Form 8.3 - Stagecoach 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

STAGECOACH 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:

09 March 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?

NATIONAL EXPRESS 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:

125/228p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

10,414,211

1.89%

1,294,539

0.23%

(2)

Cash-settled derivatives:

663,169

0.12%

10,006,077

1.81%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

11,077,380

2.01%

11,300,616

2.05%

(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

125/228p ordinary

Purchase

126

1.0460 GBP

125/228p ordinary

Purchase

1,000

1.0405 GBP

125/228p ordinary

Purchase

1,314

1.0499 GBP

125/228p ordinary

Purchase

2,193

1.0430 GBP

125/228p ordinary

Purchase

5,504

1.0410 GBP

125/228p ordinary

Purchase

13,276

1.0483 GBP

125/228p ordinary

Purchase

42,245

1.0400 GBP

125/228p ordinary

Purchase

50,787

1.0466 GBP

125/228p ordinary

Purchase

85,842

1.0500 GBP

125/228p ordinary

Purchase

123,381

1.0409 GBP

125/228p ordinary

Purchase

132,294

1.0420 GBP

125/228p ordinary

Purchase

137,898

1.0426 GBP

125/228p ordinary

Purchase

163,498

1.0431 GBP

125/228p ordinary

Purchase

838,607

1.0441 GBP

125/228p ordinary

Purchase

1,070,426

1.0458 GBP

125/228p ordinary

Purchase

1,361,839

1.0474 GBP

125/228p ordinary

Purchase

1,372,987

1.0450 GBP

125/228p ordinary

Purchase

2,156,577

1.0427 GBP

125/228p ordinary

Sale

494

1.0418 GBP

125/228p ordinary

Sale

653

1.0400 GBP

125/228p ordinary

Sale

1,036

1.0370 GBP

125/228p ordinary

Sale

2,389

1.0356 GBP

125/228p ordinary

Sale

12,539

1.0412 GBP

125/228p ordinary

Sale

16,131

1.0424 GBP

125/228p ordinary

Sale

16,536

1.0415 GBP

125/228p ordinary

Sale

20,983

1.0510 GBP

125/228p ordinary

Sale

23,030

1.0506 GBP

125/228p ordinary

Sale

23,749

1.0436 GBP

125/228p ordinary

Sale

23,830

1.0505 GBP

125/228p ordinary

Sale

34,314

1.0420 GBP

125/228p ordinary

Sale

44,947

1.0511 GBP

125/228p ordinary

Sale

47,011

1.0466 GBP

125/228p ordinary

Sale

50,182

1.0401 GBP

125/228p ordinary

Sale

86,784

1.0431 GBP

125/228p ordinary

Sale

124,570

1.0435 GBP

125/228p ordinary

Sale

200,000

1.0411 GBP

125/228p ordinary

Sale

200,000

1.0428 GBP

125/228p ordinary

Sale

250,000

1.0421 GBP

125/228p ordinary

Sale

260,056

1.0501 GBP

125/228p ordinary

Sale

363,146

1.0417 GBP

125/228p ordinary

Sale

368,568

1.0452 GBP

125/228p ordinary

Sale

522,767

1.0425 GBP

125/228p ordinary

Sale

1,350,000

1.0429 GBP

125/228p ordinary

Sale

9,833,816

1.0406 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

125/228p ordinary

 SWAP

Long

4,930

1.0402 GBP

125/228p ordinary

 CFD

Long

25,387

1.0407 GBP

125/228p ordinary

 CFD

Long

50,000

1.0396 GBP

125/228p ordinary

 CFD

Long

50,000

1.0450 GBP

125/228p ordinary

 SWAP

Long

351,057

1.0455 GBP

125/228p ordinary

 SWAP

Long

2,101,000

1.0403 GBP

125/228p ordinary

 SWAP

Long

7,532,086

1.0406 GBP

125/228p ordinary

 SWAP

Short

1,000

1.0405 GBP

125/228p ordinary

 SWAP

Short

2,190

1.0431 GBP

125/228p ordinary

 CFD

Short

9,464

1.0450 GBP

125/228p ordinary

 CFD

Short

21,172

1.0473 GBP

125/228p ordinary

 CFD

Short

39,424

1.0452 GBP

125/228p ordinary

 CFD

Short

173,156

1.0500 GBP

125/228p ordinary

 SWAP

Short

401,075

1.0461 GBP

125/228p ordinary

 SWAP

Short

1,063,040

1.0458 GBP

125/228p ordinary

 SWAP

Short

2,152,238

1.0460 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:

10 Mar 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213