Gamma Communications Regulatory News (GAMA)

FORM 8.5 Amendment - this form replaces RNS number 7674D published at 09:06 on 11/05/2026, changes made to section 2A,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:

08 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:

1,173,627

1.29%

835,516

0.92%

(2)

Cash-settled derivatives:

and/or controlled:

809,222

0.89%

1,183,870

1.30%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,982,849

2.19%

2,019,386

2.22%

(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

11,2683

9.4400 GBP

9.2320 GBP

0.25p ordinary

Sale

156,124

9.4100 GBP

9.2312 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

4,013

9.3201 GBP

0.25p ordinary

SWAP

Decreasing Short

11

9.2312 GBP

0.25p ordinary

SWAP

Decreasing Short

1,644

9.2315 GBP

0.25p ordinary

SWAP

Decreasing Short

43,123

9.2320 GBP

0.25p ordinary

SWAP

Decreasing Short

746

9.2424 GBP

0.25p ordinary

SWAP

Decreasing Short

3,024

9.2455 GBP

0.25p ordinary

SWAP

Decreasing Short

1,754

9.2461 GBP

0.25p ordinary

SWAP

Decreasing Short

2,464

9.2649 GBP

0.25p ordinary

SWAP

Decreasing Short

358

9.2788 GBP

0.25p ordinary

SWAP

Decreasing Short

6,146

9.2979 GBP

0.25p ordinary

SWAP

Decreasing Short

4,598

9.3017 GBP

0.25p ordinary

SWAP

Decreasing Short

1

9.3070 GBP

0.25p ordinary

SWAP

Decreasing Short

480

9.3092 GBP

0.25p ordinary

SWAP

Decreasing Short

33

9.3100 GBP

0.25p ordinary

SWAP

Decreasing Short

1,256

9.3107 GBP

0.25p ordinary

SWAP

Decreasing Short

277

9.3290 GBP

0.25p ordinary

SWAP

Decreasing Short

3,600

9.3384 GBP

0.25p ordinary

SWAP

Decreasing Short

5,867

9.3405 GBP

0.25p ordinary

SWAP

Decreasing Short

2

9.3430 GBP

0.25p ordinary

SWAP

Decreasing Short

2,904

9.3741 GBP

0.25p ordinary

SWAP

Decreasing Short

2,483

9.3628 GBP

0.25p ordinary

SWAP

Decreasing Short

132

9.3892 GBP

0.25p ordinary

SWAP

Decreasing Short

367

9.3934 GBP

0.25p ordinary

SWAP

Decreasing Short

105

9.3971 GBP

0.25p ordinary

SWAP

Decreasing Short

437

9.4059 GBP

0.25p ordinary

SWAP

Decreasing Short

301

9.4100 GBP

0.25p ordinary

SWAP

Increasing Short

7,248

9.2320 GBP

0.25p ordinary

SWAP

Increasing Short

5,234

9.2324 GBP

0.25p ordinary

SWAP

Increasing Short

62

9.2345 GBP

0.25p ordinary

SWAP

Increasing Short

2,075

9.2370 GBP

0.25p ordinary

SWAP

Increasing Short

105

9.2817 GBP

0.25p ordinary

SWAP

Increasing Short

11,960

9.3389 GBP

0.25p ordinary

SWAP

Increasing Short

1,020

9.3206 GBP

0.25p ordinary

SWAP

Increasing Short

3,527

9.3249 GBP

0.25p ordinary

SWAP

Increasing Short

1,556

9.3318 GBP

0.25p ordinary

SWAP

Increasing Short

684

9.3359 GBP

0.25p ordinary

SWAP

Increasing Short

6,465

9.3482 GBP

0.25p ordinary

SWAP

Increasing Short

4,000

9.3549 GBP

0.25p ordinary

SWAP

Increasing Short

183

9.3697 GBP

0.25p ordinary

SWAP

Increasing Short

1,440

9.3837 GBP

0.25p ordinary

SWAP

Increasing Short

713

9.3908 GBP

0.25p ordinary

SWAP

Increasing Short

1,029

9.3963 GBP

0.25p ordinary

SWAP

Increasing Short

1

9.4420 GBP

0.25p ordinary

CFD

Decreasing Short

2,931

9.3940 GBP

0.25p ordinary

CFD

Increasing Short

690

9.2327 GBP

0.25p ordinary

CFD

Increasing Short

138

9.3273 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