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:

17 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:

1,910,365

1.11%

1,150,105

0.67%

(2)

Cash-settled derivatives:

944,314

0.55%

1,701,880

0.99%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,854,679

1.66%

2,851,985

1.66%

(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

187,434

12.9408 GBP

1p ordinary

Purchase

70,876

12.9438 GBP

1p ordinary

Purchase

61,106

12.9400 GBP

1p ordinary

Purchase

16,068

12.9359 GBP

1p ordinary

Purchase

10,429

12.9527 GBP

1p ordinary

Purchase

10,098

13.0000 GBP

1p ordinary

Purchase

9,023

12.9553 GBP

1p ordinary

Purchase

7,886

12.9559 GBP

1p ordinary

Purchase

6,922

12.9363 GBP

1p ordinary

Purchase

6,591

12.9594 GBP

1p ordinary

Purchase

6,414

12.9499 GBP

1p ordinary

Purchase

6,166

12.9542 GBP

1p ordinary

Purchase

5,977

12.9600 GBP

1p ordinary

Purchase

4,385

12.9509 GBP

1p ordinary

Purchase

4,088

12.9552 GBP

1p ordinary

Purchase

3,243

12.9450 GBP

1p ordinary

Purchase

2,296

12.9442 GBP

1p ordinary

Purchase

1,301

12.9475 GBP

1p ordinary

Purchase

1,154

12.9200 GBP

1p ordinary

Purchase

1,044

12.9546 GBP

1p ordinary

Purchase

918

12.9396 GBP

1p ordinary

Purchase

863

12.9800 GBP

1p ordinary

Purchase

655

12.9530 GBP

1p ordinary

Purchase

605

12.9636 GBP

1p ordinary

Purchase

580

12.9293 GBP

1p ordinary

Purchase

520

12.9458 GBP

1p ordinary

Purchase

497

12.9351 GBP

1p ordinary

Purchase

417

12.9500 GBP

1p ordinary

Purchase

93

12.9277 GBP

1p ordinary

Purchase

72

12.9468 GBP

1p ordinary

Sale

102,986

12.9400 GBP

1p ordinary

Sale

41,049

12.9566 GBP

1p ordinary

Sale

31,457

12.9600 GBP

1p ordinary

Sale

17,069

12.9404 GBP

1p ordinary

Sale

12,530

12.9317 GBP

1p ordinary

Sale

4,684

12.9454 GBP

1p ordinary

Sale

1,849

12.9498 GBP

1p ordinary

Sale

1,336

12.9200 GBP

1p ordinary

Sale

1,044

12.9559 GBP

1p ordinary

Sale

863

12.9800 GBP

1p ordinary

Sale

482

12.9610 GBP

1p ordinary

Sale

282

13.0000 GBP

1p ordinary

Sale

227

12.9512 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

1,013

12.9189 GBP

1p ordinary

SWAP

Decreasing Short

708

12.9393 GBP

1p ordinary

SWAP

Decreasing Short

32,367

12.9400 GBP

1p ordinary

SWAP

Decreasing Short

7,573

12.9446 GBP

1p ordinary

SWAP

Decreasing Short

906

12.9587 GBP

1p ordinary

SWAP

Decreasing Short

1,218

12.9593 GBP

1p ordinary

SWAP

Decreasing Short

25,080

12.9600 GBP

1p ordinary

SWAP

Decreasing Short

482

12.9610 GBP

1p ordinary

SWAP

Decreasing Short

8

12.9725 GBP

1p ordinary

SWAP

Increasing Short

35,239

12.9400 GBP

1p ordinary

SWAP

Increasing Short

61,172

12.9429 GBP

1p ordinary

SWAP

Increasing Short

54,300

12.9435 GBP

1p ordinary

SWAP

Increasing Short

4,866

12.9440 GBP

1p ordinary

SWAP

Increasing Short

33,288

12.9470 GBP

1p ordinary

SWAP

Increasing Short

6,414

12.9499 GBP

1p ordinary

SWAP

Increasing Short

190

12.9500 GBP

1p ordinary

SWAP

Increasing Short

557

12.9512 GBP

1p ordinary

SWAP

Increasing Short

210

12.9513 GBP

1p ordinary

SWAP

Increasing Short

1,141

12.9520 GBP

1p ordinary

SWAP

Increasing Short

730

12.9521 GBP

1p ordinary

SWAP

Increasing Short

5,936

12.9534 GBP

1p ordinary

SWAP

Increasing Short

242

12.9552 GBP

1p ordinary

SWAP

Increasing Short

9,023

12.9553 GBP

1p ordinary

SWAP

Increasing Short

7,886

12.9559 GBP

1p ordinary

SWAP

Increasing Short

6,591

12.9594 GBP

1p ordinary

CFD

Increasing Long

184

13.0000 GBP

1p ordinary

CFD

Decreasing Long

93

12.9277 GBP

1p ordinary

CFD

Decreasing Long

39,584

12.9400 GBP

1p ordinary

CFD

Decreasing Long

581

12.9607 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:

18 Nov 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213