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:

20 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:

1,945,731

1.13%

1,510,912

0.88%

(2)

Cash-settled derivatives:

1,335,059

0.78%

1,737,167

1.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,280,790

1.91%

3,248,079

1.89%

(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

52,409

12.8943 GBP

1p ordinary

Purchase

46,299

12.9000 GBP

1p ordinary

Purchase

33,480

12.8869 GBP

1p ordinary

Purchase

27,593

12.8897 GBP

1p ordinary

Purchase

14,673

12.8929 GBP

1p ordinary

Purchase

4,816

12.9100 GBP

1p ordinary

Purchase

3,466

12.8900 GBP

1p ordinary

Purchase

3,414

12.8886 GBP

1p ordinary

Purchase

3,368

12.8864 GBP

1p ordinary

Purchase

3,087

12.9034 GBP

1p ordinary

Purchase

2,961

12.8896 GBP

1p ordinary

Purchase

2,255

12.8872 GBP

1p ordinary

Purchase

2,051

12.8914 GBP

1p ordinary

Purchase

1,564

12.8913 GBP

1p ordinary

Purchase

1,516

12.9023 GBP

1p ordinary

Purchase

1,427

12.8800 GBP

1p ordinary

Purchase

1,155

12.8966 GBP

1p ordinary

Purchase

1,135

12.8961 GBP

1p ordinary

Purchase

1,043

12.9048 GBP

1p ordinary

Purchase

801

12.9009 GBP

1p ordinary

Purchase

786

12.8867 GBP

1p ordinary

Purchase

748

12.9200 GBP

1p ordinary

Purchase

734

12.9058 GBP

1p ordinary

Purchase

466

12.8816 GBP

1p ordinary

Purchase

461

12.8798 GBP

1p ordinary

Sale

284,244

12.9000 GBP

1p ordinary

Sale

113,711

12.8800 GBP

1p ordinary

Sale

14,363

12.8900 GBP

1p ordinary

Sale

8,451

12.9018 GBP

1p ordinary

Sale

6,093

12.9001 GBP

1p ordinary

Sale

4,018

12.9055 GBP

1p ordinary

Sale

3,204

12.8801 GBP

1p ordinary

Sale

2,706

12.9117 GBP

1p ordinary

Sale

1,521

12.8943 GBP

1p ordinary

Sale

1,362

12.9200 GBP

1p ordinary

Sale

1,251

12.9095 GBP

1p ordinary

Sale

964

12.8855 GBP

1p ordinary

Sale

893

12.9486 GBP

1p ordinary

Sale

715

12.8874 GBP

1p ordinary

Sale

695

12.8932 GBP

1p ordinary

Sale

600

12.9100 GBP

1p ordinary

Sale

600

12.9400 GBP

1p ordinary

Sale

428

12.8963 GBP

1p ordinary

Sale

394

12.9124 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

Increasing Short

6,172

12.9004 GBP

1p ordinary

SWAP

Decreasing Short

112,893

12.8800 GBP

1p ordinary

SWAP

Decreasing Short

964

12.8855 GBP

1p ordinary

SWAP

Decreasing Short

695

12.8932 GBP

1p ordinary

SWAP

Decreasing Short

1,177

12.8989 GBP

1p ordinary

SWAP

Decreasing Short

244,185

12.9000 GBP

1p ordinary

SWAP

Decreasing Short

9,894

12.9057 GBP

1p ordinary

SWAP

Decreasing Short

2,706

12.9117 GBP

1p ordinary

SWAP

Decreasing Short

893

12.9486 GBP

1p ordinary

SWAP

Increasing Short

33,480

12.8869 GBP

1p ordinary

SWAP

Increasing Short

27,593

12.8897 GBP

1p ordinary

SWAP

Increasing Short

2,758

12.8903 GBP

1p ordinary

SWAP

Increasing Short

2,598

12.8934 GBP

1p ordinary

SWAP

Increasing Short

1,135

12.8961 GBP

1p ordinary

SWAP

Increasing Short

684

12.8984 GBP

1p ordinary

SWAP

Increasing Short

321

12.8987 GBP

1p ordinary

SWAP

Increasing Short

132

12.8995 GBP

1p ordinary

SWAP

Increasing Short

6,128

12.9000 GBP

1p ordinary

SWAP

Increasing Short

125

12.9010 GBP

1p ordinary

SWAP

Increasing Short

1,516

12.9023 GBP

1p ordinary

SWAP

Increasing Short

84

12.9035 GBP

1p ordinary

SWAP

Increasing Short

117

12.9049 GBP

1p ordinary

SWAP

Increasing Short

10,259

12.9073 GBP

1p ordinary

CFD

Increasing Long

1,278

12.9192 GBP

1p ordinary

CFD

Decreasing Long

17,485

12.8896 GBP

1p ordinary

CFD

Decreasing Long

27,620

12.8919 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:

21 Nov 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213