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:

27 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:

2,657,906

0.43%

8,389,159

1.37%

(2)

Cash-settled derivatives:

8,070,784

1.31%

2,084,413

0.34%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

10,728,690

1.75%

10,473,572

1.71%

(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

569

2.3057 GBP

5p ordinary

Purchase

603

2.3060 GBP

5p ordinary

Purchase

1,098

2.3940 GBP

5p ordinary

Purchase

1,259

2.3402 GBP

5p ordinary

Purchase

1,307

2.3435 GBP

5p ordinary

Purchase

1,807

2.3275 GBP

5p ordinary

Purchase

2,173

2.3319 GBP

5p ordinary

Purchase

2,665

2.4116 GBP

5p ordinary

Purchase

2,850

2.3920 GBP

5p ordinary

Purchase

3,453

2.3833 GBP

5p ordinary

Purchase

4,083

2.3978 GBP

5p ordinary

Purchase

6,753

2.3287 GBP

5p ordinary

Purchase

14,653

2.4128 GBP

5p ordinary

Purchase

18,031

2.4081 GBP

5p ordinary

Purchase

25,602

2.4180 GBP

5p ordinary

Purchase

500,726

2.3500 GBP

5p ordinary

Sale

84

2.3520 GBP

5p ordinary

Sale

670

2.3940 GBP

5p ordinary

Sale

1,212

2.3967 GBP

5p ordinary

Sale

1,271

2.3391 GBP

5p ordinary

Sale

1,274

2.4115 GBP

5p ordinary

Sale

1,803

2.3949 GBP

5p ordinary

Sale

2,091

2.3914 GBP

5p ordinary

Sale

2,756

2.3999 GBP

5p ordinary

Sale

2,850

2.3920 GBP

5p ordinary

Sale

3,133

2.3933 GBP

5p ordinary

Sale

4,083

2.3963 GBP

5p ordinary

Sale

5,047

2.3802 GBP

5p ordinary

Sale

5,834

2.4007 GBP

5p ordinary

Sale

8,454

2.3899 GBP

5p ordinary

Sale

8,691

2.3916 GBP

5p ordinary

Sale

10,723

2.3853 GBP

5p ordinary

Sale

11,736

2.4017 GBP

5p ordinary

Sale

14,356

2.3937 GBP

5p ordinary

Sale

17,623

2.4120 GBP

5p ordinary

Sale

18,254

2.4180 GBP

5p ordinary

Sale

19,390

2.3989 GBP

5p ordinary

Sale

23,716

2.3991 GBP

5p ordinary

Sale

28,023

2.4000 GBP

5p ordinary

Sale

29,256

2.4218 GBP

5p ordinary

Sale

29,690

2.4183 GBP

5p ordinary

Sale

98,361

2.3980 GBP

5p ordinary

Sale

124,366

2.3996 GBP

5p ordinary

Sale

124,683

2.3859 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

5p ordinary

 CFD

Long

246

2.4219 GBP

5p ordinary

 SWAP

Long

609

2.4077 GBP

5p ordinary

 CFD

Long

1,803

2.3949 GBP

5p ordinary

 CFD

Long

3,041

2.3941 GBP

5p ordinary

 CFD

Long

4,083

2.3963 GBP

5p ordinary

 SWAP

Long

5,941

2.3638 GBP

5p ordinary

 CFD

Long

6,988

2.4157 GBP

5p ordinary

 CFD

Long

8,151

2.3939 GBP

5p ordinary

 SWAP

Long

8,531

2.3509 GBP

5p ordinary

 SWAP

Long

10,114

2.3840 GBP

5p ordinary

 SWAP

Long

11,670

2.4179 GBP

5p ordinary

 CFD

Long

11,736

2.4017 GBP

5p ordinary

 SWAP

Long

18,254

2.4180 GBP

5p ordinary

 CFD

Long

19,390

2.3989 GBP

5p ordinary

 CFD

Long

24,679

2.4000 GBP

5p ordinary

 CFD

Long

29,010

2.4218 GBP

5p ordinary

 CFD

Long

29,690

2.4183 GBP

5p ordinary

 SWAP

Long

32,875

2.4066 GBP

5p ordinary

 SWAP

Long

43,832

2.3781 GBP

5p ordinary

 SWAP

Long

64,464

2.4090 GBP

5p ordinary

 CFD

Long

97,737

2.3980 GBP

5p ordinary

 SWAP

Long

104,482

2.3852 GBP

5p ordinary

 SWAP

Short

604

2.3050 GBP

5p ordinary

 SWAP

Short

1,085

2.3927 GBP

5p ordinary

 SWAP

Short

1,276

2.3104 GBP

5p ordinary

 SWAP

Short

2,106

2.4003 GBP

5p ordinary

 SWAP

Short

3,299

2.3856 GBP

5p ordinary

 SWAP

Short

4,083

2.3978 GBP

5p ordinary

 CFD

Short

20,250

2.4093 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:

28 Apr 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213