SGC.L Regulatory News (SGC)

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

NATIONAL EXPRESS 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:

29 March 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?

STAGECOACH GROUP 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:

5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

2,263,626

0.37%

7,743,521

1.26%

(2)

Cash-settled derivatives:

7,561,679

1.23%

2,172,979

0.35%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,825,305

1.60%

9,916,500

1.61%

(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

5p ordinary

Purchase

6

2.3894 GBP

5p ordinary

Purchase

83

2.4400 GBP

5p ordinary

Purchase

206

2.3770 GBP

5p ordinary

Purchase

244

2.4360 GBP

5p ordinary

Purchase

295

2.3800 GBP

5p ordinary

Purchase

618

2.3827 GBP

5p ordinary

Purchase

720

2.3764 GBP

5p ordinary

Purchase

750

2.4420 GBP

5p ordinary

Purchase

1,157

2.3871 GBP

5p ordinary

Purchase

3,012

2.3893 GBP

5p ordinary

Purchase

5,085

2.4409 GBP

5p ordinary

Purchase

11,160

2.4207 GBP

5p ordinary

Purchase

11,363

2.4029 GBP

5p ordinary

Purchase

16,216

2.4326 GBP

5p ordinary

Purchase

17,862

2.3920 GBP

5p ordinary

Purchase

40,566

2.4139 GBP

5p ordinary

Sale

1

2.3820 GBP

5p ordinary

Sale

3

2.3940 GBP

5p ordinary

Sale

100

2.3760 GBP

5p ordinary

Sale

143

2.4200 GBP

5p ordinary

Sale

208

2.3770 GBP

5p ordinary

Sale

618

2.3827 GBP

5p ordinary

Sale

713

2.4441 GBP

5p ordinary

Sale

769

2.4024 GBP

5p ordinary

Sale

1,269

2.3828 GBP

5p ordinary

Sale

1,665

2.4437 GBP

5p ordinary

Sale

2,761

2.3696 GBP

5p ordinary

Sale

3,000

2.3800 GBP

5p ordinary

Sale

3,284

2.4166 GBP

5p ordinary

Sale

5,674

2.4057 GBP

5p ordinary

Sale

7,663

2.4156 GBP

5p ordinary

Sale

9,121

2.4169 GBP

5p ordinary

Sale

10,319

2.4439 GBP

5p ordinary

Sale

17,862

2.3920 GBP

5p ordinary

Sale

26,726

2.4268 GBP

5p ordinary

Sale

33,615

2.4146 GBP

5p ordinary

Sale

238,831

2.4440 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

5p ordinary

 SWAP

Long

100

2.3759 GBP

5p ordinary

 SWAP

Long

100

2.4339 GBP

5p ordinary

 SWAP

Long

165

2.4172 GBP

5p ordinary

 SWAP

Long

205

2.3697 GBP

5p ordinary

 SWAP

Long

424

2.4060 GBP

5p ordinary

 SWAP

Long

847

2.3738 GBP

5p ordinary

 SWAP

Long

852

2.3936 GBP

5p ordinary

 SWAP

Long

1,269

2.3828 GBP

5p ordinary

 SWAP

Long

1,665

2.4437 GBP

5p ordinary

 SWAP

Long

2,556

2.3696 GBP

5p ordinary

 SWAP

Long

4,947

2.4035 GBP

5p ordinary

 SWAP

Long

5,250

2.4057 GBP

5p ordinary

 CFD

Long

5,289

2.4301 GBP

5p ordinary

 SWAP

Long

5,748

2.4058 GBP

5p ordinary

 SWAP

Long

8,956

2.4169 GBP

5p ordinary

 SWAP

Long

17,905

2.4439 GBP

5p ordinary

 SWAP

Long

25,177

2.4065 GBP

5p ordinary

 SWAP

Long

29,105

2.4440 GBP

5p ordinary

 CFD

Long

220,852

2.4440 GBP

5p ordinary

 SWAP

Short

2,405

2.4002 GBP

5p ordinary

 SWAP

Short

4,253

2.3921 GBP

5p ordinary

 SWAP

Short

4,361

2.4136 GBP

5p ordinary

 SWAP

Short

4,546

2.3941 GBP

5p ordinary

 SWAP

Short

5,303

2.4072 GBP

5p ordinary

 SWAP

Short

6,505

2.3955 GBP

5p ordinary

 SWAP

Short

17,860

2.4015 GBP

5p ordinary

 CFD

Short

36,415

2.4371 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 Mar 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213