| 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: | 29 Feb 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: | 8,990,637 | 0.92% | 5,296,828 | 0.54% | |||
| (2) Cash-settled derivatives: | 4,490,002 | 0.46% | 7,521,001 | 0.77% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| | 13,480,639 | 1.38% | 12,817,829 | 1.32% | |||
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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 | 3350146 | 4.6970 GBP | 4.6302 GBP | |||
| 10p ordinary | Sale | 1136013 | 4.6974 GBP | 4.6307 GBP | |||
| ADR | Purchase | 4000 | 11.8000 USD | 11.7471 USD | |||
| ADR | Sale | 4000 | 11.8000 USD | 11.7471 USD | |||
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| | | | | | | |
| (b) | Cash-settled derivative transactions | ||||||
| Class of | Product description | Nature of dealing | Number of | Price per | |||
| 10p ordinary | SWAP | Closing Long | 17,500 | 4.6625 GBP | |||
| 10p ordinary | SWAP | Closing Short | 162 | 4.6793 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 225 | 4.6743 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 856 | 4.6682 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 3,100 | 4.6597 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 4,209 | 4.6640 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 4,677 | 4.6607 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 6,591 | 4.6650 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 9,173 | 4.6499 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 32,932 | 4.6654 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 69,866 | 4.6624 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12 | 4.6619 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 62 | 4.6545 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 69 | 4.6524 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 93 | 4.6500 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 175 | 4.6539 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 350 | 4.6812 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 979 | 4.6510 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,040 | 4.6621 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,441 | 4.6798 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,523 | 4.6550 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,585 | 4.6624 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8,254 | 4.6722 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 22,039 | 4.6769 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 23,849 | 4.6562 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 25,477 | 4.6649 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 38,204 | 4.6672 GBP | |||
| 10p ordinary | CFD | Increasing Long | 356 | 4.6756 GBP | |||
| 10p ordinary | CFD | Increasing Long | 3,223 | 4.6594 GBP | |||
| 10p ordinary | CFD | Increasing Long | 3,725 | 4.6602 GBP | |||
| 10p ordinary | CFD | Increasing Long | 3,769 | 4.6650 GBP | |||
| 10p ordinary | CFD | Increasing Long | 5,802 | 4.6665 GBP | |||
| 10p ordinary | CFD | Increasing Long | 6,193 | 4.6649 GBP | |||
| 10p ordinary | CFD | Increasing Long | 230,571 | 4.6646 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 258,212 | 4.6630 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 109 | 4.6677 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 333 | 4.6628 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 461 | 4.6577 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,010 | 4.6670 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,142 | 4.6678 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,192 | 4.6705 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,752 | 4.6649 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,984 | 4.6637 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,663 | 4.6657 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,746 | 4.6686 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,183 | 4.6596 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,383 | 4.6611 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,569 | 4.6651 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,710 | 4.6635 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,120 | 4.6621 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 29,646 | 4.6646 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 38,971 | 4.6485 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 48,528 | 4.6581 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 70,001 | 4.6639 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 312,394 | 4.6619 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,218,506 | 4.6650 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: | 01 Mar 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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