Form 8.5 (EPT/NON-RI) BARRATT DEVELOPMENTS 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 relevant securities this form relates:

BARRATT DEVELOPMENTS PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

REDROW PLC

(d)

Date position held/dealing undertaken:

25 Jul 2024

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: REDROW PLC

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:

10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

10,208,272

1.05%

4,778,273

0.49%

(2) Cash-settled derivatives:

3,729,385

0.38%

8,789,522

0.90%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

13,937,657

1.43%

13,567,795

1.39%

(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)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10p ordinary

Purchase

2297658

5.0922 GBP

4.9945 GBP

10p ordinary

Sale

2475223

5.0920 GBP

4.9740 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

SWAP

Opening Long

13,190

5.0614 GBP

10p ordinary

SWAP

Decreasing Long

218,072

5.0000 GBP

10p ordinary

CFD

Increasing Long

4,426

4.9936 GBP

10p ordinary

CFD

Increasing Long

10,789

5.0153 GBP

10p ordinary

CFD

Increasing Long

1,165

5.0768 GBP

10p ordinary

CFD

Increasing Long

780

5.0915 GBP

10p ordinary

CFD

Increasing Long

22,352

5.0919 GBP

10p ordinary

CFD

Decreasing Long

3,088

4.9762 GBP

10p ordinary

CFD

Decreasing Long

780

5.0023 GBP

10p ordinary

CFD

Decreasing Long

33,141

5.0219 GBP

10p ordinary

CFD

Decreasing Long

1,195

5.0664 GBP

10p ordinary

SWAP

Decreasing Short

755

5.0558 GBP

10p ordinary

SWAP

Decreasing Short

100

5.0639 GBP

10p ordinary

SWAP

Increasing Short

2,041

5.0280 GBP

10p ordinary

SWAP

Increasing Long

319

5.0616 GBP

10p ordinary

SWAP

Increasing Long

319

5.0776 GBP

10p ordinary

SWAP

Increasing Long

5,789

5.0903 GBP

10p ordinary

SWAP

Decreasing Long

230

5.0308 GBP

10p ordinary

SWAP

Decreasing Long

2

5.0922 GBP

10p ordinary

SWAP

Decreasing Short

1,403

5.0198 GBP

10p ordinary

SWAP

Decreasing Short

128,345

5.0313 GBP

10p ordinary

SWAP

Decreasing Short

46,514

5.0908 GBP

10p ordinary

SWAP

Decreasing Short

99,914

5.0919 GBP

10p ordinary

SWAP

Increasing Short

1,442

5.0007 GBP

10p ordinary

SWAP

Increasing Short

118

5.0260 GBP

10p ordinary

SWAP

Increasing Short

253

5.0271 GBP

10p ordinary

SWAP

Increasing Short

33,326

5.0563 GBP

10p ordinary

SWAP

Increasing Short

39,546

5.0834 GBP

10p ordinary

SWAP

Decreasing Short

1,139

5.0063 GBP

10p ordinary

SWAP

Decreasing Short

6,165

5.0092 GBP

10p ordinary

SWAP

Decreasing Short

8,168

5.0104 GBP

10p ordinary

SWAP

Decreasing Short

2,906

5.0149 GBP

10p ordinary

SWAP

Decreasing Short

1,260

5.0158 GBP

10p ordinary

SWAP

Decreasing Short

488

5.0199 GBP

10p ordinary

SWAP

Decreasing Short

2,662

5.0209 GBP

10p ordinary

SWAP

Decreasing Short

9,089

5.0890 GBP

10p ordinary

SWAP

Decreasing Short

43,546

5.0919 GBP

10p ordinary

SWAP

Increasing Short

3,213

5.0348 GBP

10p ordinary

SWAP

Increasing Short

14,065

5.0414 GBP

10p ordinary

SWAP

Increasing Short

3,151

5.0515 GBP

10p ordinary

SWAP

Increasing Short

937

5.0539 GBP

10p ordinary

SWAP

Increasing Short

8,045

5.0545 GBP

10p ordinary

SWAP

Increasing Short

12,253

5.0592 GBP

10p ordinary

SWAP

Increasing Short

3,129

5.0595 GBP

10p ordinary

SWAP

Increasing Short

7,174

5.0610 GBP

10p ordinary

SWAP

Increasing Short

2,731

5.0611 GBP

10p ordinary

SWAP

Increasing Short

1,234

5.0860 GBP

10p ordinary

SWAP

Decreasing Short

22,144

5.0044 GBP

10p ordinary

SWAP

Decreasing Short

35,280

5.0916 GBP

10p ordinary

SWAP

Decreasing Short

56,630

5.0388 GBP

10p ordinary

SWAP

Decreasing Short

65,420

5.0920 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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:

26 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213