| 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 | | BALANCED COMMERCIAL PROPERTY TRUST LTD | ||||
| | relevant securities this form relates: | | |||||
| (c) | Name of the party to the offer with which exempt | BALANCED COMMERCIAL PROPERTY TRUST LTD | |||||
| | principal trader is connected | | | ||||
| (d) | Date position held/dealing undertaken: | | 14 Aug 2024 | ||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | NO | | | |||
| | trader making disclosures in respect of any other party to the offer? | | | ||||
| 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: | 1p ordinary | ||||||
| | Interests | Short Positions | |||||
| | Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned | | | | | ||
| | and/or controlled: | | | 1,316,170 | 0.19% | 740,288 | 0.11% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 133,012 | 0.02% | 157,877 | 0.02% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 1,449,182 | 0.21% | 898,165 | 0.13% |
| (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 | |||
| 1p ordinary | Purchase | 274,251 | 0.8750 GBP | 0.8562 GBP | |||
| 1p ordinary | Sale | 112,859 | 0.8750 GBP | 0.8596 GBP | |||
| | | | | | | | |
| (b) | Cash-settled derivative transactions | | |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description | | reference | unit | |||
| security | | | securities | | |||
| 1p ordinary | CFD | Opening Long | 6,211 | 0.8596 GBP | |||
| 1p ordinary | CFD | Increasing Long | 5,616 | 0.8749 GBP | |||
| 1p ordinary | CFD | Increasing Long | 22,481 | 0.8750 GBP | |||
| 1p ordinary | CFD | Decreasing Long | 28,692 | 0.8562 GBP | |||
| 1p ordinary | SWAP | Opening Long | 777 | 0.8740 GBP | |||
| 1p ordinary | SWAP | Opening Short | 2,520 | 0.8749 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 6,571 | 0.8750 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 10,356 | 0.8700 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 2,135 | 0.8708 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 37 | 0.8660 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 611 | 0.8677 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 4,578 | 0.8690 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 32 | 0.8700 GBP | |||
| 1p ordinary | SWAP | Opening Short | 71,061 | 0.8722 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 6,437 | 0.8743 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 63,910 | 0.8750 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 4,673 | 0.8750 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 199 | 0.8640 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 9,649 | 0.8707 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: | 15 Aug 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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