Form 8.3 - National Express Group 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

NATIONAL EXPRESS GROUP 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:

13 April 2022

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

disclosures in respect of any other party to the offer?

STAGECOACH GROUP PLC

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:

5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

2,126,328

0.35%

7,688,780

1.25%

(2)

Cash-settled derivatives:

7,418,443

1.21%

2,013,193

0.33%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,544,771

1.55%

9,701,973

1.58%

(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

5p ordinary

Purchase

49

2.3402 GBP

5p ordinary

Purchase

70

2.3300 GBP

5p ordinary

Purchase

489

2.2880 GBP

5p ordinary

Purchase

1,080

2.3160 GBP

5p ordinary

Purchase

1,184

2.3337 GBP

5p ordinary

Purchase

1,491

2.3231 GBP

5p ordinary

Purchase

1,665

2.3367 GBP

5p ordinary

Purchase

1,825

2.2873 GBP

5p ordinary

Purchase

1,894

2.2865 GBP

5p ordinary

Purchase

2,685

2.3197 GBP

5p ordinary

Purchase

3,238

2.3186 GBP

5p ordinary

Purchase

4,170

2.3216 GBP

5p ordinary

Purchase

4,298

2.3223 GBP

5p ordinary

Purchase

4,572

2.3243 GBP

5p ordinary

Purchase

6,329

2.3180 GBP

5p ordinary

Purchase

7,824

2.3233 GBP

5p ordinary

Purchase

8,093

2.3302 GBP

5p ordinary

Purchase

9,038

2.3178 GBP

5p ordinary

Purchase

9,977

2.3347 GBP

5p ordinary

Purchase

17,613

2.3173 GBP

5p ordinary

Purchase

30,585

2.3181 GBP

5p ordinary

Purchase

49,850

2.3281 GBP

5p ordinary

Purchase

73,851

2.3397 GBP

5p ordinary

Purchase

98,323

2.3306 GBP

5p ordinary

Purchase

99,699

2.3417 GBP

5p ordinary

Purchase

100,819

2.3170 GBP

5p ordinary

Purchase

104,631

2.3198 GBP

5p ordinary

Purchase

150,134

2.3420 GBP

5p ordinary

Sale

1

2.3360 GBP

5p ordinary

Sale

2

2.3260 GBP

5p ordinary

Sale

77

2.3179 GBP

5p ordinary

Sale

116

2.3320 GBP

5p ordinary

Sale

170

2.3440 GBP

5p ordinary

Sale

259

2.3380 GBP

5p ordinary

Sale

265

2.3060 GBP

5p ordinary

Sale

900

2.3239 GBP

5p ordinary

Sale

1,342

2.3406 GBP

5p ordinary

Sale

1,394

2.3251 GBP

5p ordinary

Sale

1,570

2.3160 GBP

5p ordinary

Sale

2,200

2.3222 GBP

5p ordinary

Sale

2,374

2.3175 GBP

5p ordinary

Sale

2,476

2.3123 GBP

5p ordinary

Sale

2,841

2.3342 GBP

5p ordinary

Sale

3,694

2.3384 GBP

5p ordinary

Sale

3,780

2.3286 GBP

5p ordinary

Sale

4,019

2.3252 GBP

5p ordinary

Sale

5,985

2.3212 GBP

5p ordinary

Sale

6,480

2.3272 GBP

5p ordinary

Sale

10,200

2.3289 GBP

5p ordinary

Sale

10,310

2.3304 GBP

5p ordinary

Sale

10,321

2.3253 GBP

5p ordinary

Sale

11,957

2.3288 GBP

5p ordinary

Sale

16,643

2.3275 GBP

5p ordinary

Sale

24,208

2.2853 GBP

5p ordinary

Sale

37,763

2.3279 GBP

5p ordinary

Sale

43,510

2.3180 GBP

5p ordinary

Sale

66,824

2.3400 GBP

5p ordinary

Sale

107,203

2.3420 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

5p ordinary

 SWAP

Long

8

2.3177 GBP

5p ordinary

 CFD

Long

22

2.3277 GBP

5p ordinary

 SWAP

Long

77

2.3179 GBP

5p ordinary

 SWAP

Long

187

2.3399 GBP

5p ordinary

 SWAP

Long

214

2.3364 GBP

5p ordinary

 SWAP

Long

824

2.3386 GBP

5p ordinary

 SWAP

Long

900

2.3239 GBP

5p ordinary

 SWAP

Long

2,643

2.3242 GBP

5p ordinary

 SWAP

Long

3,480

2.3385 GBP

5p ordinary

 SWAP

Long

4,401

2.3250 GBP

5p ordinary

 CFD

Long

7,439

2.3435 GBP

5p ordinary

 SWAP

Long

15,422

2.3319 GBP

5p ordinary

 CFD

Long

16,621

2.3275 GBP

5p ordinary

 CFD

Long

34,128

2.3208 GBP

5p ordinary

 SWAP

Short

634

2.3040 GBP

5p ordinary

 SWAP

Short

1,339

2.2984 GBP

5p ordinary

 SWAP

Short

2,975

2.3367 GBP

5p ordinary

 SWAP

Short

5,160

2.3292 GBP

5p ordinary

 SWAP

Short

5,204

2.3331 GBP

5p ordinary

 SWAP

Short

7,824

2.3233 GBP

5p ordinary

 CFD

Short

13,280

2.3421 GBP

5p ordinary

 SWAP

Short

16,979

2.3178 GBP

5p ordinary

 CFD

Short

18,175

2.3222 GBP

5p ordinary

 SWAP

Short

20,974

2.3339 GBP

5p ordinary

 SWAP

Short

21,984

2.3114 GBP

5p ordinary

 CFD

Short

22,215

2.3417 GBP

5p ordinary

 SWAP

Short

25,990

2.3134 GBP

5p ordinary

 SWAP

Short

49,461

2.3351 GBP

5p ordinary

 CFD

Short

49,850

2.3281 GBP

5p ordinary

 CFD

Short

104,631

2.3198 GBP

5p ordinary

 SWAP

Short

135,918

2.3420 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)

Exercising

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 person 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:

14 Apr 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213