Barclays Regulatory News (BARC)

FORM 8.5 (EPT/NON-RI) - Amendment - this form replaces RNS number 0301A published at 11:57 on 10/04/2026, changes made to section 2a and 3b

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:

09 Apr 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:

1,671,123

1.84%

526,115

0.58%

(2)

Cash-settled derivatives:

and/or controlled:

451,602

0.50%

1,662,694

1.83%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,122,725

2.33%

2,188,809

2.41%

(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

154,858

8.6460 GBP

8.4770 GBP

0.25p ordinary

Sale

308,276

8.7000 GBP

8.4920 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

Decreasing Short

490

8.5274 GBP

0.25p ordinary

SWAP

Decreasing Short

54

8.5371 GBP

0.25p ordinary

SWAP

Decreasing Short

1,769

8.5389 GBP

0.25p ordinary

SWAP

Decreasing Short

603

8.5399 GBP

0.25p ordinary

SWAP

Decreasing Short

1,459

8.5403 GBP

0.25p ordinary

SWAP

Decreasing Short

4,282

8.5425 GBP

0.25p ordinary

SWAP

Decreasing Short

565

8.5431 GBP

0.25p ordinary

SWAP

Decreasing Short

4,049

8.5457 GBP

0.25p ordinary

SWAP

Decreasing Short

1,306

8.5487 GBP

0.25p ordinary

SWAP

Decreasing Short

66,430

8.5495 GBP

0.25p ordinary

SWAP

Decreasing Short

31,655

8.5500 GBP

0.25p ordinary

SWAP

Decreasing Short

1

8.5508 GBP

0.25p ordinary

SWAP

Decreasing Short

1,681

8.5535 GBP

0.25p ordinary

SWAP

Decreasing Short

4,297

8.5536 GBP

0.25p ordinary

SWAP

Decreasing Short

5,498

8.5537 GBP

0.25p ordinary

SWAP

Decreasing Short

1,218

8.5538 GBP

0.25p ordinary

SWAP

Decreasing Short

38,813

8.5540 GBP

0.25p ordinary

SWAP

Decreasing Short

363

8.5583 GBP

0.25p ordinary

SWAP

Decreasing Short

309

8.5586 GBP

0.25p ordinary

SWAP

Decreasing Short

2,872

8.5594 GBP

0.25p ordinary

SWAP

Decreasing Short

5,377

8.5606 GBP

0.25p ordinary

SWAP

Decreasing Short

2,315

8.5618 GBP

0.25p ordinary

SWAP

Decreasing Short

4,330

8.5638 GBP

0.25p ordinary

SWAP

Decreasing Short

45,219

8.5642 GBP

0.25p ordinary

SWAP

Decreasing Short

769

8.5669 GBP

0.25p ordinary

SWAP

Decreasing Short

14,184

8.5676 GBP

0.25p ordinary

SWAP

Decreasing Short

1,405

8.5684 GBP

0.25p ordinary

SWAP

Decreasing Short

1

8.5700 GBP

0.25p ordinary

SWAP

Decreasing Short

312

8.5747 GBP

0.25p ordinary

SWAP

Decreasing Short

3

8.5760 GBP

0.25p ordinary

SWAP

Decreasing Short

16

8.5816 GBP

0.25p ordinary

SWAP

Decreasing Short

3

8.6991 GBP

0.25p ordinary

SWAP

Decreasing Short

6

8.7000 GBP

0.25p ordinary

SWAP

Increasing Short

2,000

8.5328 GBP

0.25p ordinary

SWAP

Increasing Short

455

8.5363 GBP

0.25p ordinary

SWAP

Increasing Short

2,516

8.5384 GBP

0.25p ordinary

SWAP

Increasing Short

3,615

8.5454 GBP

0.25p ordinary

SWAP

Increasing Short

1

8.5511 GBP

0.25p ordinary

SWAP

Increasing Short

507

8.5518 GBP

0.25p ordinary

SWAP

Increasing Short

659

8.5520 GBP

0.25p ordinary

SWAP

Increasing Short

5,958

8.5534 GBP

0.25p ordinary

SWAP

Increasing Short

6,842

8.5537 GBP

0.25p ordinary

SWAP

Increasing Short

23,680

8.5540 GBP

0.25p ordinary

SWAP

Increasing Short

1

8.5541 GBP

0.25p ordinary

SWAP

Increasing Short

563

8.5544 GBP

0.25p ordinary

SWAP

Increasing Short

1,105

8.5548 GBP

0.25p ordinary

SWAP

Increasing Short

5,729

8.5569 GBP

0.25p ordinary

SWAP

Increasing Short

3,260

8.5622 GBP

0.25p ordinary

SWAP

Increasing Short

2,891

8.5639 GBP

0.25p ordinary

SWAP

Increasing Short

3,221

8.5665 GBP

0.25p ordinary

SWAP

Increasing Short

1,921

8.5742 GBP

0.25p ordinary

SWAP

Increasing Short

479

8.6026 GBP

0.25p ordinary

SWAP

Increasing Short

4,297

8.6420 GBP

0.25p ordinary

CFD

Increasing Long

505

8.5422 GBP

0.25p ordinary

CFD

Increasing Long

1,129

8.5507 GBP

0.25p ordinary

CFD

Decreasing Long

9,728

8.5559 GBP

0.25p ordinary

CFD

Decreasing Long

10,442

8.5755 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:

13 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213