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 PLC

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:

31 May 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:

389,440

0.40%

415,410

0.42%

(2)

Cash-settled derivatives:

3,154,353

3.22%

68,860

0.07%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,543,793

3.61%

484,270

0.49%

(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

113

10.3201 GBP

2.5p ordinary

Purchase

151

10.6400 GBP

2.5p ordinary

Purchase

182

10.6200 GBP

2.5p ordinary

Purchase

189

10.6900 GBP

2.5p ordinary

Purchase

322

10.4600 GBP

2.5p ordinary

Purchase

701

10.5120 GBP

2.5p ordinary

Purchase

1,148

10.8994 GBP

2.5p ordinary

Purchase

1,678

10.5011 GBP

2.5p ordinary

Purchase

1,704

10.5302 GBP

2.5p ordinary

Purchase

3,795

10.5191 GBP

2.5p ordinary

Purchase

4,582

10.3691 GBP

2.5p ordinary

Purchase

22,555

10.5573 GBP

2.5p ordinary

Purchase

27,512

10.8763 GBP

2.5p ordinary

Purchase

141,208

10.9000 GBP

2.5p ordinary

Purchase

210,932

10.8989 GBP

2.5p ordinary

Sale

61

10.5000 GBP

2.5p ordinary

Sale

163

10.4600 GBP

2.5p ordinary

Sale

182

10.6200 GBP

2.5p ordinary

Sale

185

10.8986 GBP

2.5p ordinary

Sale

576

10.4339 GBP

2.5p ordinary

Sale

737

10.5689 GBP

2.5p ordinary

Sale

783

10.5737 GBP

2.5p ordinary

Sale

1,077

10.5506 GBP

2.5p ordinary

Sale

2,084

10.5567 GBP

2.5p ordinary

Sale

4,155

10.8425 GBP

2.5p ordinary

Sale

4,222

10.4800 GBP

2.5p ordinary

Sale

6,974

10.5442 GBP

2.5p ordinary

Sale

16,621

10.6157 GBP

2.5p ordinary

Sale

20,800

10.5515 GBP

2.5p ordinary

Sale

188,455

10.9000 GBP

2.5p ordinary

Sale

221,844

10.8847 GBP

2.5p ordinary

Sale

332,699

10.8974 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

185

10.8986 GBP

2.5p ordinary

 SWAP

Long

642

10.6055 GBP

2.5p ordinary

 SWAP

Long

671

10.4180 GBP

2.5p ordinary

 SWAP

Long

1,077

10.5506 GBP

2.5p ordinary

 SWAP

Long

4,155

10.8425 GBP

2.5p ordinary

 SWAP

Long

4,469

10.5466 GBP

2.5p ordinary

 SWAP

Long

5,083

10.5815 GBP

2.5p ordinary

 SWAP

Long

5,640

10.5595 GBP

2.5p ordinary

 CFD

Long

9,902

10.5481 GBP

2.5p ordinary

 SWAP

Long

11,425

10.8741 GBP

2.5p ordinary

 SWAP

Long

11,538

10.6307 GBP

2.5p ordinary

 SWAP

Long

18,498

10.8779 GBP

2.5p ordinary

 CFD

Long

38,126

10.8951 GBP

2.5p ordinary

 SWAP

Long

53,408

10.9000 GBP

2.5p ordinary

 CFD

Long

100,540

10.8991 GBP

2.5p ordinary

 CFD

Long

136,094

10.9000 GBP

2.5p ordinary

 SWAP

Short

113

10.3202 GBP

2.5p ordinary

 SWAP

Short

128

10.5800 GBP

2.5p ordinary

 SWAP

Short

286

10.4739 GBP

2.5p ordinary

 SWAP

Short

696

10.5222 GBP

2.5p ordinary

 CFD

Short

1,678

10.5011 GBP

2.5p ordinary

 SWAP

Short

2,158

10.5679 GBP

2.5p ordinary

 SWAP

Short

2,342

10.7375 GBP

2.5p ordinary

 CFD

Short

3,122

10.5234 GBP

2.5p ordinary

 SWAP

Short

4,296

10.3621 GBP

2.5p ordinary

 SWAP

Short

5,114

10.9000 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:

1 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213