Barclays Regulatory News (BARC)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

NEXT FIFTEEN COMMUNICATIONS GROUP P

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

01 June 2022

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

disclosures in respect of any other party to the offer?

M&C SAATCHI PLC

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(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:

2.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

372,753

0.38%

400,260

0.41%

(2)

Cash-settled derivatives:

2,333,703

2.38%

52,598

0.05%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,706,456

2.76%

452,858

0.46%

(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 PERSON MAKING THE DISCLOSURE

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

2.5p ordinary

Purchase

60

10.9994 GBP

2.5p ordinary

Purchase

159

10.9200 GBP

2.5p ordinary

Purchase

199

10.8800 GBP

2.5p ordinary

Purchase

221

10.6417 GBP

2.5p ordinary

Purchase

1,739

10.9145 GBP

2.5p ordinary

Purchase

2,982

10.8805 GBP

2.5p ordinary

Purchase

3,088

10.8756 GBP

2.5p ordinary

Purchase

3,465

10.9232 GBP

2.5p ordinary

Purchase

16,267

11.0000 GBP

2.5p ordinary

Sale

113

10.9727 GBP

2.5p ordinary

Sale

199

10.8800 GBP

2.5p ordinary

Sale

278

10.9781 GBP

2.5p ordinary

Sale

578

10.9546 GBP

2.5p ordinary

Sale

1,373

10.9826 GBP

2.5p ordinary

Sale

3,972

10.9913 GBP

2.5p ordinary

Sale

6,512

10.9320 GBP

2.5p ordinary

Sale

16,692

11.0000 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

2.5p ordinary

 SWAP

Long

113

10.9727 GBP

2.5p ordinary

 SWAP

Long

259

10.9410 GBP

2.5p ordinary

 SWAP

Long

259

10.9576 GBP

2.5p ordinary

 CFD

Long

278

10.9782 GBP

2.5p ordinary

 SWAP

Long

538

10.9357 GBP

2.5p ordinary

 CFD

Long

682

11.0000 GBP

2.5p ordinary

 CFD

Long

1,373

10.9826 GBP

2.5p ordinary

 CFD

Long

1,683

10.9991 GBP

2.5p ordinary

 SWAP

Long

1,686

10.9399 GBP

2.5p ordinary

 SWAP

Long

4,826

10.9292 GBP

2.5p ordinary

 SWAP

Long

16,587

11.0000 GBP

2.5p ordinary

 CFD

Short

221

10.6417 GBP

2.5p ordinary

 SWAP

Short

328

10.9197 GBP

2.5p ordinary

 CFD

Short

682

11.0000 GBP

2.5p ordinary

 SWAP

Short

873

10.9444 GBP

2.5p ordinary

 CFD

Short

1,043

10.7746 GBP

2.5p ordinary

 SWAP

Short

1,066

10.9333 GBP

2.5p ordinary

 SWAP

Short

1,100

10.8772 GBP

2.5p ordinary

 SWAP

Short

1,428

10.9288 GBP

2.5p ordinary

 SWAP

Short

2,063

10.9213 GBP

2.5p ordinary

 SWAP

Short

4,197

10.9059 GBP

2.5p ordinary

 SWAP

Short

14,411

11.0000 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 person 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 person 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:

6 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213