Form 8.3 PETERSHILL PARTNERS 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

PETERSHILL PARTNERS 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:

03 Dec 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:

USD 0.01 ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

11,290,228

1.04%

878,514

0.08%

(2)

Cash-settled derivatives:

870,090

0.08%

11,276,057

1.04%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

12,160,318

1.12%

12,154,571

1.12%

(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

USD 0.01 ordinary

Purchase

2,038,651

3.1050 GBP

USD 0.01 ordinary

Purchase

1,496,522

3.1058 GBP

USD 0.01 ordinary

Purchase

387,922

3.1135 GBP

USD 0.01 ordinary

Purchase

171,216

3.1140 GBP

USD 0.01 ordinary

Purchase

106,974

3.1200 GBP

USD 0.01 ordinary

Purchase

90,305

3.1150 GBP

USD 0.01 ordinary

Purchase

49,050

3.1064 GBP

USD 0.01 ordinary

Purchase

47,134

3.1127 GBP

USD 0.01 ordinary

Purchase

43,209

3.1166 GBP

USD 0.01 ordinary

Purchase

42,048

3.1175 GBP

USD 0.01 ordinary

Purchase

21,943

3.1091 GBP

USD 0.01 ordinary

Purchase

13,064

3.1250 GBP

USD 0.01 ordinary

Purchase

11,766

3.1300 GBP

USD 0.01 ordinary

Purchase

4,385

3.1226 GBP

USD 0.01 ordinary

Purchase

3,220

3.1100 GBP

USD 0.01 ordinary

Purchase

3,143

3.1103 GBP

USD 0.01 ordinary

Purchase

3,026

3.1125 GBP

USD 0.01 ordinary

Purchase

2,510

3.1096 GBP

USD 0.01 ordinary

Purchase

2,405

3.1350 GBP

USD 0.01 ordinary

Purchase

1

3.1400 GBP

USD 0.01 ordinary

Sale

1,939,471

3.1050 GBP

USD 0.01 ordinary

Sale

1,405,462

3.1053 GBP

USD 0.01 ordinary

Sale

313,482

3.1126 GBP

USD 0.01 ordinary

Sale

131,453

3.1057 GBP

USD 0.01 ordinary

Sale

122,971

3.1150 GBP

USD 0.01 ordinary

Sale

106,974

3.1200 GBP

USD 0.01 ordinary

Sale

96,963

3.1170 GBP

USD 0.01 ordinary

Sale

66,535

3.1153 GBP

USD 0.01 ordinary

Sale

49,041

3.1064 GBP

USD 0.01 ordinary

Sale

35,769

3.1137 GBP

USD 0.01 ordinary

Sale

25,559

3.1125 GBP

USD 0.01 ordinary

Sale

19,237

3.1172 GBP

USD 0.01 ordinary

Sale

16,748

3.1167 GBP

USD 0.01 ordinary

Sale

15,522

3.1184 GBP

USD 0.01 ordinary

Sale

13,064

3.1250 GBP

USD 0.01 ordinary

Sale

10,430

3.1227 GBP

USD 0.01 ordinary

Sale

9,368

3.1048 GBP

USD 0.01 ordinary

Sale

7,982

3.1086 GBP

USD 0.01 ordinary

Sale

7,321

3.1076 GBP

USD 0.01 ordinary

Sale

5,551

3.1100 GBP

USD 0.01 ordinary

Sale

5,464

3.1075 GBP

USD 0.01 ordinary

Sale

5,201

3.1101 GBP

USD 0.01 ordinary

Sale

4,180

3.1159 GBP

USD 0.01 ordinary

Sale

2,477

3.1300 GBP

USD 0.01 ordinary

Sale

1,466

3.1233 GBP

USD 0.01 ordinary

Sale

1,339

3.1099 GBP

USD 0.01 ordinary

Sale

588

3.1232 GBP

USD 0.01 ordinary

Sale

283

3.1175 GBP

USD 0.01 ordinary

Sale

143

3.1147 GBP

USD 0.01 ordinary

Sale

109

3.1350 GBP

USD 0.01 ordinary

Sale

5

3.1800 GBP

USD 0.01 ordinary

Sale

1

3.1400 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

USD 0.01 ordinary

SWAP

Decreasing Short

9,368

3.1048 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

124,873

3.1050 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

143

3.1146 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

4,180

3.1159 GBP

USD 0.01 ordinary

SWAP

Decreasing Short

5

3.1796 GBP

USD 0.01 ordinary

SWAP

Increasing Short

48,793

3.1050 GBP

USD 0.01 ordinary

SWAP

Increasing Short

6,622

3.1127 GBP

USD 0.01 ordinary

SWAP

Increasing Short

43,209

3.1166 GBP

USD 0.01 ordinary

SWAP

Increasing Short

40,885

3.1175 GBP

USD 0.01 ordinary

SWAP

Increasing Short

16,957

3.1194 GBP

USD 0.01 ordinary

SWAP

Increasing Short

44,340

3.1197 GBP

USD 0.01 ordinary

SWAP

Increasing Short

9,289

3.1300 GBP

USD 0.01 ordinary

CFD

Decreasing Short

23,602

3.1126 GBP

USD 0.01 ordinary

CFD

Decreasing Short

102,079

3.1150 GBP

USD 0.01 ordinary

CFD

Decreasing Short

588

3.1232 GBP

USD 0.01 ordinary

CFD

Decreasing Short

1,466

3.1233 GBP

USD 0.01 ordinary

CFD

Increasing Short

49,050

3.1064 GBP

USD 0.01 ordinary

CFD

Increasing Short

179

3.1100 GBP

USD 0.01 ordinary

CFD

Increasing Short

47,134

3.1127 GBP

USD 0.01 ordinary

CFD

Increasing Short

64,299

3.1150 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:

04 Dec 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213