | 485879 | 4.9581 GBP | 4.9191 GBP | |||
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| (b) | Cash-settled derivative transactions | ||||||
| Class of | Product description | Nature of dealing | Number of | Price per | |||
| 10p ordinary | SWAP | Decreasing Long | 335,952 | 4.9600 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 27,300 | 4.9368 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1,706 | 4.9480 GBP | |||
| 10p ordinary | CFD | Opening Long | 43,488 | 4.9555 GBP | |||
| 10p ordinary | CFD | Increasing Long | 29,263 | 4.9556 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 3,950 | 4.9202 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 4,657 | 4.9274 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 4,327 | 4.9299 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 11,310 | 4.9470 GBP | |||
| 10p ordinary | CFD | Opening Short | 63,185 | 4.9560 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,997 | 4.9368 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 730 | 4.9369 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 869 | 4.9373 GBP | |||
| 10p ordinary | SWAP | Opening Long | 5,582 | 4.9557 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 8 | 4.9375 GBP | |||
| 10p ordinary | SWAP | Closing Long | 3,163 | 4.9560 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,200 | 4.9222 GBP | |||
| 10p ordinary | SWAP | Opening Long | 4,925 | 4.9469 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 33 | 4.9348 GBP | |||
| 10p ordinary | SWAP | Opening Short | 47,875 | 4.9499 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 420 | 4.9191 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1,724 | 4.9266 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,093 | 4.9370 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 15,481 | 4.9486 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 47 | 4.9313 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1 | 4.9533 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 256 | 4.9260 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8,616 | 4.9552 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 24,525 | 4.9560 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,337 | 4.9567 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 21,789 | 4.9313 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 17,105 | 4.9324 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 542 | 4.9340 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,263 | 4.9484 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 16,054 | 4.9560 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 118 | 4.9189 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,888 | 4.9226 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,185 | 4.9363 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,492 | 4.9405 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,855 | 4.9424 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 244 | 4.9431 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,434 | 4.9559 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,220 | 4.9564 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,747 | 4.9574 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 952 | 4.9618 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,479 | 4.9249 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8 | 4.9250 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,116 | 4.9273 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,339 | 4.9274 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 6,498 | 4.9342 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 260 | 4.9372 GBP | |||
| 10p ordinary | SWAP | Opening Short | 3,545 | 4.9560 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,084 | 4.9560 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,656 | 4.9323 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,060 | 4.9367 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: | 24 Jul 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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