Gamma Communications Regulatory News (GAMA)

FORM 8.5 (EPT/NON-RI) Amendment - this form replaces RNS number 4594J published at 17:42 on 23/06/2026, changes made to section 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:

22 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:

1,112,695

1.24%

1,114,168

1.24%

(2)

Cash-settled derivatives:

and/or controlled:

1,051,342

1.17%

1,111,747

1.23%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,164,037

2.40%

2,225,915

2.47%

(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

89,684

9.1695 GBP

8.9244 GBP

0.25p ordinary

Sale

285,220

9.1431 GBP

8.9209 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

652

9.0548 GBP

0.25p ordinary

SWAP

Decreasing Short

1,312

8.9341 GBP

0.25p ordinary

SWAP

Decreasing Long

849

9.0550 GBP

0.25p ordinary

SWAP

Increasing Long

298

9.0550 GBP

0.25p ordinary

SWAP

Closing Short

6,089

8.9734 GBP

0.25p ordinary

SWAP

Opening Long

1,018

8.9734 GBP

0.25p ordinary

SWAP

Decreasing Long

241

8.9913 GBP

0.25p ordinary

SWAP

Decreasing Long

341

8.9754 GBP

0.25p ordinary

SWAP

Decreasing Long

631

8.9786 GBP

0.25p ordinary

SWAP

Increasing Long

4,814

9.0550 GBP

0.25p ordinary

SWAP

Decreasing Short

16

9.0725 GBP

0.25p ordinary

SWAP

Decreasing Long

2,157

9.0550 GBP

0.25p ordinary

SWAP

Increasing Long

6,430

8.9250 GBP

0.25p ordinary

SWAP

Decreasing Long

2,572

8.9250 GBP

0.25p ordinary

SWAP

Increasing Long

1,385

9.0586 GBP

0.25p ordinary

SWAP

Increasing Long

287

9.0550 GBP

0.25p ordinary

SWAP

Increasing Long

10,239

9.0383 GBP

0.25p ordinary

SWAP

Increasing Short

3,369

9.0228 GBP

0.25p ordinary

SWAP

Decreasing Long

87

9.0550 GBP

0.25p ordinary

SWAP

Decreasing Long

161

8.9858 GBP

0.25p ordinary

SWAP

Increasing Long

10,403

9.0545 GBP

0.25p ordinary

SWAP

Decreasing Long

9,303

9.0554 GBP

0.25p ordinary

SWAP

Decreasing Long

65

9.0661 GBP

0.25p ordinary

SWAP

Increasing Short

10,781

8.9576 GBP

0.25p ordinary

SWAP

Decreasing Short

788

9.0550 GBP

0.25p ordinary

SWAP

Opening Long

1

9.0550 GBP

0.25p ordinary

SWAP

Decreasing Long

3,780

9.0191 GBP

0.25p ordinary

SWAP

Decreasing Long

1,405

9.0191 GBP

0.25p ordinary

CFD

Decreasing Short

3,954

9.0751 GBP

0.25p ordinary

CFD

Decreasing Long

519

8.9487 GBP

0.25p ordinary

SWAP

Increasing Short

146

8.9336 GBP

0.25p ordinary

SWAP

Decreasing Long

3,858

8.9250 GBP

0.25p ordinary

SWAP

Closing Long

512

9.0078 GBP

0.25p ordinary

SWAP

Decreasing Long

2,905

9.0079 GBP

0.25p ordinary

SWAP

Increasing Long

2,000

8.9972 GBP

0.25p ordinary

SWAP

Increasing Long

669

9.0550 GBP

0.25p ordinary

SWAP

Decreasing Short

60

8.9795 GBP

0.25p ordinary

SWAP

Increasing Long

1,308

8.9850 GBP

0.25p ordinary

SWAP

Increasing Long

716

9.1234 GBP

0.25p ordinary

SWAP

Decreasing Long

32

8.9208 GBP

0.25p ordinary

SWAP

Increasing Long

7,850

8.9835 GBP

0.25p ordinary

SWAP

Increasing Long

529

9.0234 GBP

0.25p ordinary

SWAP

Increasing Long

676

9.0712 GBP

0.25p ordinary

SWAP

Decreasing Short

8,567

8.9660 GBP

0.25p ordinary

SWAP

Increasing Long

4,865

8.9300 GBP

0.25p ordinary

SWAP

Decreasing Long

2,315

8.9300 GBP

0.25p ordinary

SWAP

Increasing Long

805

9.0024 GBP

0.25p ordinary

SWAP

Increasing Long

2,335

9.0387 GBP

0.25p ordinary

SWAP

Increasing Long

155

8.9648 GBP

0.25p ordinary

SWAP

Increasing Long

110

8.9371 GBP

0.25p ordinary

SWAP

Increasing Long

33,142

9.0479 GBP

0.25p ordinary

SWAP

Decreasing Long

155

8.9651 GBP

0.25p ordinary

SWAP

Increasing Short

2,696

9.0432 GBP

0.25p ordinary

SWAP

Decreasing Short

2,351

9.0349 GBP

0.25p ordinary

SWAP

Decreasing Short

623

9.0544 GBP

0.25p ordinary

SWAP

Decreasing Long

2,550

8.9300 GBP

0.25p ordinary

SWAP

Decreasing Short

465

8.9484 GBP

0.25p ordinary

SWAP

Closing Long

1,734

9.1361 GBP

0.25p ordinary

SWAP

Opening Short

229

9.1361 GBP

0.25p ordinary

SWAP

Decreasing Long

11

9.0864 GBP

0.25p ordinary

SWAP

Increasing Long

52

8.9449 GBP

0.25p ordinary

SWAP

Increasing Long

2,664

9.1431 GBP

0.25p ordinary

SWAP

Increasing Short

16

9.0550 GBP

0.25p ordinary

SWAP

Increasing Long

2,006

8.9325 GBP

0.25p ordinary

SWAP

Decreasing Long

954

8.9325 GBP

0.25p ordinary

SWAP

Increasing Long

10,318

9.0278 GBP

0.25p ordinary

SWAP

Decreasing Long

145

8.9500 GBP

0.25p ordinary

SWAP

Increasing Long

84

8.9365 GBP

0.25p ordinary

SWAP

Decreasing Long

350

8.9635 GBP

0.25p ordinary

SWAP

Increasing Short

10,781

9.0062 GBP

0.25p ordinary

SWAP

Decreasing Short

17,380

9.0550 GBP

0.25p ordinary

SWAP

Increasing Short

477

9.0550 GBP

0.25p ordinary

SWAP

Decreasing Long

1,052

8.9325 GBP

0.25p ordinary

SWAP

Decreasing Short

4,979

8.9209 GBP

0.25p ordinary

SWAP

Increasing Short

1,010

8.9660 GBP

0.25p ordinary

SWAP

Decreasing Long

113

8.9846 GBP

0.25p ordinary

SWAP

Closing Short

239

9.0950 GBP

0.25p ordinary

SWAP

Increasing Long

3,676

8.9725 GBP

0.25p ordinary

SWAP

Decreasing Long

1,749

8.9725 GBP

0.25p ordinary

SWAP

Increasing Long

1,249

9.0649 GBP

0.25p ordinary

SWAP

Decreasing Long

5,299

9.0516 GBP

0.25p ordinary

SWAP

Increasing Long

133

9.0550 GBP

0.25p ordinary

SWAP

Increasing Short

1,281

8.9244 GBP

0.25p ordinary

SWAP

Decreasing Long

1,927

8.9725 GBP

0.25p ordinary

SWAP

Decreasing Short

4,544

9.0545 GBP

0.25p ordinary

SWAP

Increasing Long

21,130

9.0539 GBP

0.25p ordinary

SWAP

Increasing Long

271

8.9314 GBP

0.25p ordinary

SWAP

Increasing Long

11,598

9.0550 GBP

0.25p ordinary

SWAP

Increasing Long

2,489

9.0550 GBP

0.25p ordinary

SWAP

Decreasing Short

3,939

9.0358 GBP

0.25p ordinary

SWAP

Increasing Long

296

8.9314 GBP

0.25p ordinary

SWAP

Decreasing Short

1,200

8.9442 GBP

0.25p ordinary

SWAP

Increasing Long

64

9.0550 GBP

0.25p ordinary

SWAP

Decreasing Long

285

8.9400 GBP

0.25p ordinary

SWAP

Increasing Long

550

9.0550 GBP

0.25p ordinary

SWAP

Decreasing Short

18,851

9.0269 GBP

0.25p ordinary

SWAP

Decreasing Short

942

9.0545 GBP

0.25p ordinary

SWAP

Increasing Long

2,229

9.0269 GBP

0.25p ordinary

SWAP

Increasing Short

838

8.9273 GBP

0.25p ordinary

SWAP

Decreasing Short

5,156

9.0565 GBP

0.25p ordinary

SWAP

Decreasing Short

460

8.9412 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:

25 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213