Form 8.3 TREATT 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

TREATT 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:

22 Oct 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:

2p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

634,632

1.08%

356,853

0.61%

(2)

Cash-settled derivatives:

109,904

0.19%

432,792

0.73%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

744,536

1.26%

789,645

1.34%

(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

2p ordinary

Purchase

36,785

2.4037 GBP

2p ordinary

Purchase

26,520

2.3624 GBP

2p ordinary

Purchase

19,336

2.4145 GBP

2p ordinary

Purchase

17,842

2.4395 GBP

2p ordinary

Purchase

9,869

2.4400 GBP

2p ordinary

Purchase

8,044

2.3750 GBP

2p ordinary

Purchase

4,471

2.3986 GBP

2p ordinary

Purchase

3,745

2.3786 GBP

2p ordinary

Purchase

3,228

2.3850 GBP

2p ordinary

Purchase

2,518

2.3585 GBP

2p ordinary

Purchase

2,226

2.3550 GBP

2p ordinary

Purchase

1,899

2.3100 GBP

2p ordinary

Purchase

1,547

2.3525 GBP

2p ordinary

Purchase

1,527

2.3400 GBP

2p ordinary

Purchase

966

2.4150 GBP

2p ordinary

Purchase

756

2.4350 GBP

2p ordinary

Purchase

647

2.3900 GBP

2p ordinary

Purchase

624

2.3906 GBP

2p ordinary

Purchase

609

2.3500 GBP

2p ordinary

Purchase

586

2.3800 GBP

2p ordinary

Purchase

558

2.3950 GBP

2p ordinary

Purchase

500

2.3359 GBP

2p ordinary

Purchase

36

2.3625 GBP

2p ordinary

Sale

56,474

2.3823 GBP

2p ordinary

Sale

48,157

2.3738 GBP

2p ordinary

Sale

28,739

2.4400 GBP

2p ordinary

Sale

17,500

2.4004 GBP

2p ordinary

Sale

10,000

2.3700 GBP

2p ordinary

Sale

8,611

2.3699 GBP

2p ordinary

Sale

1,325

2.3748 GBP

2p ordinary

Sale

1,232

2.3791 GBP

2p ordinary

Sale

1,013

2.3106 GBP

2p ordinary

Sale

998

2.3144 GBP

2p ordinary

Sale

900

2.3530 GBP

2p ordinary

Sale

400

2.3501 GBP

2p ordinary

Sale

371

2.3300 GBP

2p ordinary

Sale

81

2.3549 GBP

2p ordinary

Sale

17

2.3452 GBP

2p ordinary

Sale

7

2.3450 GBP

2p ordinary

Sale

2

2.4250 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

2p ordinary

SWAP

Decreasing Short

81

2.3549 GBP

2p ordinary

SWAP

Decreasing Short

1,413

2.3703 GBP

2p ordinary

SWAP

Decreasing Short

1,232

2.3791 GBP

2p ordinary

SWAP

Decreasing Short

158

2.4048 GBP

2p ordinary

SWAP

Decreasing Short

7,949

2.4400 GBP

2p ordinary

SWAP

Increasing Short

1,527

2.3400 GBP

2p ordinary

SWAP

Increasing Short

1,547

2.3525 GBP

2p ordinary

SWAP

Increasing Short

1,134

2.3535 GBP

2p ordinary

SWAP

Increasing Short

1,384

2.3626 GBP

2p ordinary

SWAP

Increasing Short

624

2.3906 GBP

2p ordinary

SWAP

Increasing Short

4,471

2.3986 GBP

2p ordinary

SWAP

Increasing Short

756

2.4350 GBP

2p ordinary

CFD

Decreasing Short

20,804

2.3692 GBP

2p ordinary

CFD

Decreasing Short

48,157

2.3738 GBP

2p ordinary

CFD

Decreasing Short

26,433

2.3749 GBP

2p ordinary

CFD

Decreasing Short

985

2.3816 GBP

2p ordinary

CFD

Decreasing Short

7,830

2.4000 GBP

2p ordinary

CFD

Increasing Short

26,520

2.3624 GBP

2p ordinary

CFD

Increasing Short

8,044

2.3750 GBP

2p ordinary

CFD

Increasing Short

3,745

2.3786 GBP

2p ordinary

CFD

Increasing Short

4,306

2.3819 GBP

2p ordinary

CFD

Increasing Short

7,830

2.4000 GBP

2p ordinary

CFD

Increasing Short

9,848

2.4400 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:

23 Oct 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213