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

GAMMA COMMUNICATIONS PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

GAMMA COMMUNICATIONS PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

16 Jun 2026

(e)

In addition to the company in 1(b) above, is the exempt principal

NO

trader making disclosures in respect of any other party to the offer?

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:

0.25p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

1,160,038

1.29%

913,648

1.01%

(2)

Cash-settled derivatives:

and/or controlled:

891,934

0.99%

1,159,650

1.29%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,051,972

2.28%

2,073,298

2.30%

(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)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

0.25p ordinary

Purchase

74,024

9.3760 GBP

9.1000 GBP

0.25p ordinary

Sale

97,874

9.2098 GBP

9.0850 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

0.25p ordinary

SWAP

Increasing Long

219

9.1900 GBP

0.25p ordinary

SWAP

Decreasing Short

540

9.1895 GBP

0.25p ordinary

SWAP

Decreasing Long

983

9.1969 GBP

0.25p ordinary

SWAP

Increasing Long

387

9.1900 GBP

0.25p ordinary

SWAP

Increasing Short

32

9.1900 GBP

0.25p ordinary

SWAP

Decreasing Long

153

9.1636 GBP

0.25p ordinary

SWAP

Increasing Long

14,836

9.1622 GBP

0.25p ordinary

SWAP

Increasing Long

204

9.1785 GBP

0.25p ordinary

SWAP

Increasing Long

1,048

9.1915 GBP

0.25p ordinary

SWAP

Increasing Long

61

9.1900 GBP

0.25p ordinary

SWAP

Increasing Short

547

9.1900 GBP

0.25p ordinary

SWAP

Decreasing Long

3,157

9.1900 GBP

0.25p ordinary

SWAP

Decreasing Long

326

9.1653 GBP

0.25p ordinary

SWAP

Closing Long

31

9.1900 GBP

0.25p ordinary

SWAP

Decreasing Long

1,347

9.3022 GBP

0.25p ordinary

SWAP

Decreasing Long

1,018

9.1863 GBP

0.25p ordinary

SWAP

Decreasing Long

534

9.1843 GBP

0.25p ordinary

SWAP

Decreasing Long

121

9.1900 GBP

0.25p ordinary

SWAP

Increasing Short

2,696

9.3765 GBP

0.25p ordinary

SWAP

Increasing Short

160

9.1200 GBP

0.25p ordinary

SWAP

Decreasing Long

3,698

9.1698 GBP

0.25p ordinary

SWAP

Decreasing Long

1,375

9.1698 GBP

0.25p ordinary

CFD

Decreasing Long

524

9.1700 GBP

0.25p ordinary

CFD

Increasing Long

251

9.1600 GBP

0.25p ordinary

SWAP

Increasing Short

1,200

9.2209 GBP

0.25p ordinary

SWAP

Decreasing Long

3,801

9.1719 GBP

0.25p ordinary

SWAP

Increasing Long

2,000

9.1606 GBP

0.25p ordinary

SWAP

Decreasing Long

36

9.1916 GBP

0.25p ordinary

SWAP

Increasing Short

2,083

9.1904 GBP

0.25p ordinary

SWAP

Decreasing Short

2,285

9.1914 GBP

0.25p ordinary

SWAP

Decreasing Long

46

9.1774 GBP

0.25p ordinary

SWAP

Decreasing Long

262

9.1665 GBP

0.25p ordinary

SWAP

Decreasing Long

995

9.1222 GBP

0.25p ordinary

SWAP

Decreasing Long

6,490

9.1754 GBP

0.25p ordinary

SWAP

Increasing Long

133

9.2523 GBP

0.25p ordinary

SWAP

Decreasing Short

996

9.2058 GBP

0.25p ordinary

CFD

Increasing Long

17

9.1647 GBP

0.25p ordinary

CFD

Increasing Long

1,980

9.1150 GBP

0.25p ordinary

SWAP

Decreasing Short

13,360

9.1707 GBP

0.25p ordinary

SWAP

Decreasing Long

31

9.1850 GBP

0.25p ordinary

SWAP

Decreasing Long

3,298

9.1602 GBP

0.25p ordinary

SWAP

Decreasing Long

7,581

9.2837 GBP

0.25p ordinary

SWAP

Decreasing Short

220

9.1900 GBP

0.25p ordinary

CFD

Decreasing Long

326

9.1900 GBP

0.25p ordinary

SWAP

Closing Long

251

9.1541 GBP

0.25p ordinary

SWAP

Decreasing Long

422

9.1910 GBP

0.25p ordinary

SWAP

Decreasing Short

8,874

9.1900 GBP

0.25p ordinary

SWAP

Decreasing Long

118

9.1350 GBP

0.25p ordinary

SWAP

Increasing Short

1,304

9.1677 GBP

0.25p ordinary

SWAP

Decreasing Long

148

9.1600 GBP

0.25p ordinary

SWAP

Decreasing Short

462

9.2034 GBP

0.25p ordinary

SWAP

Increasing Long

1,308

9.2033 GBP

0.25p ordinary

SWAP

Increasing Short

1,551

9.1163 GBP

0.25p ordinary

SWAP

Increasing Long

80

9.1900 GBP

0.25p ordinary

SWAP

Decreasing Short

3,688

9.1999 GBP

0.25p ordinary

SWAP

Increasing Long

6,036

9.1900 GBP

0.25p ordinary

SWAP

Decreasing Long

1,138

9.1402 GBP

0.25p ordinary

SWAP

Increasing Long

1,268

9.1982 GBP

0.25p ordinary

SWAP

Decreasing Long

3,226

9.1424 GBP

0.25p ordinary

SWAP

Increasing Long

5,811

9.1842 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 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:

17 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213