Petershill Regulatory News (PHLL)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

PETERSHILL PARTNERS PLC

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

20 Oct 2025

(f)

In addition to the company in 1(c) above, is the discloser making

NO

disclosures in respect of any other party to the offer?

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(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:

USD 0.01 ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

12,352,580

1.14%

98,856

0.01%

(2)

Cash-settled derivatives:

15,981

0.00%

12,345,490

1.14%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

12,368,561

1.14%

12,444,346

1.15%

(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 PERSON MAKING THE DISCLOSURE

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

USD 0.01 ordinary

Purchase

134,552

3.0500 GBP

USD 0.01 ordinary

Purchase

114,453

3.0532 GBP

USD 0.01 ordinary

Purchase

60,051

3.0498 GBP

USD 0.01 ordinary

Purchase

33,287

3.0494 GBP

USD 0.01 ordinary

Purchase

26,513

3.0492 GBP

USD 0.01 ordinary

Purchase

8,353

3.0513 GBP

USD 0.01 ordinary

Purchase

5,579

3.0550 GBP

USD 0.01 ordinary

Purchase

3,128

3.0570 GBP

USD 0.01 ordinary

Purchase

2,261

3.0600 GBP

USD 0.01 ordinary

Purchase

2,122

3.0568 GBP

USD 0.01 ordinary

Purchase

1,931

3.0473 GBP

USD 0.01 ordinary

Purchase

1,926

3.0450 GBP

USD 0.01 ordinary

Purchase

829

3.0525 GBP

USD 0.01 ordinary

Purchase

694

3.0575 GBP

USD 0.01 ordinary

Purchase

288

3.0537 GBP

USD 0.01 ordinary

Purchase

87

3.0650 GBP

USD 0.01 ordinary

Purchase

16

3.0556 GBP

USD 0.01 ordinary

Sale

187,444

3.0500 GBP

USD 0.01 ordinary

Sale

87,948

3.0526 GBP

USD 0.01 ordinary

Sale

32,151

3.0499 GBP

USD 0.01 ordinary

Sale

26,266

3.0555 GBP

USD 0.01 ordinary

Sale

24,251

3.0512 GBP

USD 0.01 ordinary

Sale

14,751

3.0470 GBP

USD 0.01 ordinary

Sale

12,496

3.0497 GBP

USD 0.01 ordinary

Sale

9,664

3.0516 GBP

USD 0.01 ordinary

Sale

6,739

3.0519 GBP

USD 0.01 ordinary

Sale

6,062

3.0517 GBP

USD 0.01 ordinary

Sale

5,579

3.0550 GBP

USD 0.01 ordinary

Sale

4,946

3.0524 GBP

USD 0.01 ordinary

Sale

2,812

3.0467 GBP

USD 0.01 ordinary

Sale

2,377

3.0428 GBP

USD 0.01 ordinary

Sale

1,926

3.0450 GBP

USD 0.01 ordinary

Sale

829

3.0525 GBP

USD 0.01 ordinary

Sale

694

3.0575 GBP

USD 0.01 ordinary

Sale

574

3.0600 GBP

USD 0.01 ordinary

Sale

87

3.0650 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

USD 0.01 ordinary

SWAP

Decreasing Short

2,377

3.0428 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

12,496

3.0497 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

32,151

3.0499 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

79,404

3.0500 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

9,664

3.0516 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

133

3.0547 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

89

3.0549 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

80

3.0550 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

195

3.0569 GBP

USD 0.01 ordinary

SWAP

Increasing Short

490

3.0500 GBP

USD 0.01 ordinary

SWAP

Increasing Short

85,978

3.0533 GBP

USD 0.01 ordinary

SWAP

Increasing Short

756

3.0550 GBP

USD 0.01 ordinary

SWAP

Increasing Short

11,574

3.0561 GBP

USD 0.01 ordinary

SWAP

Increasing Short

3,128

3.0570 GBP

USD 0.01 ordinary

CFD

Decreasing Short

11,059

3.0500 GBP

USD 0.01 ordinary

CFD

Decreasing Short

6,062

3.0517 GBP

USD 0.01 ordinary

CFD

Decreasing Short

6,739

3.0518 GBP

USD 0.01 ordinary

CFD

Decreasing Short

87,948

3.0526 GBP

USD 0.01 ordinary

CFD

Decreasing Short

26,266

3.0555 GBP

USD 0.01 ordinary

CFD

Increasing Short

26,513

3.0492 GBP

USD 0.01 ordinary

CFD

Increasing Short

60,051

3.0498 GBP

USD 0.01 ordinary

CFD

Increasing Short

41,824

3.0500 GBP

USD 0.01 ordinary

CFD

Increasing Short

8,353

3.0513 GBP

USD 0.01 ordinary

CFD

Increasing Short

3,137

3.0548 GBP

USD 0.01 ordinary

CFD

Increasing Short

1,333

3.0550 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)

Exercise

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 person 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:

21 Oct 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213