Form 8.3 JTC PLC

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

JTC 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:

19 Nov 2025

(f)

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

NO

disclosures in respect of any other party to the offer?

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:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

1,902,937

1.11%

1,233,613

0.72%

(2)

Cash-settled derivatives:

1,055,614

0.61%

1,694,200

0.98%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,958,551

1.72%

2,927,813

1.70%

(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

1p ordinary

Purchase

30,088

12.8874 GBP

1p ordinary

Purchase

23,132

12.8600 GBP

1p ordinary

Purchase

6,885

12.8828 GBP

1p ordinary

Purchase

6,815

12.8613 GBP

1p ordinary

Purchase

5,090

12.8800 GBP

1p ordinary

Purchase

2,433

12.8748 GBP

1p ordinary

Purchase

2,065

12.8841 GBP

1p ordinary

Purchase

1,052

12.9000 GBP

1p ordinary

Purchase

992

12.9200 GBP

1p ordinary

Purchase

848

12.8997 GBP

1p ordinary

Purchase

700

12.8978 GBP

1p ordinary

Purchase

639

12.8933 GBP

1p ordinary

Purchase

47

12.9500 GBP

1p ordinary

Purchase

26

12.9400 GBP

1p ordinary

Purchase

13

12.8846 GBP

1p ordinary

Purchase

3

12.8400 GBP

1p ordinary

Sale

62,832

12.8717 GBP

1p ordinary

Sale

27,929

12.8667 GBP

1p ordinary

Sale

2,475

12.8864 GBP

1p ordinary

Sale

1,865

12.8800 GBP

1p ordinary

Sale

1,696

12.8625 GBP

1p ordinary

Sale

1,359

12.8600 GBP

1p ordinary

Sale

1,252

12.8877 GBP

1p ordinary

Sale

1,075

12.8713 GBP

1p ordinary

Sale

992

12.9200 GBP

1p ordinary

Sale

861

12.9000 GBP

1p ordinary

Sale

688

12.8731 GBP

1p ordinary

Sale

326

12.8803 GBP

1p ordinary

Sale

284

12.8883 GBP

1p ordinary

Sale

216

12.8400 GBP

1p ordinary

Sale

30

12.8852 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

SWAP

Decreasing Short

201

12.8600 GBP

1p ordinary

SWAP

Decreasing Short

1,075

12.8713 GBP

1p ordinary

SWAP

Decreasing Short

1,204

12.8789 GBP

1p ordinary

SWAP

Decreasing Short

2,475

12.8864 GBP

1p ordinary

SWAP

Decreasing Short

1,252

12.8877 GBP

1p ordinary

SWAP

Decreasing Short

284

12.8883 GBP

1p ordinary

SWAP

Increasing Short

3,830

12.8600 GBP

1p ordinary

SWAP

Increasing Short

49

12.8640 GBP

1p ordinary

SWAP

Increasing Short

375

12.8727 GBP

1p ordinary

SWAP

Increasing Short

181

12.8729 GBP

1p ordinary

SWAP

Increasing Short

545

12.8789 GBP

1p ordinary

SWAP

Increasing Short

852

12.8790 GBP

1p ordinary

SWAP

Increasing Short

270

12.8821 GBP

1p ordinary

SWAP

Increasing Short

57

12.8824 GBP

1p ordinary

SWAP

Increasing Short

201

12.8834 GBP

1p ordinary

SWAP

Increasing Short

368

12.9000 GBP

1p ordinary

CFD

Increasing Long

4,655

12.8655 GBP

1p ordinary

CFD

Increasing Long

62,832

12.8717 GBP

1p ordinary

CFD

Decreasing Long

12,022

12.8829 GBP

1p ordinary

CFD

Decreasing Long

22,409

12.8944 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)

Exercise

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:

20 Nov 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213