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:

30 May 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:

12,912,415

1.32%

5,006,795

0.51%

(2) Cash-settled derivatives:

4,079,472

0.42%

11,516,883

1.18%

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

0

0.00%

0

0.00%

TOTAL: 

16,991,887

1.74%

16,523,678

1.70%

(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

1765832

5.0380 GBP

4.9472 GBP

10p ordinary

Sale

1743556

5.0320 GBP

4.9680 GBP

ADR

Purchase

598

12.7400 USD

12.7400 USD

ADR

Sale

598

12.7400 USD

12.7400 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

SWAP

Decreasing Long

1,026

4.9494 GBP

10p ordinary

CFD

Decreasing Long

1,771

5.0285 GBP

10p ordinary

CFD

Decreasing Long

9,959

4.9471 GBP

10p ordinary

CFD

Decreasing Long

15,144

5.0031 GBP

10p ordinary

CFD

Decreasing Long

16,811

5.0300 GBP

10p ordinary

CFD

Decreasing Long

36,902

5.0104 GBP

10p ordinary

SWAP

Decreasing Short

514

4.9981 GBP

10p ordinary

SWAP

Decreasing Short

574

4.9250 GBP

10p ordinary

SWAP

Decreasing Short

605

5.0320 GBP

10p ordinary

SWAP

Decreasing Short

1,214

5.0020 GBP

10p ordinary

SWAP

Decreasing Short

2,000

5.0291 GBP

10p ordinary

SWAP

Decreasing Short

2,430

5.0289 GBP

10p ordinary

SWAP

Decreasing Short

2,466

5.0138 GBP

10p ordinary

SWAP

Decreasing Short

3,338

5.0211 GBP

10p ordinary

SWAP

Decreasing Short

3,595

5.0224 GBP

10p ordinary

SWAP

Decreasing Short

3,612

4.9877 GBP

10p ordinary

SWAP

Decreasing Short

3,949

5.0267 GBP

10p ordinary

SWAP

Decreasing Short

4,599

5.0248 GBP

10p ordinary

SWAP

Decreasing Short

4,750

5.0271 GBP

10p ordinary

SWAP

Decreasing Short

4,846

5.0188 GBP

10p ordinary

SWAP

Decreasing Short

5,814

5.0169 GBP

10p ordinary

SWAP

Decreasing Short

6,921

4.9814 GBP

10p ordinary

SWAP

Decreasing Short

7,900

5.0283 GBP

10p ordinary

SWAP

Decreasing Short

8,107

5.0118 GBP

10p ordinary

SWAP

Decreasing Short

8,557

5.0149 GBP

10p ordinary

SWAP

Decreasing Short

9,647

5.0142 GBP

10p ordinary

SWAP

Decreasing Short

18,672

5.0135 GBP

10p ordinary

SWAP

Decreasing Short

20,252

5.0146 GBP

10p ordinary

SWAP

Decreasing Short

25,479

5.0178 GBP

10p ordinary

SWAP

Decreasing Short

39,945

5.0125 GBP

10p ordinary

CFD

Increasing Long

120

4.9356 GBP

10p ordinary

CFD

Increasing Long

158

5.0198 GBP

10p ordinary

CFD

Increasing Long

638

5.0130 GBP

10p ordinary

CFD

Increasing Long

1,173

4.9246 GBP

10p ordinary

CFD

Increasing Long

14,148

5.0215 GBP

10p ordinary

CFD

Increasing Long

26,770

5.0228 GBP

10p ordinary

SWAP

Increasing Short

18

5.0060 GBP

10p ordinary

SWAP

Increasing Short

35

5.0040 GBP

10p ordinary

SWAP

Increasing Short

156

4.9239 GBP

10p ordinary

SWAP

Increasing Short

501

5.0011 GBP

10p ordinary

SWAP

Increasing Short

1,242

5.0201 GBP

10p ordinary

SWAP

Increasing Short

2,083

5.0020 GBP

10p ordinary

SWAP

Increasing Short

3,180

5.0146 GBP

10p ordinary

SWAP

Increasing Short

7,521

5.0215 GBP

10p ordinary

SWAP

Increasing Short

23,005

5.0185 GBP

10p ordinary

SWAP

Increasing Short

30,215

5.0300 GBP

10p ordinary

SWAP

Increasing Short

43,752

5.0218 GBP

10p ordinary

SWAP

Increasing Short

61,330

5.0300 GBP

10p ordinary

SWAP

Increasing Short

71,568

5.0289 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:

31 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213