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:

24 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:

2,004,306

1.17%

1,259,769

0.73%

(2)

Cash-settled derivatives:

1,127,249

0.66%

1,792,046

1.04%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,131,555

1.82%

3,051,815

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

266,612

12.7519 GBP

1p ordinary

Purchase

200,000

12.7488 GBP

1p ordinary

Purchase

200,000

12.7463 GBP

1p ordinary

Purchase

112,016

12.7778 GBP

1p ordinary

Purchase

75,681

12.7864 GBP

1p ordinary

Purchase

63,000

12.7962 GBP

1p ordinary

Purchase

46,861

12.8000 GBP

1p ordinary

Purchase

36,712

12.7687 GBP

1p ordinary

Purchase

30,000

12.7766 GBP

1p ordinary

Purchase

23,770

12.7438 GBP

1p ordinary

Purchase

19,748

12.7722 GBP

1p ordinary

Purchase

15,530

12.7600 GBP

1p ordinary

Purchase

13,351

12.7472 GBP

1p ordinary

Purchase

7,855

12.7419 GBP

1p ordinary

Purchase

6,745

12.7700 GBP

1p ordinary

Purchase

3,561

12.7987 GBP

1p ordinary

Purchase

3,502

12.7818 GBP

1p ordinary

Purchase

3,424

12.7512 GBP

1p ordinary

Purchase

2,552

12.7800 GBP

1p ordinary

Purchase

1,697

12.7721 GBP

1p ordinary

Purchase

1,653

12.7836 GBP

1p ordinary

Purchase

1,547

12.7814 GBP

1p ordinary

Purchase

907

12.7786 GBP

1p ordinary

Purchase

688

12.7758 GBP

1p ordinary

Purchase

613

12.7359 GBP

1p ordinary

Purchase

563

12.7752 GBP

1p ordinary

Purchase

467

12.7400 GBP

1p ordinary

Purchase

2

12.7500 GBP

1p ordinary

Purchase

2

12.7596 GBP

1p ordinary

Purchase

1

12.8200 GBP

1p ordinary

Sale

372,335

12.7600 GBP

1p ordinary

Sale

45,268

12.7598 GBP

1p ordinary

Sale

31,597

12.7855 GBP

1p ordinary

Sale

27,170

12.8000 GBP

1p ordinary

Sale

21,495

12.7933 GBP

1p ordinary

Sale

16,498

12.7581 GBP

1p ordinary

Sale

11,750

12.7387 GBP

1p ordinary

Sale

10,485

12.7775 GBP

1p ordinary

Sale

9,697

12.7782 GBP

1p ordinary

Sale

8,960

12.7800 GBP

1p ordinary

Sale

4,870

12.7474 GBP

1p ordinary

Sale

1,650

12.7904 GBP

1p ordinary

Sale

1,400

12.7571 GBP

1p ordinary

Sale

543

12.7700 GBP

1p ordinary

Sale

467

12.7400 GBP

1p ordinary

Sale

24

12.7895 GBP

1p ordinary

Sale

1

12.7403 GBP

1p ordinary

Sale

1

12.8200 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

6,900

12.7903 GBP

1p ordinary

SWAP

Decreasing Short

11,750

12.7387 GBP

1p ordinary

SWAP

Opening Long

1,252

12.7389 GBP

1p ordinary

SWAP

Increasing Long

4,870

12.7474 GBP

1p ordinary

SWAP

Increasing Long

45,268

12.7598 GBP

1p ordinary

SWAP

Increasing Long

371,505

12.7600 GBP

1p ordinary

SWAP

Increasing Long

542

12.7800 GBP

1p ordinary

SWAP

Increasing Long

1,650

12.7904 GBP

1p ordinary

SWAP

Increasing Long

1,224

12.7945 GBP

1p ordinary

SWAP

Increasing Long

1,429

12.7948 GBP

1p ordinary

SWAP

Increasing Long

6,160

12.7981 GBP

1p ordinary

SWAP

Increasing Long

2,565

12.7999 GBP

1p ordinary

SWAP

Increasing Long

11,282

12.8000 GBP

1p ordinary

SWAP

Decreasing Long

23,770

12.7438 GBP

1p ordinary

SWAP

Decreasing Long

200,000

12.7463 GBP

1p ordinary

SWAP

Decreasing Long

200,000

12.7488 GBP

1p ordinary

SWAP

Opening Short

266,612

12.7519 GBP

1p ordinary

SWAP

Increasing Short

75

12.7624 GBP

1p ordinary

SWAP

Increasing Short

75

12.7682 GBP

1p ordinary

SWAP

Increasing Short

2,702

12.7686 GBP

1p ordinary

SWAP

Increasing Short

518

12.7691 GBP

1p ordinary

SWAP

Increasing Short

1,697

12.7721 GBP

1p ordinary

SWAP

Increasing Short

112,016

12.7778 GBP

1p ordinary

SWAP

Increasing Short

907

12.7786 GBP

1p ordinary

SWAP

Increasing Short

16,362

12.7808 GBP

1p ordinary

SWAP

Increasing Short

172

12.7810 GBP

1p ordinary

SWAP

Increasing Short

1,547

12.7814 GBP

1p ordinary

SWAP

Increasing Short

15,138

12.7916 GBP

1p ordinary

SWAP

Increasing Short

63,000

12.7962 GBP

1p ordinary

SWAP

Increasing Short

10,522

12.7999 GBP

1p ordinary

SWAP

Increasing Short

23,285

12.8000 GBP

1p ordinary

CFD

Decreasing Short

580

12.7666 GBP

1p ordinary

CFD

Decreasing Short

774

12.7773 GBP

1p ordinary

CFD

Increasing Short

63,591

12.7521 GBP

1p ordinary

CFD

Increasing Short

651

12.7807 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:

25 Nov 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213