| 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 | ||||
| | relevant securities this form relates: | | |||||
| (c) | Name of the party to the offer with which exempt | REDROW PLC | |||||
| | principal trader is connected | | | ||||
| (d) | Date position held/dealing undertaken: | | 05 Aug 2024 | ||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: | | | |||
| | trader making disclosures in respect of any other party to the offer? | REDROW PLC | | ||||
| 2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree | | |||||
| | 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: | | | 10,393,821 | 1.07% | 4,604,809 | 0.47% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 3,706,384 | 0.38% | 9,025,643 | 0.93% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 14,100,205 | 1.45% | 13,630,452 | 1.40% |
| (b) | Rights to subscribe for new securities (including directors and other executive | | |||||
| | options) | | | | | | |
| Class of relevant security in relation to | | | | | |||
| which subscription right exists | | | | | |||
| Details, including nature of the rights | | | | | |||
| concerned and relevant percentages: | | | | | |||
| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales | | | | | | |
| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
| security | | securities | paid/received | paid/received | |||
| 10p ordinary | Purchase | 1,097,682 | 5.2360 GBP | 5.0300 GBP | |||
| 10p ordinary | Sale | 1,079,124 | 5.1305 GBP | 5.0328 GBP | |||
| ADR | Purchase | 800 | 12.9450 USD | 12.9450 USD | |||
| ADR | Sale | 800 | 12.9450 USD | 12.9450 USD | |||
| | | | | | | | |
| (b) | Cash-settled derivative transactions | | |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description | | reference | unit | |||
| security | | | securities | | |||
| 10p ordinary | CFD | Increasing Long | 9,797 | 5.0657 GBP | |||
| 10p ordinary | CFD | Increasing Long | 326 | 5.0658 GBP | |||
| 10p ordinary | CFD | Increasing Long | 1,484 | 5.0865 GBP | |||
| 10p ordinary | CFD | Increasing Long | 22,544 | 5.0880 GBP | |||
| 10p ordinary | CFD | Increasing Long | 2,800 | 5.0915 GBP | |||
| 10p ordinary | CFD | Increasing Long | 60,240 | 5.0920 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 82,784 | 5.0627 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 88 | 5.0682 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 472 | 5.0688 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 9,482 | 5.0721 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 3,600 | 5.0757 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 23,652 | 5.0856 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 23,255 | 5.0579 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,372 | 5.0691 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1,187 | 5.0917 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 38 | 5.0542 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 337 | 5.0458 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,530 | 5.0518 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,514 | 5.0535 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 214 | 5.0764 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 30,225 | 5.0822 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 56 | 5.1119 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 10 | 5.1120 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 256 | 5.1137 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,154 | 5.1185 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,062 | 5.0622 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 221,971 | 5.0809 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 69,267 | 5.0910 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 25,497 | 5.0920 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 973 | 5.0539 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11 | 5.0740 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 20,019 | 5.0788 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 12,789 | 5.0909 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,832 | 5.0934 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 337,641 | 5.2360 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,881 | 5.0623 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,190 | 5.0657 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,545 | 5.0740 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 17,187 | 5.0749 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,172 | 5.0753 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,794 | 5.0773 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,354 | 5.0801 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,933 | 5.0906 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 18,788 | 5.0997 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,653 | 5.0920 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 10,000 | 5.0454 GBP | |||
| 10p ordinary | SWAP | Closing Long | 42,000 | 5.0712 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,840 | 5.0696 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 76,472 | 5.0313 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 35,280 | 5.0916 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 76,471 | 5.1116 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 67,715 | 5.0808 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 30,150 | 5.0920 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2 | 5.0660 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 197,005 | 5.2360 GBP | |||
| | | | | | | | |
| (c) | Stock-settled derivative transactions (including options) | | |||||
| (i) | Writing, selling, purchasing or varying | | |||||
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price | | date | money |
| relevant | | selling, | securities | per unit | | | paid/ |
| security | | varying etc | to which | | | | received |
| | | | option | | | | per unit |
| | | | relates | | | | |
| | | | | | | | |
| | | | | | | | |
| (ii) | Exercising | | | | | | |
| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
| security | | | securities | unit | |||
| | | | | | |||
| | | | | | | | |
| (d) | Other dealings (including subscribing for new securities) | | |||||
| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security | | | applicable) | ||||
| | | | | ||||
| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements | | |||||
| Details of any indemnity or option arrangement, or any agreement or understanding, | | | |||||
| formal or informal, relating to relevant securities which may be an inducement to deal | | | |||||
| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party | | ||||||
| to the offer or any person acting in concert with a party to the offer: | | | | ||||
| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives | | |||||
| Details of any agreement, arrangement or understanding, formal or informal, between | | | |||||
| the exempt principal trader making the disclosure and any other person relating to: | | | |||||
| (i) the voting rights of any relevant securities under any option; or | | | | ||||
| (ii) the voting rights of future acquisition or disposal of any relevant securities to which | | | |||||
| any derivative is referenced: | | | | | | | |
| NONE | |||||||
| (c) | Attachments | | | | | | |
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 06 Aug 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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