Form 8.5 EPT/Non RI BODYCOTE 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

BODYCOTE PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

BODYCOTE PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

25 Sep 2026

(e)

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

NO

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

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:

17 3/11p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

4,014,945

2.36%

155,947

0.09%

(2)

Cash-settled derivatives:

and/or controlled:

96,959

0.06%

4,003,079

2.35%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

4,111,904

2.42%

4,159,026

2.44%

(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

17 3/11p ordinary

Purchase

144,985

9.5127 GBP

9.4372 GBP

17 3/11p ordinary

Sale

104,226

9.4725 GBP

9.4300 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

17 3/11p ordinary

SWAP

Increasing Long

200

9.4443 GBP

17 3/11p ordinary

SWAP

Decreasing Short

640

9.4784 GBP

17 3/11p ordinary

SWAP

Decreasing Short

380

9.4492 GBP

17 3/11p ordinary

SWAP

Decreasing Short

212

9.4477 GBP

17 3/11p ordinary

SWAP

Decreasing Short

82

9.4516 GBP

17 3/11p ordinary

SWAP

Decreasing Short

40

9.4492 GBP

17 3/11p ordinary

SWAP

Decreasing Short

776

9.4492 GBP

17 3/11p ordinary

SWAP

Increasing Short

11,125

9.4649 GBP

17 3/11p ordinary

SWAP

Opening Long

3,862

9.4645 GBP

17 3/11p ordinary

SWAP

Increasing Short

23,956

9.4560 GBP

17 3/11p ordinary

CFD

Increasing Short

1,035

9.4657 GBP

17 3/11p ordinary

CFD

Increasing Short

119

9.5054 GBP

17 3/11p ordinary

SWAP

Increasing Short

7,585

9.4599 GBP

17 3/11p ordinary

SWAP

Increasing Short

1

9.4528 GBP

17 3/11p ordinary

SWAP

Increasing Short

72

9.4372 GBP

17 3/11p ordinary

SWAP

Decreasing Short

18,671

9.4646 GBP

17 3/11p ordinary

SWAP

Decreasing Short

1,665

9.4607 GBP

17 3/11p ordinary

SWAP

Increasing Short

1,340

9.4710 GBP

17 3/11p ordinary

SWAP

Closing Long

3,862

9.4538 GBP

17 3/11p ordinary

SWAP

Opening Short

2,582

9.4538 GBP

17 3/11p ordinary

SWAP

Decreasing Short

436

9.4642 GBP

17 3/11p ordinary

CFD

Increasing Short

1,633

9.4532 GBP

17 3/11p ordinary

SWAP

Increasing Short

26

9.4603 GBP

17 3/11p ordinary

SWAP

Decreasing Short

27,965

9.4505 GBP

17 3/11p ordinary

SWAP

Decreasing Short

826

9.4499 GBP

17 3/11p ordinary

SWAP

Decreasing Short

520

9.4515 GBP

17 3/11p ordinary

SWAP

Increasing Short

196

9.4426 GBP

17 3/11p ordinary

CFD

Decreasing Short

3

9.4633 GBP

17 3/11p ordinary

SWAP

Increasing Short

216

9.4520 GBP

17 3/11p ordinary

SWAP

Decreasing Short

93

9.4378 GBP

17 3/11p ordinary

SWAP

Increasing Short

332

9.4400 GBP

17 3/11p ordinary

SWAP

Increasing Short

134

9.4606 GBP

17 3/11p ordinary

SWAP

Increasing Short

4,831

9.4591 GBP

17 3/11p ordinary

SWAP

Increasing Short

3,467

9.4597 GBP

17 3/11p ordinary

SWAP

Increasing Short

341

9.4680 GBP

17 3/11p ordinary

SWAP

Increasing Short

156

9.4550 GBP

17 3/11p ordinary

SWAP

Increasing Short

15,876

9.4650 GBP

17 3/11p ordinary

SWAP

Increasing Short

196

9.4510 GBP

17 3/11p ordinary

SWAP

Increasing Short

5

9.4650 GBP

17 3/11p ordinary

SWAP

Increasing Short

916

9.4672 GBP

17 3/11p ordinary

SWAP

Increasing Short

19,556

9.4625 GBP

17 3/11p ordinary

SWAP

Increasing Short

1,840

9.4572 GBP

17 3/11p ordinary

SWAP

Increasing Short

1,029

9.4545 GBP

17 3/11p ordinary

SWAP

Increasing Short

42

9.4481 GBP

17 3/11p ordinary

SWAP

Increasing Short

384

9.4550 GBP

17 3/11p ordinary

SWAP

Increasing Short

8,185

9.4578 GBP

17 3/11p ordinary

SWAP

Increasing Short

736

9.4555 GBP

17 3/11p ordinary

SWAP

Decreasing Short

62

9.4300 GBP

17 3/11p ordinary

SWAP

Increasing Short

31

9.4505 GBP

17 3/11p ordinary

SWAP

Increasing Short

10,602

9.4553 GBP

17 3/11p ordinary

SWAP

Increasing Short

9

9.5127 GBP

17 3/11p ordinary

SWAP

Decreasing Short

3,865

9.4577 GBP

17 3/11p ordinary

SWAP

Increasing Short

414

9.4530 GBP

17 3/11p ordinary

SWAP

Increasing Short

9,470

9.4611 GBP

17 3/11p ordinary

SWAP

Increasing Short

417

9.4424 GBP

17 3/11p ordinary

SWAP

Increasing Short

7

9.4730 GBP

17 3/11p ordinary

SWAP

Increasing Short

292

9.4501 GBP

17 3/11p ordinary

SWAP

Decreasing Short

31,959

9.4650 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 Sep 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213