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:

27 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:

2,060,220

1.20%

1,543,007

0.90%

(2)

Cash-settled derivatives:

1,430,968

0.83%

1,847,960

1.07%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,491,188

2.03%

3,390,967

1.97%

(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

62,105

12.7973 GBP

1p ordinary

Purchase

35,324

12.8000 GBP

1p ordinary

Purchase

25,600

12.7918 GBP

1p ordinary

Purchase

16,305

12.7958 GBP

1p ordinary

Purchase

13,490

12.7967 GBP

1p ordinary

Purchase

11,500

12.7991 GBP

1p ordinary

Purchase

8,727

12.7898 GBP

1p ordinary

Purchase

2,592

12.7800 GBP

1p ordinary

Purchase

881

12.7908 GBP

1p ordinary

Purchase

778

12.7848 GBP

1p ordinary

Purchase

575

12.8200 GBP

1p ordinary

Purchase

318

12.7676 GBP

1p ordinary

Purchase

89

12.7600 GBP

1p ordinary

Purchase

31

12.7993 GBP

1p ordinary

Purchase

26

12.7992 GBP

1p ordinary

Sale

149,583

12.7800 GBP

1p ordinary

Sale

19,749

12.7951 GBP

1p ordinary

Sale

17,439

12.8000 GBP

1p ordinary

Sale

12,893

12.7984 GBP

1p ordinary

Sale

11,750

12.7974 GBP

1p ordinary

Sale

5,151

12.7997 GBP

1p ordinary

Sale

4,535

12.7942 GBP

1p ordinary

Sale

3,221

12.7574 GBP

1p ordinary

Sale

345

12.8059 GBP

1p ordinary

Sale

166

12.7803 GBP

1p ordinary

Sale

89

12.7600 GBP

1p ordinary

Sale

80

12.8200 GBP

1p ordinary

Sale

3

12.7900 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

3,221

12.7574 GBP

1p ordinary

SWAP

Decreasing Short

1,720

12.7789 GBP

1p ordinary

SWAP

Decreasing Short

141,979

12.7800 GBP

1p ordinary

SWAP

Decreasing Short

871

12.7855 GBP

1p ordinary

SWAP

Decreasing Short

257

12.7902 GBP

1p ordinary

SWAP

Decreasing Short

184

12.7904 GBP

1p ordinary

SWAP

Decreasing Short

11,750

12.7974 GBP

1p ordinary

SWAP

Decreasing Short

173

12.7993 GBP

1p ordinary

SWAP

Decreasing Short

1,014

12.8000 GBP

1p ordinary

SWAP

Decreasing Short

345

12.8059 GBP

1p ordinary

SWAP

Increasing Short

451

12.7800 GBP

1p ordinary

SWAP

Increasing Short

1,055

12.7822 GBP

1p ordinary

SWAP

Increasing Short

80

12.7832 GBP

1p ordinary

SWAP

Increasing Short

153

12.7833 GBP

1p ordinary

SWAP

Increasing Short

234

12.7834 GBP

1p ordinary

SWAP

Increasing Short

38

12.7842 GBP

1p ordinary

SWAP

Increasing Short

778

12.7848 GBP

1p ordinary

SWAP

Increasing Short

41

12.7878 GBP

1p ordinary

SWAP

Increasing Short

881

12.7908 GBP

1p ordinary

SWAP

Increasing Short

4,574

12.7941 GBP

1p ordinary

SWAP

Increasing Short

16,305

12.7958 GBP

1p ordinary

SWAP

Increasing Short

13,490

12.7967 GBP

1p ordinary

SWAP

Increasing Short

22,228

12.8000 GBP

1p ordinary

CFD

Decreasing Short

877

12.7835 GBP

1p ordinary

CFD

Increasing Short

535

12.7607 GBP

1p ordinary

CFD

Increasing Short

318

12.7676 GBP

1p ordinary

CFD

Increasing Short

6,641

12.7930 GBP

1p ordinary

CFD

Increasing Short

32,299

12.7989 GBP

1p ordinary

CFD

Increasing Short

3,620

12.8010 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:

28 Nov 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213