| 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: | 21 Aug 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: | 26,187,104 | 2.69% | 4,249,726 | 0.44% | |||
| (2) Cash-settled derivatives: | 3,968,736 | 0.41% | 22,977,371 | 2.36% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| | 30,155,840 | 3.09% | 27,227,097 | 2.79% | |||
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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 | 30277732 | 5.5200 GBP | 5.4292 GBP | |||
| 10p ordinary | Sale | 23617997 | 5.5160 GBP | 5.4261 GBP | |||
| ADR | Purchase | 8666 | 14.3500 USD | 14.2457 USD | |||
| ADR | Sale | 8666 | 14.3500 USD | 14.2457 USD | |||
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| | | | | | | |
| (b) | Cash-settled derivative transactions | ||||||
| Class of | Product description | Nature of dealing | Number of | Price per | |||
| 10p ordinary | SWAP | Decreasing Short | 5,200 | 5.4734 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,233,783 | 5.4300 GBP | |||
| 10p ordinary | CFD | Increasing Long | 1,008,000 | 5.4295 GBP | |||
| 10p ordinary | CFD | Increasing Long | 1,593 | 5.4300 GBP | |||
| 10p ordinary | CFD | Increasing Long | 7,611 | 5.4716 GBP | |||
| 10p ordinary | CFD | Increasing Long | 1,650 | 5.4806 GBP | |||
| 10p ordinary | CFD | Increasing Long | 7,749 | 5.4954 GBP | |||
| 10p ordinary | CFD | Increasing Long | 2,260 | 5.5015 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 97,563 | 5.4304 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 2,241 | 5.4477 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 4,398 | 5.4726 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 9,342 | 5.4929 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,856 | 5.4943 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 630,142 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Opening Long | 467,588 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 13,200 | 5.4729 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 852 | 5.4888 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 38,076 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 799,732 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Opening Short | 647,180 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8,179 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 17,957 | 5.4291 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 56,290 | 5.4300 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,713 | 5.4878 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,059 | 5.4962 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 358,852 | 5.4289 GBP | |||
| 10p ordinary | SWAP | Opening Long | 749,453 | 5.4300 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,447 | 5.4778 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 20,629 | 5.4816 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 176,615 | 5.4900 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 104,542 | 5.5018 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 14,493 | 5.5113 GBP | |||
| 10p ordinary | SWAP | Opening Short | 4,412,210 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,212,985 | 5.4300 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 717,991 | 5.4302 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 73,494 | 5.4800 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 233,767 | 5.4806 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,557 | 5.5022 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,813 | 5.5079 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,611 | 5.4616 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 301 | 5.4753 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,027 | 5.4888 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 61,427 | 5.4904 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,517 | 5.4926 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,094 | 5.4932 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,955 | 5.4940 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 15,712 | 5.4965 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 61,634 | 5.4966 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,043 | 5.5038 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,362 | 5.5087 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 98,131 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 26,018 | 5.4739 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8,312 | 5.4795 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 6,595 | 5.4803 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,047 | 5.4842 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 467 | 5.4892 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,171 | 5.4936 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,507 | 5.4947 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 627 | 5.4980 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,108 | 5.4999 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,246 | 5.5043 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,760 | 5.5068 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 676 | 5.4920 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 664 | 5.4998 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 387,758 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 332 | 5.4998 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 378,000 | 5.4295 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 23,361 | 5.4808 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 96,864 | 5.4870 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 859,511 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,177 | 5.4725 GBP | |||
| 10p ordinary | SWAP | Opening Long | 720,000 | 5.4286 GBP | |||
| 10p ordinary | SWAP | Opening Long | 786,364 | 5.4289 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 871,603 | 5.4300 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 83,325 | 5.4777 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 10,553 | 5.4884 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,235,005 | 0.0000 GBP | |||
| 10p ordinary | SWAP | Opening Short | 2,637,060 | 5.4300 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 56,379 | 5.4842 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 124,901 | 5.4860 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,187 | 5.5056 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: | 22 Aug 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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