Form 8.3 - J Sainsbury Plc

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANTSECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the "Code") 

1. KEY INFORMATION(a) Full name of discloser: P. Schoenfeld Asset Management LLP(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.(c) Name of offeror/offeree in relation to whose relevant securities this form relates: J Sainsbury PlcUse a separate form for each offeror/offeree(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: 21 March 2016For an opening position disclosure, state the latest practicable date prior to the disclosure(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? Yes, Home Retail Group PlcIf it is a cash offer or possible cash offer, state "N/A"2. POSITIONS OF THE PERSON MAKING THE DISCLOSUREIf there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.(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: 28 4/7p ordinary 

Interests Short positions Number % Number %

(1) Relevant securities owned and/or controlled: (2) Cash-settled derivatives: 1,200,000 0.06  (3) Stock-settled derivatives (including options) and agreements topurchase/sell:TOTAL: 1,200,000 0.06All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b) Rights to subscribe for new securities (including directors and other employee 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 DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror orofferee named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional classof relevant security dealt in.The currency of all prices and other monetary amounts should be stated.

(a) Purchases and salesClass of relevant Purchase/sale Number of securities Price per unit security (b) Cash-settled derivative transactionsClass of relevant Product Nature of dealing Number of Price per unit security description e.g. opening/closing a reference e.g. CFD long/short position, securities increasing/reducing a long/short position28 4/7p ordinary Equity Swap Increasing a short position 200,000 GBP 2.75549128 4/7p ordinary Equity Swap Increasing a short position 500,000 GBP 2.753195(c) Stock-settled derivative transactions (including options)(i) Writing, selling, purchasing or varyingClass of Product Writing, Number of Exercise Type Expiry Optionrelevant description purchasing, securities price per e.g. date moneysecurity e.g. call selling, to which unit American, paid/ option varying etc. option European received relates etc. per unit(ii) ExerciseClass of relevant Product Exercising/ Number of Exercise price security description exercised against securities per unit e.g. call option(d) Other dealings (including subscribing for new securities)Class of relevant Nature of dealing Details Price per unit (if security e.g. subscription, conversion applicable)4. OTHER INFORMATION(a) Indemnity and other dealing arrangementsDetails 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:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"None(b) Agreements, arrangements or understandings relating to options or derivativesDetails 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state "none"None(c) AttachmentsIs a Supplemental Form 8 (Open Positions) attached? NoDate of disclosure: 22 March 2016Contact name: Alan ChanTelephone number: +1 212-649-9500Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service andmust also be emailed to the Takeover Panel at [email protected]. The Panel's MarketSurveillance Unit is available for consultation in relation to the Code's disclosure requirementson +44 (0)20 7638 0129.The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.