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:

29 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:

12,849,869

1.32%

4,965,252

0.51%

(2) Cash-settled derivatives:

4,136,878

0.42%

11,462,063

1.18%

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

0

0.00%

0

0.00%

TOTAL: 

16,986,747

1.74%

16,427,315

1.69%

(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

1155312

5.0620 GBP

4.9535 GBP

10p ordinary

Sale

448458

5.0554 GBP

4.9535 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

Decreasing Long

80

5.0474 GBP

10p ordinary

SWAP

Decreasing Long

90

4.9760 GBP

10p ordinary

SWAP

Decreasing Long

220

4.9810 GBP

10p ordinary

SWAP

Decreasing Long

240

4.9814 GBP

10p ordinary

SWAP

Decreasing Long

284

4.9896 GBP

10p ordinary

SWAP

Decreasing Long

349

4.9759 GBP

10p ordinary

CFD

Decreasing Long

961

5.0604 GBP

10p ordinary

SWAP

Decreasing Long

1,194

5.0223 GBP

10p ordinary

SWAP

Decreasing Long

1,519

5.0373 GBP

10p ordinary

SWAP

Decreasing Long

1,582

4.9897 GBP

10p ordinary

SWAP

Decreasing Long

2,507

5.0180 GBP

10p ordinary

SWAP

Decreasing Long

3,049

4.9925 GBP

10p ordinary

SWAP

Decreasing Long

3,211

4.9932 GBP

10p ordinary

SWAP

Decreasing Long

3,387

4.9900 GBP

10p ordinary

SWAP

Decreasing Long

3,870

4.9934 GBP

10p ordinary

CFD

Decreasing Long

3,896

4.9830 GBP

10p ordinary

CFD

Decreasing Long

4,504

4.9813 GBP

10p ordinary

SWAP

Decreasing Long

4,937

5.0214 GBP

10p ordinary

SWAP

Decreasing Long

4,993

4.9836 GBP

10p ordinary

SWAP

Decreasing Long

11,458

4.9837 GBP

10p ordinary

CFD

Decreasing Long

12,064

5.0166 GBP

10p ordinary

CFD

Decreasing Long

20,057

5.0273 GBP

10p ordinary

SWAP

Decreasing Long

22,147

4.9829 GBP

10p ordinary

CFD

Decreasing Long

22,452

4.9550 GBP

10p ordinary

SWAP

Decreasing Long

23,994

4.9844 GBP

10p ordinary

SWAP

Decreasing Long

27,294

4.9843 GBP

10p ordinary

CFD

Decreasing Long

71,816

4.9553 GBP

10p ordinary

SWAP

Decreasing Long

79,278

4.9550 GBP

10p ordinary

SWAP

Decreasing Short

11

4.9819 GBP

10p ordinary

SWAP

Decreasing Short

14

4.9829 GBP

10p ordinary

SWAP

Decreasing Short

78

4.9851 GBP

10p ordinary

SWAP

Decreasing Short

105

4.9859 GBP

10p ordinary

SWAP

Decreasing Short

120

4.9830 GBP

10p ordinary

SWAP

Decreasing Short

262

5.0263 GBP

10p ordinary

SWAP

Decreasing Short

762

5.0600 GBP

10p ordinary

SWAP

Decreasing Short

981

5.0520 GBP

10p ordinary

SWAP

Decreasing Short

1,098

5.0418 GBP

10p ordinary

SWAP

Decreasing Short

1,215

5.0388 GBP

10p ordinary

SWAP

Decreasing Short

1,595

5.0165 GBP

10p ordinary

SWAP

Decreasing Short

2,011

5.0326 GBP

10p ordinary

SWAP

Decreasing Short

2,292

4.9831 GBP

10p ordinary

SWAP

Decreasing Short

2,790

4.9715 GBP

10p ordinary

SWAP

Decreasing Short

4,757

4.9549 GBP

10p ordinary

SWAP

Decreasing Short

5,212

4.9865 GBP

10p ordinary

SWAP

Decreasing Short

5,415

4.9815 GBP

10p ordinary

SWAP

Decreasing Short

5,613

4.9709 GBP

10p ordinary

SWAP

Decreasing Short

7,706

4.9814 GBP

10p ordinary

SWAP

Decreasing Short

8,807

5.0283 GBP

10p ordinary

SWAP

Decreasing Short

14,500

4.9895 GBP

10p ordinary

SWAP

Decreasing Short

22,457

4.9839 GBP

10p ordinary

SWAP

Decreasing Short

125,000

4.9684 GBP

10p ordinary

CFD

Increasing Long

515

4.9825 GBP

10p ordinary

CFD

Increasing Long

961

4.9546 GBP

10p ordinary

CFD

Increasing Long

34,516

4.9973 GBP

10p ordinary

SWAP

Increasing Short

84

5.0388 GBP

10p ordinary

SWAP

Increasing Short

85

5.0184 GBP

10p ordinary

SWAP

Increasing Short

200

4.9780 GBP

10p ordinary

SWAP

Increasing Short

366

4.9884 GBP

10p ordinary

SWAP

Increasing Short

658

4.9969 GBP

10p ordinary

SWAP

Increasing Short

1,061

5.0102 GBP

10p ordinary

SWAP

Increasing Short

1,109

4.9880 GBP

10p ordinary

SWAP

Increasing Short

1,689

4.9970 GBP

10p ordinary

SWAP

Increasing Short

2,313

4.9932 GBP

10p ordinary

SWAP

Increasing Short

2,332

4.9874 GBP

10p ordinary

SWAP

Increasing Short

2,863

5.0132 GBP

10p ordinary

SWAP

Increasing Short

3,529

4.9914 GBP

10p ordinary

SWAP

Increasing Short

12,143

4.9972 GBP

10p ordinary

SWAP

Increasing Short

14,548

4.9901 GBP

10p ordinary

SWAP

Increasing Short

14,656

4.9860 GBP

10p ordinary

SWAP

Increasing Short

15,810

4.9872 GBP

10p ordinary

SWAP

Increasing Short

30,604

4.9888 GBP

10p ordinary

SWAP

Increasing Short

30,935

4.9573 GBP

10p ordinary

SWAP

Increasing Short

35,953

4.9913 GBP

10p ordinary

SWAP

Increasing Short

49,950

4.9834 GBP

10p ordinary

SWAP

Increasing Short

99,900

4.9889 GBP

10p ordinary

SWAP

Increasing Short

268,839

4.9550 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:

30 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213