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 Oct 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:

19,706,127

2.50%

4,788,008

0.61%

(2)

Cash-settled derivatives:

and/or controlled:

3,000,067

0.38%

21,211,439

2.69%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

22,706,194

2.88%

25,999,447

3.29%

Class of relevant security:

Senior unsecured convertible bond

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

3,200,000

2.13%

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:

3,200,000

2.13%

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

3,370,112

1.9735 GBP

1.7840 GBP

1p ordinary

Sale

2,362,683

2.0140 GBP

1.7850 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

Increasing Short

111,500

1.8058 USD

1p ordinary

SWAP

Increasing Short

32,400

1.9330 GBP

1p ordinary

SWAP

Decreasing Short

1,014

1.7875 GBP

1p ordinary

SWAP

Decreasing Short

14,693

1.7936 GBP

1p ordinary

SWAP

Decreasing Short

95,000

1.8035 USD

1p ordinary

SWAP

Decreasing Short

22,462

1.8501 GBP

1p ordinary

SWAP

Decreasing Short

15,441

1.8612 GBP

1p ordinary

SWAP

Decreasing Short

2,449

1.8663 GBP

1p ordinary

SWAP

Decreasing Short

978

1.8725 GBP

1p ordinary

SWAP

Decreasing Short

1,888

1.8939 GBP

1p ordinary

SWAP

Decreasing Short

48,590

1.9349 GBP

1p ordinary

SWAP

Decreasing Short

9,461

1.9373 GBP

1p ordinary

SWAP

Decreasing Short

42,884

1.9426 GBP

1p ordinary

SWAP

Decreasing Short

11,977

1.9479 GBP

1p ordinary

SWAP

Decreasing Short

24,284

1.9480 GBP

1p ordinary

SWAP

Decreasing Short

1

1.9499 GBP

1p ordinary

SWAP

Decreasing Short

336,910

1.9500 GBP

1p ordinary

SWAP

Decreasing Short

210,708

1.9507 GBP

1p ordinary

SWAP

Decreasing Short

939,316

1.9536 GBP

1p ordinary

SWAP

Decreasing Short

15

1.9595 GBP

1p ordinary

SWAP

Decreasing Short

1

1.9602 GBP

1p ordinary

SWAP

Decreasing Short

113,066

1.9668 GBP

1p ordinary

SWAP

Decreasing Short

89,227

1.9794 USD

1p ordinary

SWAP

Decreasing Short

103,770

2.0013 GBP

1p ordinary

SWAP

Increasing Short

1,600,000

1.7700 GBP

1p ordinary

SWAP

Increasing Short

2,108

1.7846 GBP

1p ordinary

SWAP

Increasing Short

234

1.7861 GBP

1p ordinary

SWAP

Increasing Short

113,487

1.8129 GBP

1p ordinary

SWAP

Increasing Short

1,619

1.8196 GBP

1p ordinary

SWAP

Increasing Short

3,247

1.8540 GBP

1p ordinary

SWAP

Increasing Short

4,459

1.8702 GBP

1p ordinary

SWAP

Increasing Short

224

1.8825 GBP

1p ordinary

SWAP

Increasing Short

4,882

1.8897 GBP

1p ordinary

SWAP

Increasing Short

7,361

1.9177 GBP

1p ordinary

SWAP

Increasing Short

333,060

1.9227 GBP

1p ordinary

SWAP

Increasing Short

492

1.9285 GBP

1p ordinary

SWAP

Increasing Short

695

1.9383 GBP

1p ordinary

SWAP

Increasing Short

139,991

1.9392 GBP

1p ordinary

SWAP

Increasing Short

115,696

1.9397 GBP

1p ordinary

SWAP

Increasing Short

27,100

1.9479 GBP

1p ordinary

SWAP

Increasing Short

1,760,958

1.9480 GBP

1p ordinary

SWAP

Increasing Short

289,380

1.9495 GBP

1p ordinary

SWAP

Increasing Short

173,747

1.9508 GBP

1p ordinary

SWAP

Increasing Short

19,312

1.9622 GBP

1p ordinary

SWAP

Increasing Short

7,063

1.9641 GBP

1p ordinary

SWAP

Increasing Short

4,450

1.9679 GBP

1p ordinary

CFD

Decreasing Short

6,312

1.8864 GBP

1p ordinary

CFD

Decreasing Short

62,363

2.0069 GBP

1p ordinary

CFD

Decreasing Short

16,006

2.0093 GBP

1p ordinary

CFD

Increasing Short

9,329

1.8280 GBP

1p ordinary

CFD

Increasing Short

262

1.9480 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 Oct 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213