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:

26 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:

2,032,706

1.18%

1,468,830

0.85%

(2)

Cash-settled derivatives:

1,343,748

0.78%

1,819,410

1.06%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,376,454

1.96%

3,288,240

1.91%

(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

57,100

12.7776 GBP

1p ordinary

Purchase

39,255

12.7748 GBP

1p ordinary

Purchase

38,307

12.7600 GBP

1p ordinary

Purchase

16,595

12.7619 GBP

1p ordinary

Purchase

11,341

12.7749 GBP

1p ordinary

Purchase

7,000

12.7700 GBP

1p ordinary

Purchase

6,316

12.7685 GBP

1p ordinary

Purchase

1,652

12.7800 GBP

1p ordinary

Purchase

1,407

12.7757 GBP

1p ordinary

Sale

389,659

12.7600 GBP

1p ordinary

Sale

20,381

12.7566 GBP

1p ordinary

Sale

1,387

12.7669 GBP

1p ordinary

Sale

1,142

12.7671 GBP

1p ordinary

Sale

858

12.7800 GBP

1p ordinary

Sale

389

12.7500 GBP

1p ordinary

Sale

173

12.7700 GBP

1p ordinary

Sale

1

12.7812 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

389

12.7500 GBP

1p ordinary

SWAP

Decreasing Short

20,381

12.7566 GBP

1p ordinary

SWAP

Decreasing Short

1,600

12.7589 GBP

1p ordinary

SWAP

Decreasing Short

372,452

12.7600 GBP

1p ordinary

SWAP

Decreasing Short

1,142

12.7671 GBP

1p ordinary

SWAP

Decreasing Short

95

12.7673 GBP

1p ordinary

SWAP

Decreasing Short

20

12.7740 GBP

1p ordinary

SWAP

Decreasing Short

17

12.7752 GBP

1p ordinary

SWAP

Increasing Short

30,332

12.7600 GBP

1p ordinary

SWAP

Increasing Short

30

12.7610 GBP

1p ordinary

SWAP

Increasing Short

1,409

12.7651 GBP

1p ordinary

SWAP

Increasing Short

185

12.7664 GBP

1p ordinary

SWAP

Increasing Short

5,189

12.7700 GBP

1p ordinary

SWAP

Increasing Short

4,897

12.7706 GBP

1p ordinary

SWAP

Increasing Short

96

12.7720 GBP

1p ordinary

SWAP

Increasing Short

14,571

12.7730 GBP

1p ordinary

SWAP

Increasing Short

39,255

12.7748 GBP

1p ordinary

SWAP

Increasing Short

1,407

12.7757 GBP

1p ordinary

SWAP

Increasing Short

57,100

12.7776 GBP

1p ordinary

SWAP

Increasing Short

1,593

12.7800 GBP

1p ordinary

CFD

Decreasing Short

1,944

12.7592 GBP

1p ordinary

CFD

Increasing Short

4,065

12.7610 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:

27 Nov 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213