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:

04 Aug 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:

407,481

0.41%

242,897

0.25%

(2)

Cash-settled derivatives:

and/or controlled:

765,239

0.78%

157,243

0.16%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,172,720

1.19%

400,140

0.41%

(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

Number of

Price per unit

security

securities

2.5p ordinary

Purchase

1

9.8900 GBP

2.5p ordinary

Purchase

88

9.9000 GBP

2.5p ordinary

Purchase

165

9.9100 GBP

2.5p ordinary

Purchase

174

10.2400 GBP

2.5p ordinary

Purchase

432

9.9508 GBP

2.5p ordinary

Purchase

535

9.9047 GBP

2.5p ordinary

Purchase

973

9.7095 GBP

2.5p ordinary

Purchase

3,358

9.7100 GBP

2.5p ordinary

Purchase

3,592

9.8958 GBP

2.5p ordinary

Purchase

8,481

9.8837 GBP

2.5p ordinary

Purchase

20,500

9.7670 GBP

2.5p ordinary

Sale

9

10.2588 GBP

2.5p ordinary

Sale

41

10.3399 GBP

2.5p ordinary

Sale

88

9.9000 GBP

2.5p ordinary

Sale

165

9.9100 GBP

2.5p ordinary

Sale

202

9.9525 GBP

2.5p ordinary

Sale

226

9.8900 GBP

2.5p ordinary

Sale

253

9.9068 GBP

2.5p ordinary

Sale

387

9.9073 GBP

2.5p ordinary

Sale

3,322

9.7100 GBP

2.5p ordinary

Sale

3,339

9.8950 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

41

10.3399 GBP

2.5p ordinary

CFD

Long

120

9.7100 GBP

2.5p ordinary

CFD

Long

202

9.9525 GBP

2.5p ordinary

SWAP

Long

411

9.7095 GBP

2.5p ordinary

SWAP

Short

202

10.0336 GBP

2.5p ordinary

SWAP

Short

210

9.9526 GBP

2.5p ordinary

SWAP

Short

214

9.9358 GBP

2.5p ordinary

SWAP

Short

351

9.7100 GBP

2.5p ordinary

CFD

Short

535

9.9047 GBP

2.5p ordinary

CFD

Short

793

10.2578 GBP

2.5p ordinary

CFD

Short

3,044

9.7100 GBP

2.5p ordinary

SWAP

Short

3,219

9.8129 GBP

2.5p ordinary

CFD

Short

3,840

9.7107 GBP

2.5p ordinary

SWAP

Short

4,753

9.7925 GBP

2.5p ordinary

SWAP

Short

6,896

9.7249 GBP

2.5p ordinary

SWAP

Short

8,242

9.8808 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 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:

05 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213