Gamma Communications Regulatory News (GAMA)

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:

10 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:

1,295,017

1.44%

1,305,761

1.45%

(2)

Cash-settled derivatives:

and/or controlled:

1,281,673

1.42%

1,294,434

1.44%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,576,690

2.86%

2,600,195

2.88%

(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

300,402

9.7850 GBP

9.4050 GBP

0.25p ordinary

Sale

248,558

9.7840 GBP

9.4200 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 Long

593

9.7500 GBP

0.25p ordinary

SWAP

Decreasing Short

1,324

9.7495 GBP

0.25p ordinary

SWAP

Decreasing Long

654

9.7500 GBP

0.25p ordinary

SWAP

Increasing Short

536

9.7333 GBP

0.25p ordinary

SWAP

Decreasing Long

26

9.6793 GBP

0.25p ordinary

SWAP

Decreasing Long

105

9.6788 GBP

0.25p ordinary

SWAP

Decreasing Long

198

9.7500 GBP

0.25p ordinary

SWAP

Opening Short

4,584

9.7500 GBP

0.25p ordinary

SWAP

Closing Short

4,785

9.7500 GBP

0.25p ordinary

SWAP

Opening Long

13,134

9.7500 GBP

0.25p ordinary

SWAP

Increasing Long

13,022

9.7500 GBP

0.25p ordinary

SWAP

Increasing Long

13

9.7529 GBP

0.25p ordinary

SWAP

Increasing Long

36

9.7536 GBP

0.25p ordinary

SWAP

Increasing Long

2,160

9.7534 GBP

0.25p ordinary

SWAP

Increasing Long

1,192

9.7534 GBP

0.25p ordinary

SWAP

Increasing Long

115

9.7534 GBP

0.25p ordinary

SWAP

Increasing Long

1,266

9.7534 GBP

0.25p ordinary

SWAP

Decreasing Long

69

9.5892 GBP

0.25p ordinary

SWAP

Increasing Long

425

9.7203 GBP

0.25p ordinary

SWAP

Decreasing Long

5,918

9.7272 GBP

0.25p ordinary

SWAP

Increasing Long

1

9.4600 GBP

0.25p ordinary

SWAP

Increasing Long

1

9.4550 GBP

0.25p ordinary

SWAP

Increasing Short

77,641

9.7312 GBP

0.25p ordinary

SWAP

Increasing Long

76

9.6585 GBP

0.25p ordinary

SWAP

Decreasing Short

2,396

9.6054 GBP

0.25p ordinary

SWAP

Decreasing Short

31

9.7374 GBP

0.25p ordinary

SWAP

Increasing Long

79

9.7219 GBP

0.25p ordinary

SWAP

Increasing Long

29

9.7219 GBP

0.25p ordinary

CFD

Increasing Long

527

9.4560 GBP

0.25p ordinary

SWAP

Decreasing Short

2,000

9.5990 GBP

0.25p ordinary

SWAP

Increasing Long

5,462

9.7498 GBP

0.25p ordinary

SWAP

Closing Long

84

9.5391 GBP

0.25p ordinary

SWAP

Increasing Long

2,000

9.6702 GBP

0.25p ordinary

SWAP

Increasing Long

729

9.7542 GBP

0.25p ordinary

SWAP

Increasing Short

2,647

9.7504 GBP

0.25p ordinary

SWAP

Increasing Short

2,521

9.6816 GBP

0.25p ordinary

SWAP

Increasing Long

9,351

9.4839 GBP

0.25p ordinary

SWAP

Increasing Long

301

9.5297 GBP

0.25p ordinary

SWAP

Decreasing Long

3,138

9.7470 GBP

0.25p ordinary

SWAP

Decreasing Long

3,188

9.5834 GBP

0.25p ordinary

SWAP

Decreasing Long

425

9.5059 GBP

0.25p ordinary

SWAP

Decreasing Long

30

9.7500 GBP

0.25p ordinary

SWAP

Increasing Long

1

9.7700 GBP

0.25p ordinary

SWAP

Decreasing Long

1

9.7726 GBP

0.25p ordinary

SWAP

Increasing Short

82

9.7500 GBP

0.25p ordinary

SWAP

Decreasing Long

662

9.7056 GBP

0.25p ordinary

SWAP

Decreasing Long

246

9.7056 GBP

0.25p ordinary

SWAP

Decreasing Short

145

9.3959 GBP

0.25p ordinary

SWAP

Decreasing Long

12,362

9.7404 GBP

0.25p ordinary

SWAP

Increasing Long

47

9.4550 GBP

0.25p ordinary

SWAP

Increasing Long

1

9.4600 GBP

0.25p ordinary

SWAP

Increasing Long

15

9.7839 GBP

0.25p ordinary

SWAP

Decreasing Short

9,158

9.7500 GBP

0.25p ordinary

SWAP

Decreasing Short

1,543

9.6586 GBP

0.25p ordinary

SWAP

Decreasing Long

2,627

9.6027 GBP

0.25p ordinary

SWAP

Increasing Long

441

9.4690 GBP

0.25p ordinary

SWAP

Increasing Long

246

9.6093 GBP

0.25p ordinary

SWAP

Decreasing Short

53,255

9.4200 GBP

0.25p ordinary

SWAP

Increasing Long

2,153

9.6241 GBP

0.25p ordinary

SWAP

Decreasing Long

14

9.7851 GBP

0.25p ordinary

SWAP

Decreasing Short

1,994

9.6381 GBP

0.25p ordinary

SWAP

Decreasing Long

29

9.7500 GBP

0.25p ordinary

SWAP

Decreasing Short

9,663

9.6368 GBP

0.25p ordinary

SWAP

Increasing Long

5,053

9.7500 GBP

0.25p ordinary

SWAP

Increasing Short

76,384

9.7214 GBP

0.25p ordinary

SWAP

Decreasing Long

16,794

9.4200 GBP

0.25p ordinary

SWAP

Increasing Long

1,794

9.6119 GBP

0.25p ordinary

SWAP

Increasing Long

24,025

9.6677 GBP

0.25p ordinary

SWAP

Decreasing Long

10,347

9.6376 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:

11 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213