Form 8.3 - NEXT FIFTEEN COMMUNICATIONS GROUP

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

NEXT FIFTEEN COMMUNICATIONS GROUP P

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:

17 June 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?

M&C SAATCHI 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:

2.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

448,020

0.46%

344,181

0.35%

(2)

Cash-settled derivatives:

1,415,591

1.44%

106,889

0.11%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,863,611

1.90%

451,070

0.46%

(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

2.5p ordinary

Purchase

69

8.9600 GBP

2.5p ordinary

Purchase

147

8.8700 GBP

2.5p ordinary

Purchase

615

8.9208 GBP

2.5p ordinary

Purchase

850

8.9466 GBP

2.5p ordinary

Purchase

1,599

8.9174 GBP

2.5p ordinary

Purchase

1,850

8.8854 GBP

2.5p ordinary

Purchase

2,817

8.9095 GBP

2.5p ordinary

Purchase

2,955

8.9232 GBP

2.5p ordinary

Purchase

4,535

8.9039 GBP

2.5p ordinary

Purchase

5,058

8.9100 GBP

2.5p ordinary

Purchase

5,158

8.8500 GBP

2.5p ordinary

Purchase

10,932

8.9253 GBP

2.5p ordinary

Sale

43

8.9038 GBP

2.5p ordinary

Sale

249

8.8589 GBP

2.5p ordinary

Sale

282

8.9503 GBP

2.5p ordinary

Sale

888

8.8836 GBP

2.5p ordinary

Sale

1,956

8.8811 GBP

2.5p ordinary

Sale

2,484

8.9037 GBP

2.5p ordinary

Sale

3,266

8.9000 GBP

2.5p ordinary

Sale

4,084

8.9100 GBP

2.5p ordinary

Sale

5,158

8.8500 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

2.5p ordinary

 SWAP

Long

888

8.8836 GBP

2.5p ordinary

 CFD

Long

1,734

8.8827 GBP

2.5p ordinary

 CFD

Long

1,956

8.8811 GBP

2.5p ordinary

 SWAP

Long

1,980

8.9100 GBP

2.5p ordinary

 SWAP

Short

69

8.9600 GBP

2.5p ordinary

 SWAP

Short

130

8.9352 GBP

2.5p ordinary

 SWAP

Short

199

8.9607 GBP

2.5p ordinary

 SWAP

Short

474

8.9104 GBP

2.5p ordinary

 SWAP

Short

830

8.9100 GBP

2.5p ordinary

 CFD

Short

997

8.9360 GBP

2.5p ordinary

 SWAP

Short

1,386

8.9037 GBP

2.5p ordinary

 CFD

Short

1,627

8.9107 GBP

2.5p ordinary

 SWAP

Short

2,091

8.8968 GBP

2.5p ordinary

 SWAP

Short

2,214

8.9193 GBP

2.5p ordinary

 CFD

Short

5,058

8.9100 GBP

2.5p ordinary

 SWAP

Short

10,102

8.9266 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:

20 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213