| 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: | | 08 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: | | | 10,210,177 | 1.05% | 2,865,129 | 0.29% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 1,972,218 | 0.20% | 8,906,302 | 0.91% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 12,182,395 | 1.25% | 11,771,431 | 1.21% |
| (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 | 3,654,684 | 5.2100 GBP | 5.0820 GBP | |||
| 10p ordinary | Sale | 2,030,736 | 5.1760 GBP | 5.0800 GBP | |||
| | | | | | | | |
| (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 | 4,869 | 5.1195 GBP | |||
| 10p ordinary | CFD | Increasing Long | 8,389 | 5.1440 GBP | |||
| 10p ordinary | CFD | Increasing Long | 22,599 | 5.1695 GBP | |||
| 10p ordinary | CFD | Increasing Long | 2,516 | 5.1700 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 694 | 5.1497 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 10,905 | 5.1532 GBP | |||
| 10p ordinary | CFD | Opening Short | 80,806 | 5.1700 GBP | |||
| 10p ordinary | CFD | Increasing Short | 3,212 | 5.1766 GBP | |||
| 10p ordinary | CFD | Increasing Short | 428 | 5.1824 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,454 | 5.1275 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,700 | 5.1132 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,194 | 5.1305 GBP | |||
| 10p ordinary | SWAP | Opening Long | 155,475 | 5.1378 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 56,867 | 5.1258 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 19,536 | 5.1616 GBP | |||
| 10p ordinary | SWAP | Closing Short | 450,373 | 5.1432 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,133 | 5.1378 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,603 | 5.1219 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 3,136 | 5.1349 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,028 | 5.1394 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1,109 | 5.1402 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 22,280 | 5.0922 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 8,004 | 5.0962 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,665 | 5.0965 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 931 | 5.0967 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 5,769 | 5.1001 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 700 | 5.1035 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 4,337 | 5.1066 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 3,770 | 5.1077 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,422 | 5.1086 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,006 | 5.1090 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 5,441 | 5.1095 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 7,385 | 5.1096 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 692 | 5.1104 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,355 | 5.1114 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 6,334 | 5.1115 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 4,564 | 5.1130 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 10,587 | 5.1147 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,872 | 5.1152 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,811 | 5.1153 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 4,757 | 5.1167 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 3,560 | 5.1168 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 667 | 5.1203 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 754 | 5.1207 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,553 | 5.1222 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 964 | 5.1228 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 145,564 | 5.1330 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 7,185 | 5.1347 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 500 | 5.1380 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 655,078 | 5.1386 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 778,362 | 5.1391 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,165 | 5.1394 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,090 | 5.1421 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 9,160 | 5.1436 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 7,215 | 5.1448 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,697 | 5.1452 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 16,810 | 5.1461 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 138 | 5.1476 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 6,380 | 5.1487 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,440 | 5.1528 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 5,235 | 5.1529 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 806 | 5.1543 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 301 | 5.1563 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 935 | 5.1569 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 3,017 | 5.1581 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,951 | 5.1582 GBP | |||
| 10p ordinary | SWAP | Opening Short | 145,375 | 5.1679 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,144 | 5.1697 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 413 | 5.0800 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 26,981 | 5.1127 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,274 | 5.1167 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 86,400 | 5.1254 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 32,961 | 5.1668 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8 | 5.1700 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,806 | 5.1703 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 250,487 | 5.1272 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,566 | 5.1295 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 42,118 | 5.1694 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 34,907 | 5.2100 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 975 | 5.1099 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 864 | 5.1229 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,943 | 5.1317 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,894 | 5.1340 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,029 | 5.1441 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 725 | 5.1535 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,106 | 5.1559 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 167 | 5.1570 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,122 | 5.1648 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 937 | 5.0940 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 687 | 5.0955 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 235 | 5.1121 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,304 | 5.1127 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,272 | 5.1530 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,852 | 5.1536 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,512 | 5.1590 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8,859 | 5.1620 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 96,341 | 5.1700 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,054 | 5.1311 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 212 | 5.1659 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 106 | 5.1659 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,373 | 5.0952 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,111 | 5.1584 GBP | |||
| 10p ordinary | SWAP | Opening Long | 201,600 | 5.1254 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 8,066 | 5.1700 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 100,942 | 5.1267 GBP | |||
| 10p ordinary | SWAP | Opening Short | 179,042 | 5.2100 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: | 09 Aug 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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