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:

07 April 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:

2,051,746

0.33%

7,814,906

1.27%

(2)

Cash-settled derivatives:

7,612,452

1.24%

1,979,839

0.32%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,664,198

1.57%

9,794,745

1.60%

(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

21

2.3419 GBP

5p ordinary

Purchase

508

2.3160 GBP

5p ordinary

Purchase

526

2.3108 GBP

5p ordinary

Purchase

679

2.3249 GBP

5p ordinary

Purchase

1,345

2.3341 GBP

5p ordinary

Purchase

1,347

2.3163 GBP

5p ordinary

Purchase

1,474

2.3126 GBP

5p ordinary

Purchase

1,759

2.3101 GBP

5p ordinary

Purchase

1,973

2.3463 GBP

5p ordinary

Purchase

4,123

2.3247 GBP

5p ordinary

Purchase

9,053

2.3410 GBP

5p ordinary

Purchase

9,737

2.3394 GBP

5p ordinary

Purchase

11,864

2.3201 GBP

5p ordinary

Purchase

13,892

2.3516 GBP

5p ordinary

Purchase

18,332

2.3157 GBP

5p ordinary

Purchase

41,076

2.3477 GBP

5p ordinary

Purchase

53,713

2.3328 GBP

5p ordinary

Sale

39

2.3176 GBP

5p ordinary

Sale

96

2.3500 GBP

5p ordinary

Sale

814

2.3135 GBP

5p ordinary

Sale

1,098

2.3210 GBP

5p ordinary

Sale

1,159

2.3410 GBP

5p ordinary

Sale

1,432

2.3312 GBP

5p ordinary

Sale

2,059

2.3278 GBP

5p ordinary

Sale

2,372

2.3205 GBP

5p ordinary

Sale

2,551

2.3104 GBP

5p ordinary

Sale

3,013

2.3417 GBP

5p ordinary

Sale

5,051

2.3540 GBP

5p ordinary

Sale

5,526

2.3539 GBP

5p ordinary

Sale

5,989

2.3478 GBP

5p ordinary

Sale

6,023

2.3172 GBP

5p ordinary

Sale

13,225

2.3408 GBP

5p ordinary

Sale

16,343

2.3405 GBP

5p ordinary

Sale

23,089

2.3541 GBP

5p ordinary

Sale

31,574

2.3475 GBP

5p ordinary

Sale

79,148

2.3520 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

39

2.3177 GBP

5p ordinary

 SWAP

Long

131

2.3448 GBP

5p ordinary

 SWAP

Long

814

2.3135 GBP

5p ordinary

 SWAP

Long

873

2.3232 GBP

5p ordinary

 SWAP

Long

1,098

2.3209 GBP

5p ordinary

 SWAP

Long

2,059

2.3278 GBP

5p ordinary

 SWAP

Long

2,372

2.3205 GBP

5p ordinary

 SWAP

Long

2,396

2.3349 GBP

5p ordinary

 SWAP

Long

2,551

2.3104 GBP

5p ordinary

 CFD

Long

3,033

2.3388 GBP

5p ordinary

 CFD

Long

3,082

2.3374 GBP

5p ordinary

 SWAP

Long

5,551

2.3442 GBP

5p ordinary

 SWAP

Long

5,858

2.3479 GBP

5p ordinary

 CFD

Long

13,225

2.3408 GBP

5p ordinary

 SWAP

Long

20,948

2.3540 GBP

5p ordinary

 SWAP

Long

28,360

2.3463 GBP

5p ordinary

 SWAP

Long

57,609

2.3539 GBP

5p ordinary

 SWAP

Short

21

2.3420 GBP

5p ordinary

 SWAP

Short

526

2.3108 GBP

5p ordinary

 SWAP

Short

679

2.3249 GBP

5p ordinary

 SWAP

Short

1,713

2.3298 GBP

5p ordinary

 CFD

Short

1,759

2.3101 GBP

5p ordinary

 SWAP

Short

2,291

2.3425 GBP

5p ordinary

 SWAP

Short

4,950

2.3385 GBP

5p ordinary

 SWAP

Short

5,154

2.3469 GBP

5p ordinary

 SWAP

Short

9,053

2.3410 GBP

5p ordinary

 CFD

Short

11,864

2.3201 GBP

5p ordinary

 CFD

Short

13,892

2.3516 GBP

5p ordinary

 SWAP

Short

14,654

2.3358 GBP

5p ordinary

 CFD

Short

18,332

2.3157 GBP

5p ordinary

 SWAP

Short

40,983

2.3311 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:

8 Apr 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213