Barclays Regulatory News (BARC)

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 relevant securities this form relates:

BARRATT DEVELOPMENTS PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

REDROW PLC

(d)

Date position held/dealing undertaken:

20 Feb 2024

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: 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:

3,838,777

0.39%

3,381,956

0.35%

(2) Cash-settled derivatives:

2,844,183

0.29%

2,684,688

0.28%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

6,682,960

0.69%

6,066,644

0.62%

(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)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10p ordinary

Purchase

898382

4.8090 GBP

4.7520 GBP

10p ordinary

Sale

1131287

4.8090 GBP

4.7570 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

CFD

Decreasing Long

7

4.7514 GBP

10p ordinary

SWAP

Decreasing Long

1,531

4.7767 GBP

10p ordinary

SWAP

Decreasing Long

2,022

4.7801 GBP

10p ordinary

SWAP

Decreasing Long

2,926

4.7912 GBP

10p ordinary

CFD

Decreasing Long

3,244

4.7778 GBP

10p ordinary

SWAP

Decreasing Long

6,293

4.7872 GBP

10p ordinary

SWAP

Decreasing Long

7,262

4.7911 GBP

10p ordinary

SWAP

Decreasing Long

7,488

4.7622 GBP

10p ordinary

CFD

Decreasing Long

8,512

4.8080 GBP

10p ordinary

SWAP

Decreasing Long

8,664

4.7881 GBP

10p ordinary

SWAP

Decreasing Long

9,512

4.7831 GBP

10p ordinary

SWAP

Decreasing Long

20,315

4.8080 GBP

10p ordinary

SWAP

Decreasing Long

37,166

4.7898 GBP

10p ordinary

CFD

Decreasing Long

41,405

4.7792 GBP

10p ordinary

SWAP

Decreasing Long

53,476

4.7972 GBP

10p ordinary

SWAP

Decreasing Short

74

4.7679 GBP

10p ordinary

SWAP

Decreasing Short

205

4.7770 GBP

10p ordinary

SWAP

Decreasing Short

227

4.8025 GBP

10p ordinary

SWAP

Decreasing Short

614

4.7960 GBP

10p ordinary

SWAP

Decreasing Short

874

4.7718 GBP

10p ordinary

SWAP

Decreasing Short

5,095

4.7815 GBP

10p ordinary

SWAP

Decreasing Short

28,497

4.7946 GBP

10p ordinary

SWAP

Decreasing Short

35,190

4.7862 GBP

10p ordinary

SWAP

Decreasing Short

93,697

4.7926 GBP

10p ordinary

SWAP

Decreasing Short

95,429

4.8070 GBP

10p ordinary

SWAP

Decreasing Short

121,732

4.8080 GBP

10p ordinary

SWAP

Decreasing Short

134,897

4.8079 GBP

10p ordinary

CFD

Increasing Long

8,512

4.8080 GBP

10p ordinary

CFD

Increasing Long

10,578

4.7879 GBP

10p ordinary

CFD

Increasing Long

30,834

4.8079 GBP

10p ordinary

SWAP

Increasing Long

32,700

4.7856 GBP

10p ordinary

SWAP

Increasing Short

98

4.7930 GBP

10p ordinary

SWAP

Increasing Short

522

4.7945 GBP

10p ordinary

SWAP

Increasing Short

603

4.7750 GBP

10p ordinary

SWAP

Increasing Short

1,079

4.7990 GBP

10p ordinary

SWAP

Increasing Short

1,141

4.7892 GBP

10p ordinary

SWAP

Increasing Short

1,912

4.7757 GBP

10p ordinary

SWAP

Increasing Short

2,244

4.7737 GBP

10p ordinary

SWAP

Increasing Short

2,660

4.7898 GBP

10p ordinary

SWAP

Increasing Short

2,676

4.7861 GBP

10p ordinary

SWAP

Increasing Short

6,130

4.7921 GBP

10p ordinary

SWAP

Increasing Short

9,092

4.7933 GBP

10p ordinary

SWAP

Increasing Short

13,480

4.7919 GBP

10p ordinary

SWAP

Increasing Short

37,760

4.8081 GBP

10p ordinary

SWAP

Increasing Short

73,276

4.7868 GBP

10p ordinary

SWAP

Opening Short

191

4.8029 GBP

10p ordinary

SWAP

Opening Short

268

4.7957 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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:

21 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213