| 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: | | 14 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: | | | 9,799,095 | 1.01% | 3,428,364 | 0.35% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 2,513,682 | 0.26% | 8,550,596 | 0.88% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 12,312,777 | 1.26% | 11,978,960 | 1.23% |
| (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 | 899,417 | 5.4920 GBP | 5.3520 GBP | |||
| 10p ordinary | Sale | 1,436,914 | 5.4920 GBP | 5.2900 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 | Decreasing Short | 16 | 5.3793 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 977 | 5.4111 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 7,424 | 5.4169 GBP | |||
| 10p ordinary | CFD | Opening Long | 131,345 | 5.4915 GBP | |||
| 10p ordinary | CFD | Increasing Long | 20,589 | 5.4920 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 28,013 | 5.4222 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 474 | 5.4380 GBP | |||
| 10p ordinary | SWAP | Opening Long | 3,106 | 5.4228 GBP | |||
| 10p ordinary | SWAP | Closing Long | 2,950 | 5.4920 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 14,200 | 5.4264 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 631 | 5.4108 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 233,877 | 5.4298 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 144,971 | 5.3791 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 143,417 | 5.4128 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,716 | 5.4298 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 69 | 5.4177 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 86,173 | 5.4199 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,552 | 5.4317 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 10,329 | 5.4335 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 140,885 | 5.4829 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 42,563 | 5.2900 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 30,511 | 5.3886 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,776 | 5.4119 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 48,788 | 5.4893 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 118,568 | 5.4920 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1 | 5.3560 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,423 | 5.4036 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 158 | 5.4100 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 81,186 | 5.4177 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 32,592 | 5.4860 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4 | 5.4920 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 367 | 5.3739 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 536 | 5.3888 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,626 | 5.4059 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 399 | 5.4062 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 100 | 5.4519 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,306 | 5.4919 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,654 | 5.4135 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,076 | 5.4160 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 9,566 | 5.4215 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 6,660 | 5.4313 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,591 | 5.4347 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,484 | 5.4350 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 16,297 | 5.4375 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 19,694 | 5.4376 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,059 | 5.4405 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 44,672 | 5.4435 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 59,860 | 5.4920 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 931 | 5.4074 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7 | 5.4115 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21 | 5.4282 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7 | 5.4352 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 14 | 5.4490 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 4,179 | 5.4372 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 65,520 | 5.4915 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,345 | 5.4045 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 85,585 | 5.4920 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 29,173 | 5.4245 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11 | 5.4920 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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