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:

14 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:

1,874,193

1.09%

1,325,796

0.77%

(2)

Cash-settled derivatives:

1,110,671

0.65%

1,669,733

0.97%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,984,864

1.74%

2,995,529

1.74%

(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

110,412

13.0000 GBP

1p ordinary

Purchase

71,103

12.9857 GBP

1p ordinary

Purchase

70,639

12.9200 GBP

1p ordinary

Purchase

45,749

12.9702 GBP

1p ordinary

Purchase

34,526

12.9518 GBP

1p ordinary

Purchase

23,089

12.9338 GBP

1p ordinary

Purchase

15,979

12.9459 GBP

1p ordinary

Purchase

8,795

12.9499 GBP

1p ordinary

Purchase

8,611

12.9860 GBP

1p ordinary

Purchase

8,161

12.9770 GBP

1p ordinary

Purchase

6,998

12.9710 GBP

1p ordinary

Purchase

5,823

12.9618 GBP

1p ordinary

Purchase

4,485

12.9570 GBP

1p ordinary

Purchase

2,879

12.9532 GBP

1p ordinary

Purchase

2,842

12.9879 GBP

1p ordinary

Purchase

2,826

12.9334 GBP

1p ordinary

Purchase

2,362

12.9000 GBP

1p ordinary

Purchase

2,361

12.9310 GBP

1p ordinary

Purchase

2,151

12.9600 GBP

1p ordinary

Purchase

1,829

12.9777 GBP

1p ordinary

Purchase

1,090

12.9400 GBP

1p ordinary

Purchase

1,082

12.9190 GBP

1p ordinary

Purchase

1,047

12.9603 GBP

1p ordinary

Purchase

984

12.9500 GBP

1p ordinary

Purchase

773

12.9800 GBP

1p ordinary

Purchase

676

12.9644 GBP

1p ordinary

Purchase

561

12.9819 GBP

1p ordinary

Purchase

549

12.9622 GBP

1p ordinary

Purchase

419

12.9900 GBP

1p ordinary

Purchase

295

12.9300 GBP

1p ordinary

Sale

47,330

12.9968 GBP

1p ordinary

Sale

43,048

12.9931 GBP

1p ordinary

Sale

23,310

13.0000 GBP

1p ordinary

Sale

19,129

12.9397 GBP

1p ordinary

Sale

11,959

12.9059 GBP

1p ordinary

Sale

10,192

12.9000 GBP

1p ordinary

Sale

8,977

12.9687 GBP

1p ordinary

Sale

6,715

12.9900 GBP

1p ordinary

Sale

4,988

12.9100 GBP

1p ordinary

Sale

2,588

12.9905 GBP

1p ordinary

Sale

2,490

12.9454 GBP

1p ordinary

Sale

1,784

12.9391 GBP

1p ordinary

Sale

1,761

12.9200 GBP

1p ordinary

Sale

1,653

12.9853 GBP

1p ordinary

Sale

1,342

12.9221 GBP

1p ordinary

Sale

1,234

12.9613 GBP

1p ordinary

Sale

1,090

12.9400 GBP

1p ordinary

Sale

773

12.9800 GBP

1p ordinary

Sale

622

12.9184 GBP

1p ordinary

Sale

549

12.9600 GBP

1p ordinary

Sale

295

12.9300 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

975

12.8989 GBP

1p ordinary

SWAP

Decreasing Short

11,959

12.9059 GBP

1p ordinary

SWAP

Decreasing Short

7,000

12.9118 GBP

1p ordinary

SWAP

Decreasing Short

1,342

12.9221 GBP

1p ordinary

SWAP

Decreasing Short

19,129

12.9397 GBP

1p ordinary

SWAP

Decreasing Short

8,107

12.9454 GBP

1p ordinary

SWAP

Decreasing Short

353

12.9487 GBP

1p ordinary

SWAP

Decreasing Short

144

12.9525 GBP

1p ordinary

SWAP

Decreasing Short

1,234

12.9612 GBP

1p ordinary

SWAP

Decreasing Short

42

12.9800 GBP

1p ordinary

SWAP

Decreasing Short

5,077

12.9854 GBP

1p ordinary

SWAP

Decreasing Short

3,779

12.9870 GBP

1p ordinary

SWAP

Decreasing Short

6,681

12.9900 GBP

1p ordinary

SWAP

Decreasing Short

7,470

12.9987 GBP

1p ordinary

SWAP

Decreasing Short

4,386

12.9993 GBP

1p ordinary

SWAP

Decreasing Short

35,296

13.0000 GBP

1p ordinary

SWAP

Increasing Short

69,973

12.9200 GBP

1p ordinary

SWAP

Increasing Short

295

12.9240 GBP

1p ordinary

SWAP

Increasing Short

2,361

12.9310 GBP

1p ordinary

SWAP

Increasing Short

977

12.9345 GBP

1p ordinary

SWAP

Increasing Short

2,246

12.9371 GBP

1p ordinary

SWAP

Increasing Short

164

12.9378 GBP

1p ordinary

SWAP

Increasing Short

12,261

12.9492 GBP

1p ordinary

SWAP

Increasing Short

169

12.9500 GBP

1p ordinary

SWAP

Increasing Short

1,940

12.9513 GBP

1p ordinary

SWAP

Increasing Short

1,857

12.9564 GBP

1p ordinary

SWAP

Increasing Short

1,602

12.9600 GBP

1p ordinary

SWAP

Increasing Short

87,730

12.9658 GBP

1p ordinary

SWAP

Increasing Short

45,749

12.9702 GBP

1p ordinary

SWAP

Increasing Short

55,028

12.9704 GBP

1p ordinary

SWAP

Increasing Short

6,998

12.9710 GBP

1p ordinary

SWAP

Increasing Short

1,829

12.9777 GBP

1p ordinary

SWAP

Increasing Short

561

12.9819 GBP

1p ordinary

SWAP

Increasing Short

2,842

12.9879 GBP

1p ordinary

SWAP

Increasing Short

419

12.9900 GBP

1p ordinary

SWAP

Increasing Short

9,706

13.0000 GBP

1p ordinary

CFD

Decreasing Long

549

12.9622 GBP

1p ordinary

CFD

Decreasing Long

13

12.9807 GBP

1p ordinary

CFD

Decreasing Long

52,524

13.0000 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