Form 8.5 EPT/Non RI GAMMA COMMUNICATIONS 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

GAMMA COMMUNICATIONS PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

GAMMA COMMUNICATIONS PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

09 Jun 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:

0.25p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

1,216,930

1.35%

1,279,518

1.42%

(2)

Cash-settled derivatives:

and/or controlled:

1,255,488

1.39%

1,216,333

1.35%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,472,418

2.74%

2,495,851

2.77%

(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

0.25p ordinary

Purchase

95,197

9.5150 GBP

9.3900 GBP

0.25p ordinary

Sale

132,446

9.5100 GBP

9.3900 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

0.25p ordinary

SWAP

Increasing Long

146

9.4050 GBP

0.25p ordinary

SWAP

Decreasing Short

1,081

9.4045 GBP

0.25p ordinary

SWAP

Increasing Long

403

9.4473 GBP

0.25p ordinary

SWAP

Increasing Short

424

9.4312 GBP

0.25p ordinary

SWAP

Increasing Long

7,801

9.4392 GBP

0.25p ordinary

SWAP

Increasing Long

535

9.4438 GBP

0.25p ordinary

SWAP

Increasing Long

2,463

9.4050 GBP

0.25p ordinary

SWAP

Closing Long

1,643

9.4050 GBP

0.25p ordinary

SWAP

Opening Short

4,785

9.4050 GBP

0.25p ordinary

SWAP

Closing Short

2,113

9.4050 GBP

0.25p ordinary

SWAP

Opening Long

1,739

9.4050 GBP

0.25p ordinary

SWAP

Increasing Long

5

9.4117 GBP

0.25p ordinary

SWAP

Increasing Long

15

9.4117 GBP

0.25p ordinary

SWAP

Increasing Long

63

9.4278 GBP

0.25p ordinary

SWAP

Increasing Long

2,821

9.4204 GBP

0.25p ordinary

SWAP

Increasing Long

49

9.4113 GBP

0.25p ordinary

SWAP

Increasing Long

543

9.4113 GBP

0.25p ordinary

SWAP

Increasing Long

3,078

9.4204 GBP

0.25p ordinary

SWAP

Decreasing Long

6,008

9.4338 GBP

0.25p ordinary

SWAP

Increasing Long

81

9.4350 GBP

0.25p ordinary

SWAP

Decreasing Long

18

9.4600 GBP

0.25p ordinary

SWAP

Decreasing Long

4

9.4239 GBP

0.25p ordinary

SWAP

Decreasing Long

3

9.4441 GBP

0.25p ordinary

SWAP

Increasing Short

94

9.4050 GBP

0.25p ordinary

SWAP

Decreasing Short

2

9.4400 GBP

0.25p ordinary

SWAP

Increasing Long

2,105

9.4295 GBP

0.25p ordinary

SWAP

Increasing Long

783

9.4295 GBP

0.25p ordinary

CFD

Decreasing Long

146

9.4082 GBP

0.25p ordinary

SWAP

Increasing Long

3,368

9.4204 GBP

0.25p ordinary

SWAP

Decreasing Long

3,812

9.4273 GBP

0.25p ordinary

SWAP

Increasing Long

1,212

9.4104 GBP

0.25p ordinary

SWAP

Decreasing Short

2,909

9.4045 GBP

0.25p ordinary

SWAP

Decreasing Short

333

9.4248 GBP

0.25p ordinary

SWAP

Decreasing Long

57

9.4390 GBP

0.25p ordinary

SWAP

Decreasing Long

227

9.4381 GBP

0.25p ordinary

SWAP

Increasing Long

318

9.4425 GBP

0.25p ordinary

SWAP

Decreasing Long

193

9.4338 GBP

0.25p ordinary

SWAP

Increasing Long

2

9.4050 GBP

0.25p ordinary

SWAP

Decreasing Long

10

9.4296 GBP

0.25p ordinary

SWAP

Decreasing Short

312

9.4000 GBP

0.25p ordinary

SWAP

Decreasing Short

776

9.4496 GBP

0.25p ordinary

SWAP

Increasing Long

636

9.4125 GBP

0.25p ordinary

SWAP

Decreasing Long

35

9.4050 GBP

0.25p ordinary

SWAP

Increasing Long

14

9.4276 GBP

0.25p ordinary

SWAP

Decreasing Short

9,037

9.4050 GBP

0.25p ordinary

SWAP

Decreasing Long

140

9.4260 GBP

0.25p ordinary

SWAP

Decreasing Short

646

9.4321 GBP

0.25p ordinary

SWAP

Increasing Long

412

9.4119 GBP

0.25p ordinary

SWAP

Decreasing Short

754

9.4056 GBP

0.25p ordinary

SWAP

Increasing Long

5,743

9.4050 GBP

0.25p ordinary

SWAP

Increasing Short

638

9.4293 GBP

0.25p ordinary

SWAP

Increasing Long

925

9.4187 GBP

0.25p ordinary

SWAP

Decreasing Short

2,452

9.4448 GBP

0.25p ordinary

SWAP

Decreasing Long

502

9.4187 GBP

0.25p ordinary

SWAP

Increasing Short

1,568

9.4080 GBP

0.25p ordinary

SWAP

Decreasing Long

352

9.4021 GBP

0.25p ordinary

SWAP

Increasing Long

975

9.4377 GBP

0.25p ordinary

SWAP

Increasing Long

734

9.4098 GBP

0.25p ordinary

SWAP

Increasing Long

4,110

9.4492 GBP

0.25p ordinary

SWAP

Decreasing Long

3,240

9.4291 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:

10 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213