M&C Saatchi Regulatory News (SAA)

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

NEXT FIFTEEN COMMUNICATIONS GROUP 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:

27 May 2022

(f)

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

YES:

disclosures in respect of any other party to the offer?

M&C SAATCHI PLC

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:

2.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

452,667

0.46%

76,390

0.08%

(2)

Cash-settled derivatives:

2,619,038

2.67%

142,673

0.15%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,071,705

3.13%

219,063

0.22%

(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 PERSON MAKING THE DISCLOSURE

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

2.5p ordinary

Purchase

161

10.7000 GBP

2.5p ordinary

Purchase

169

10.8203 GBP

2.5p ordinary

Purchase

180

10.8100 GBP

2.5p ordinary

Purchase

187

10.8000 GBP

2.5p ordinary

Purchase

263

10.9189 GBP

2.5p ordinary

Purchase

266

10.9000 GBP

2.5p ordinary

Purchase

332

10.8584 GBP

2.5p ordinary

Purchase

423

10.8017 GBP

2.5p ordinary

Purchase

519

10.7033 GBP

2.5p ordinary

Purchase

633

10.9194 GBP

2.5p ordinary

Purchase

1,411

10.7825 GBP

2.5p ordinary

Purchase

1,776

10.9004 GBP

2.5p ordinary

Purchase

1,977

10.7430 GBP

2.5p ordinary

Purchase

3,298

10.7570 GBP

2.5p ordinary

Purchase

3,919

10.9200 GBP

2.5p ordinary

Purchase

5,106

10.7668 GBP

2.5p ordinary

Sale

161

10.7800 GBP

2.5p ordinary

Sale

370

10.8100 GBP

2.5p ordinary

Sale

541

10.8249 GBP

2.5p ordinary

Sale

1,059

10.7569 GBP

2.5p ordinary

Sale

1,222

10.7879 GBP

2.5p ordinary

Sale

1,973

10.7741 GBP

2.5p ordinary

Sale

2,198

10.7953 GBP

2.5p ordinary

Sale

5,917

10.8568 GBP

2.5p ordinary

Sale

8,208

10.8254 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

2.5p ordinary

 SWAP

Long

814

10.8119 GBP

2.5p ordinary

 SWAP

Long

1,174

10.7878 GBP

2.5p ordinary

 SWAP

Long

1,384

10.7855 GBP

2.5p ordinary

 SWAP

Long

1,893

10.8714 GBP

2.5p ordinary

 SWAP

Long

2,399

10.7713 GBP

2.5p ordinary

 SWAP

Long

3,709

10.8247 GBP

2.5p ordinary

 SWAP

Long

3,783

10.8029 GBP

2.5p ordinary

 SWAP

Long

4,024

10.8499 GBP

2.5p ordinary

 SWAP

Short

1

11.4000 GBP

2.5p ordinary

 SWAP

Short

93

10.8608 GBP

2.5p ordinary

 CFD

Short

169

10.8203 GBP

2.5p ordinary

 SWAP

Short

206

10.9205 GBP

2.5p ordinary

 CFD

Short

423

10.8017 GBP

2.5p ordinary

 CFD

Short

467

10.7583 GBP

2.5p ordinary

 CFD

Short

519

10.7033 GBP

2.5p ordinary

 CFD

Short

1,776

10.9004 GBP

2.5p ordinary

 SWAP

Short

1,864

10.8032 GBP

2.5p ordinary

 CFD

Short

1,883

10.7383 GBP

2.5p ordinary

 CFD

Short

3,298

10.7570 GBP

2.5p ordinary

 SWAP

Short

3,919

10.9200 GBP

2.5p ordinary

 CFD

Short

5,106

10.7668 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 person 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:

30 May 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213