Gamma Communications Regulatory News (GAMA)

FORM 8.5 (EPT/NON-RI) - Amendment - this form replaces RNS number 0112E published at 11:56 on 12/05/2026, changes made to section 2a.

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:

11 May 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:

1,154,662

1.27%

833,814

0.92%

(2)

Cash-settled derivatives:

and/or controlled:

796,515

0.88%

1,153,112

1.27%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,951,177

2.15%

1,986,926

2.19%

(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

98,943

9.3220 GBP

9.1944 GBP

0.25p ordinary

Sale

116,206

9.4350 GBP

9.2195 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

4,983

9.2195 GBP

0.25p ordinary

SWAP

Decreasing Short

15,865

9.2199 GBP

0.25p ordinary

SWAP

Decreasing Short

19,974

9.2200 GBP

0.25p ordinary

SWAP

Decreasing Short

4,777

9.2390 GBP

0.25p ordinary

SWAP

Decreasing Short

2,658

9.2804 GBP

0.25p ordinary

SWAP

Decreasing Short

677

9.2884 GBP

0.25p ordinary

SWAP

Decreasing Short

3,247

9.2920 GBP

0.25p ordinary

SWAP

Decreasing Short

10

9.2948 GBP

0.25p ordinary

SWAP

Decreasing Short

882

9.2989 GBP

0.25p ordinary

SWAP

Decreasing Short

2,105

9.3008 GBP

0.25p ordinary

SWAP

Decreasing Short

751

9.3033 GBP

0.25p ordinary

SWAP

Decreasing Short

1,318

9.3098 GBP

0.25p ordinary

SWAP

Decreasing Short

114

9.3183 GBP

0.25p ordinary

SWAP

Decreasing Short

48

9.3201 GBP

0.25p ordinary

SWAP

Decreasing Short

265

9.3300 GBP

0.25p ordinary

SWAP

Decreasing Short

304

9.3350 GBP

0.25p ordinary

SWAP

Increasing Short

1,388

9.2100 GBP

0.25p ordinary

SWAP

Increasing Short

24,079

9.2200 GBP

0.25p ordinary

SWAP

Increasing Short

2,309

9.2377 GBP

0.25p ordinary

SWAP

Increasing Short

98

9.2500 GBP

0.25p ordinary

SWAP

Increasing Short

714

9.2512 GBP

0.25p ordinary

SWAP

Increasing Short

363

9.2568 GBP

0.25p ordinary

SWAP

Increasing Short

1,253

9.2572 GBP

0.25p ordinary

SWAP

Increasing Short

1,228

9.2729 GBP

0.25p ordinary

SWAP

Increasing Short

3,984

9.2738 GBP

0.25p ordinary

SWAP

Increasing Short

972

9.2766 GBP

0.25p ordinary

SWAP

Increasing Short

426

9.2869 GBP

0.25p ordinary

SWAP

Increasing Short

518

9.2897 GBP

0.25p ordinary

SWAP

Increasing Short

10

9.2951 GBP

0.25p ordinary

SWAP

Increasing Short

58

9.3000 GBP

0.25p ordinary

SWAP

Increasing Short

2,813

9.3221 GBP

0.25p ordinary

CFD

Decreasing Short

286

9.2791 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:

14 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213