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:

13 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:

1,774,005

1.03%

1,472,875

0.86%

(2)

Cash-settled derivatives:

1,255,302

0.73%

1,569,545

0.91%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,029,307

1.76%

3,042,420

1.77%

(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

228,869

12.9800 GBP

1p ordinary

Purchase

153,371

12.9900 GBP

1p ordinary

Purchase

61,170

12.9400 GBP

1p ordinary

Purchase

55,659

12.9517 GBP

1p ordinary

Purchase

24,848

12.9661 GBP

1p ordinary

Purchase

20,455

12.9763 GBP

1p ordinary

Purchase

18,848

12.9796 GBP

1p ordinary

Purchase

10,670

12.9803 GBP

1p ordinary

Purchase

9,153

12.9770 GBP

1p ordinary

Purchase

8,153

12.9600 GBP

1p ordinary

Purchase

6,390

12.9635 GBP

1p ordinary

Purchase

6,077

12.9619 GBP

1p ordinary

Purchase

5,819

12.9409 GBP

1p ordinary

Purchase

5,753

12.9648 GBP

1p ordinary

Purchase

5,299

12.9705 GBP

1p ordinary

Purchase

4,900

12.9641 GBP

1p ordinary

Purchase

4,771

12.9578 GBP

1p ordinary

Purchase

4,707

12.9639 GBP

1p ordinary

Purchase

3,944

12.9749 GBP

1p ordinary

Purchase

3,914

12.9876 GBP

1p ordinary

Purchase

3,484

12.9634 GBP

1p ordinary

Purchase

2,973

12.9530 GBP

1p ordinary

Purchase

1,586

12.9778 GBP

1p ordinary

Purchase

1,223

13.0000 GBP

1p ordinary

Purchase

888

12.9811 GBP

1p ordinary

Purchase

884

12.9772 GBP

1p ordinary

Purchase

849

12.9757 GBP

1p ordinary

Purchase

766

12.9700 GBP

1p ordinary

Purchase

728

12.9695 GBP

1p ordinary

Purchase

642

12.9500 GBP

1p ordinary

Purchase

607

12.9532 GBP

1p ordinary

Purchase

500

12.9674 GBP

1p ordinary

Purchase

473

12.9669 GBP

1p ordinary

Purchase

281

12.9596 GBP

1p ordinary

Purchase

69

12.9394 GBP

1p ordinary

Sale

200,000

12.9892 GBP

1p ordinary

Sale

58,482

12.9400 GBP

1p ordinary

Sale

40,777

12.9404 GBP

1p ordinary

Sale

34,151

12.9514 GBP

1p ordinary

Sale

11,750

12.9709 GBP

1p ordinary

Sale

3,413

12.9600 GBP

1p ordinary

Sale

3,216

12.9800 GBP

1p ordinary

Sale

1,486

12.9844 GBP

1p ordinary

Sale

1,413

13.0000 GBP

1p ordinary

Sale

1,127

12.9593 GBP

1p ordinary

Sale

675

12.9997 GBP

1p ordinary

Sale

562

12.9776 GBP

1p ordinary

Sale

197

12.9529 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

3,000

12.9387 GBP

1p ordinary

SWAP

Decreasing Short

36,480

12.9393 GBP

1p ordinary

SWAP

Decreasing Short

39,934

12.9400 GBP

1p ordinary

SWAP

Decreasing Short

197

12.9529 GBP

1p ordinary

SWAP

Decreasing Short

859

12.9589 GBP

1p ordinary

SWAP

Decreasing Short

1,127

12.9593 GBP

1p ordinary

SWAP

Opening Long

11,750

12.9709 GBP

1p ordinary

SWAP

Increasing Long

20

12.9730 GBP

1p ordinary

SWAP

Increasing Long

48

12.9737 GBP

1p ordinary

SWAP

Opening Short

34,854

12.9400 GBP

1p ordinary

SWAP

Increasing Short

607

12.9532 GBP

1p ordinary

SWAP

Increasing Short

1,101

12.9575 GBP

1p ordinary

SWAP

Increasing Short

705

12.9577 GBP

1p ordinary

SWAP

Increasing Short

4,771

12.9578 GBP

1p ordinary

SWAP

Increasing Short

474

12.9583 GBP

1p ordinary

SWAP

Increasing Short

4,651

12.9600 GBP

1p ordinary

SWAP

Increasing Short

2,961

12.9606 GBP

1p ordinary

SWAP

Increasing Short

128

12.9610 GBP

1p ordinary

SWAP

Increasing Short

185

12.9619 GBP

1p ordinary

SWAP

Increasing Short

3,895

12.9620 GBP

1p ordinary

SWAP

Increasing Short

2,466

12.9634 GBP

1p ordinary

SWAP

Increasing Short

28,239

12.9645 GBP

1p ordinary

SWAP

Increasing Short

3,451

12.9649 GBP

1p ordinary

SWAP

Increasing Short

14,079

12.9661 GBP

1p ordinary

SWAP

Increasing Short

1,118

12.9662 GBP

1p ordinary

SWAP

Increasing Short

473

12.9669 GBP

1p ordinary

SWAP

Increasing Short

766

12.9700 GBP

1p ordinary

SWAP

Increasing Short

5,299

12.9705 GBP

1p ordinary

SWAP

Increasing Short

18,848

12.9796 GBP

1p ordinary

SWAP

Increasing Short

215,572

12.9800 GBP

1p ordinary

SWAP

Increasing Short

3,914

12.9876 GBP

1p ordinary

SWAP

Increasing Short

236

13.0000 GBP

1p ordinary

CFD

Decreasing Long

29,184

12.9400 GBP

1p ordinary

CFD

Decreasing Long

500

12.9674 GBP

1p ordinary

CFD

Decreasing Long

19,708

12.9803 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:

17 Nov 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213