Form 8.5 EPT/Non RI ALPHAWAVE IP GROUP PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose

ALPHAWAVE IP GROUP PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

ALPHAWAVE IP GROUP PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

27 Aug 2025

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

AQUA ACQUISITION SUB LLC (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF QUALCOMM INCORPORATED)

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(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:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

22,062,376

2.82%

5,896,508

0.75%

(2)

Cash-settled derivatives:

and/or controlled:

3,471,930

0.44%

21,755,652

2.78%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

25,534,306

3.26%

27,652,160

3.53%

Class of relevant security:

Senior unsecured convertible bond

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

4,200,000

2.80%

0

0.00%

(2)

Cash-settled derivatives:

and/or controlled:

0

0.00%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

4,200,000

2.80%

0

0.00%

(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 EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

1p ordinary

Purchase

1,288,980

1.8365 GBP

1.7990 GBP

1p ordinary

Sale

613,356

1.8365 GBP

1.7990 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

SWAP

Decreasing Short

81,200

1.8207 USD

1p ordinary

SWAP

Decreasing Short

8,155

1.8267 GBP

1p ordinary

SWAP

Decreasing Short

125,817

1.7990 GBP

1p ordinary

SWAP

Decreasing Short

46

1.8000 GBP

1p ordinary

SWAP

Decreasing Short

12,722

1.8275 GBP

1p ordinary

SWAP

Decreasing Short

69,762

1.8295 GBP

1p ordinary

SWAP

Decreasing Short

5,743

1.8297 GBP

1p ordinary

SWAP

Decreasing Short

10,000

1.8298 GBP

1p ordinary

SWAP

Decreasing Short

91,103

1.8299 GBP

1p ordinary

SWAP

Decreasing Short

48

1.8300 GBP

1p ordinary

SWAP

Decreasing Short

6,278

1.8301 GBP

1p ordinary

SWAP

Decreasing Short

2,554

1.8306 GBP

1p ordinary

SWAP

Decreasing Short

217

1.8340 GBP

1p ordinary

SWAP

Increasing Short

711

1.7907 GBP

1p ordinary

SWAP

Increasing Short

889

1.8209 GBP

1p ordinary

SWAP

Increasing Short

49,022

1.8215 GBP

1p ordinary

SWAP

Increasing Short

1,317

1.8229 GBP

1p ordinary

SWAP

Increasing Short

1,207

1.8231 GBP

1p ordinary

SWAP

Increasing Short

48,000

1.8241 GBP

1p ordinary

SWAP

Increasing Short

12,808

1.8246 GBP

1p ordinary

SWAP

Increasing Short

2,976

1.8254 GBP

1p ordinary

SWAP

Increasing Short

47,330

1.8260 GBP

1p ordinary

SWAP

Increasing Short

981

1.8289 GBP

1p ordinary

SWAP

Increasing Short

118,613

1.8296 GBP

1p ordinary

SWAP

Increasing Short

143,677

1.8300 GBP

1p ordinary

SWAP

Increasing Short

12,810

1.8302 GBP

1p ordinary

SWAP

Increasing Short

412,978

1.8303 USD

1p ordinary

SWAP

Increasing Short

168,026

1.8306 GBP

1p ordinary

SWAP

Increasing Short

26,241

1.8316 GBP

1p ordinary

CFD

Increasing Short

4,893

1.8249 GBP

1p ordinary

CFD

Increasing Short

9,916

1.8265 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 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 exempt principal trader 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 Aug 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213