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:

25 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:

2,027,125

1.18%

1,228,232

0.71%

(2)

Cash-settled derivatives:

1,100,913

0.64%

1,814,486

1.05%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,128,038

1.82%

3,042,718

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

301,822

12.7600 GBP

1p ordinary

Purchase

163,184

12.7615 GBP

1p ordinary

Purchase

66,682

12.7886 GBP

1p ordinary

Purchase

55,600

12.7864 GBP

1p ordinary

Purchase

10,549

12.7933 GBP

1p ordinary

Purchase

8,713

12.7899 GBP

1p ordinary

Purchase

7,405

12.7800 GBP

1p ordinary

Purchase

6,836

12.7916 GBP

1p ordinary

Purchase

2,870

12.7884 GBP

1p ordinary

Purchase

2,316

12.7700 GBP

1p ordinary

Purchase

2,055

12.8000 GBP

1p ordinary

Purchase

1,658

12.7861 GBP

1p ordinary

Purchase

1,504

12.7740 GBP

1p ordinary

Purchase

1,185

12.7630 GBP

1p ordinary

Purchase

1,125

12.7844 GBP

1p ordinary

Purchase

982

12.7807 GBP

1p ordinary

Purchase

757

12.7872 GBP

1p ordinary

Purchase

526

12.7799 GBP

1p ordinary

Purchase

399

12.7819 GBP

1p ordinary

Purchase

79

12.7900 GBP

1p ordinary

Purchase

30

12.7746 GBP

1p ordinary

Purchase

1

12.7996 GBP

1p ordinary

Sale

443,484

12.7800 GBP

1p ordinary

Sale

100,525

12.7600 GBP

1p ordinary

Sale

20,497

12.7651 GBP

1p ordinary

Sale

6,309

12.7825 GBP

1p ordinary

Sale

4,722

12.7767 GBP

1p ordinary

Sale

2,382

12.7901 GBP

1p ordinary

Sale

1,707

12.7631 GBP

1p ordinary

Sale

728

12.8000 GBP

1p ordinary

Sale

618

12.7686 GBP

1p ordinary

Sale

331

12.7760 GBP

1p ordinary

Sale

287

12.7802 GBP

1p ordinary

Sale

194

12.7700 GBP

1p ordinary

Sale

94

12.7900 GBP

1p ordinary

Sale

32

12.7715 GBP

1p ordinary

Sale

12

12.7837 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

1,434

12.7589 GBP

1p ordinary

SWAP

Decreasing Short

20,497

12.7651 GBP

1p ordinary

SWAP

Decreasing Short

618

12.7686 GBP

1p ordinary

SWAP

Decreasing Short

331

12.7760 GBP

1p ordinary

SWAP

Decreasing Short

30

12.7773 GBP

1p ordinary

SWAP

Decreasing Short

53

12.7796 GBP

1p ordinary

SWAP

Decreasing Short

443,004

12.7800 GBP

1p ordinary

SWAP

Decreasing Short

80

12.7815 GBP

1p ordinary

SWAP

Decreasing Short

490

12.8000 GBP

1p ordinary

SWAP

Increasing Short

305,730

12.7600 GBP

1p ordinary

SWAP

Increasing Short

50,824

12.7603 GBP

1p ordinary

SWAP

Increasing Short

65

12.7699 GBP

1p ordinary

SWAP

Increasing Short

42

12.7723 GBP

1p ordinary

SWAP

Increasing Short

29

12.7758 GBP

1p ordinary

SWAP

Increasing Short

59

12.7769 GBP

1p ordinary

SWAP

Increasing Short

777

12.7778 GBP

1p ordinary

SWAP

Increasing Short

1,213

12.7779 GBP

1p ordinary

SWAP

Increasing Short

19

12.7800 GBP

1p ordinary

SWAP

Increasing Short

411

12.7802 GBP

1p ordinary

SWAP

Increasing Short

1,125

12.7844 GBP

1p ordinary

SWAP

Increasing Short

1,658

12.7861 GBP

1p ordinary

SWAP

Increasing Short

55,600

12.7864 GBP

1p ordinary

SWAP

Increasing Short

66,682

12.7886 GBP

1p ordinary

SWAP

Increasing Short

12,908

12.7889 GBP

1p ordinary

SWAP

Increasing Short

14,862

12.7910 GBP

1p ordinary

SWAP

Increasing Short

1,168

12.8000 GBP

1p ordinary

CFD

Decreasing Short

166

12.7792 GBP

1p ordinary

CFD

Increasing Short

30

12.7747 GBP

1p ordinary

CFD

Increasing Short

987

12.7807 GBP

1p ordinary

CFD

Increasing Short

1,290

12.7951 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:

26 Nov 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213