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:

05 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:

1,280,479

1.42%

1,195,730

1.33%

(2)

Cash-settled derivatives:

and/or controlled:

1,170,131

1.30%

1,279,395

1.42%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,450,610

2.72%

2,475,125

2.74%

(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

121,202

9.6275 GBP

9.3600 GBP

0.25p ordinary

Sale

139,975

9.6159 GBP

9.3725 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

735

9.4350 GBP

0.25p ordinary

SWAP

Increasing Short

324

9.4354 GBP

0.25p ordinary

SWAP

Increasing Long

751

9.4269 GBP

0.25p ordinary

SWAP

Decreasing Short

23

9.4199 GBP

0.25p ordinary

SWAP

Opening Long

10,039

9.4547 GBP

0.25p ordinary

SWAP

Increasing Long

592

9.5245 GBP

0.25p ordinary

SWAP

Increasing Long

2,046

9.4350 GBP

0.25p ordinary

SWAP

Closing Long

1,623

9.4350 GBP

0.25p ordinary

SWAP

Opening Short

7,941

9.4350 GBP

0.25p ordinary

SWAP

Decreasing Short

6,552

9.4350 GBP

0.25p ordinary

SWAP

Increasing Long

6

9.4269 GBP

0.25p ordinary

SWAP

Increasing Long

16

9.4269 GBP

0.25p ordinary

SWAP

Increasing Long

2,523

9.4264 GBP

0.25p ordinary

SWAP

Decreasing Long

8,913

9.5800 GBP

0.25p ordinary

SWAP

Increasing Long

52

9.4269 GBP

0.25p ordinary

SWAP

Increasing Long

578

9.4269 GBP

0.25p ordinary

SWAP

Increasing Long

291

9.5825 GBP

0.25p ordinary

SWAP

Decreasing Long

815

9.4524 GBP

0.25p ordinary

SWAP

Increasing Long

802

9.4309 GBP

0.25p ordinary

SWAP

Decreasing Long

216

9.5183 GBP

0.25p ordinary

SWAP

Increasing Long

2,026

9.4454 GBP

0.25p ordinary

SWAP

Increasing Long

641

9.4350 GBP

0.25p ordinary

SWAP

Increasing Long

244

9.4350 GBP

0.25p ordinary

SWAP

Increasing Short

1,406

9.5125 GBP

0.25p ordinary

SWAP

Increasing Short

379

9.4169 GBP

0.25p ordinary

SWAP

Opening Long

2

9.5450 GBP

0.25p ordinary

SWAP

Increasing Long

503

9.4568 GBP

0.25p ordinary

SWAP

Decreasing Long

70

9.4350 GBP

0.25p ordinary

CFD

Increasing Long

766

9.4902 GBP

0.25p ordinary

CFD

Decreasing Long

549

9.6033 GBP

0.25p ordinary

SWAP

Increasing Short

2,000

9.4009 GBP

0.25p ordinary

SWAP

Increasing Long

317

9.5825 GBP

0.25p ordinary

SWAP

Increasing Long

329

9.6159 GBP

0.25p ordinary

SWAP

Increasing Long

1,180

9.4196 GBP

0.25p ordinary

SWAP

Decreasing Short

5,148

9.4345 GBP

0.25p ordinary

SWAP

Increasing Short

4,070

9.5530 GBP

0.25p ordinary

SWAP

Decreasing Long

66

9.5213 GBP

0.25p ordinary

SWAP

Decreasing Long

260

9.5203 GBP

0.25p ordinary

SWAP

Increasing Long

688

9.4180 GBP

0.25p ordinary

SWAP

Decreasing Long

608

9.5825 GBP

0.25p ordinary

SWAP

Increasing Long

4,262

9.5800 GBP

0.25p ordinary

SWAP

Decreasing Long

400

9.4633 GBP

0.25p ordinary

SWAP

Decreasing Long

187

9.6275 GBP

0.25p ordinary

SWAP

Increasing Short

1,407

9.4894 GBP

0.25p ordinary

SWAP

Increasing Short

167

9.4350 GBP

0.25p ordinary

SWAP

Closing Long

2

9.4350 GBP

0.25p ordinary

SWAP

Opening Short

36

9.4350 GBP

0.25p ordinary

SWAP

Decreasing Long

187

9.4350 GBP

0.25p ordinary

SWAP

Increasing Long

187

9.4568 GBP

0.25p ordinary

SWAP

Increasing Long

3,625

9.5675 GBP

0.25p ordinary

SWAP

Increasing Short

2,305

9.5078 GBP

0.25p ordinary

SWAP

Decreasing Long

4

9.4350 GBP

0.25p ordinary

SWAP

Decreasing Long

1,995

9.5825 GBP

0.25p ordinary

SWAP

Increasing Long

3,310

9.5675 GBP

0.25p ordinary

SWAP

Increasing Long

212

9.4695 GBP

0.25p ordinary

SWAP

Decreasing Short

3,802

9.4350 GBP

0.25p ordinary

SWAP

Increasing Long

4,651

9.5800 GBP

0.25p ordinary

SWAP

Decreasing Long

6,935

9.5675 GBP

0.25p ordinary

SWAP

Increasing Long

954

9.5825 GBP

0.25p ordinary

SWAP

Decreasing Long

190

9.4439 GBP

0.25p ordinary

SWAP

Decreasing Short

235

9.6050 GBP

0.25p ordinary

SWAP

Increasing Long

1,041

9.5825 GBP

0.25p ordinary

SWAP

Increasing Long

3,440

9.4391 GBP

0.25p ordinary

SWAP

Increasing Long

3,978

9.4432 GBP

0.25p ordinary

SWAP

Decreasing Long

61

9.4350 GBP

0.25p ordinary

SWAP

Increasing Short

1,525

9.4888 GBP

0.25p ordinary

SWAP

Increasing Long

4,351

9.4431 GBP

0.25p ordinary

SWAP

Increasing Long

2,512

9.4350 GBP

0.25p ordinary

SWAP

Increasing Short

3,864

9.4456 GBP

0.25p ordinary

SWAP

Decreasing Long

1,126

9.4869 GBP

0.25p ordinary

SWAP

Decreasing Long

179

9.5600 GBP

0.25p ordinary

SWAP

Increasing Long

262

9.6100 GBP

0.25p ordinary

SWAP

Increasing Long

2,506

9.4988 GBP

0.25p ordinary

SWAP

Decreasing Long

9,091

9.4918 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:

08 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213