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:

22 Apr 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:

12,926,609

1.33%

7,206,599

0.74%

(2) Cash-settled derivatives:

5,858,857

0.60%

11,483,181

1.18%

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

0

0.00%

0

0.00%

TOTAL: 

18,785,466

1.93%

18,689,780

1.92%

(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

894212

4.5600 GBP

4.4630 GBP

10p ordinary

Sale

874825

4.5600 GBP

4.4666 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

3

4.5473 GBP

10p ordinary

SWAP

Decreasing Long

16

4.5141 GBP

10p ordinary

SWAP

Decreasing Long

65

4.5337 GBP

10p ordinary

SWAP

Decreasing Long

79

4.5113 GBP

10p ordinary

SWAP

Decreasing Long

92

4.5160 GBP

10p ordinary

SWAP

Decreasing Long

116

4.5180 GBP

10p ordinary

SWAP

Decreasing Long

123

4.5085 GBP

10p ordinary

SWAP

Decreasing Long

206

4.5018 GBP

10p ordinary

SWAP

Decreasing Long

251

4.4977 GBP

10p ordinary

SWAP

Decreasing Long

1,202

4.5009 GBP

10p ordinary

CFD

Decreasing Long

1,979

4.4613 GBP

10p ordinary

CFD

Decreasing Long

34,181

4.4799 GBP

10p ordinary

CFD

Decreasing Long

48,468

4.4943 GBP

10p ordinary

SWAP

Decreasing Short

356

4.4610 GBP

10p ordinary

SWAP

Decreasing Short

578

4.5090 GBP

10p ordinary

SWAP

Decreasing Short

1,907

4.4965 GBP

10p ordinary

SWAP

Decreasing Short

3,738

4.5161 GBP

10p ordinary

SWAP

Decreasing Short

3,752

4.5087 GBP

10p ordinary

SWAP

Decreasing Short

7,338

4.4931 GBP

10p ordinary

SWAP

Decreasing Short

10,223

4.5179 GBP

10p ordinary

SWAP

Decreasing Short

13,734

4.5354 GBP

10p ordinary

SWAP

Decreasing Short

17,565

4.5038 GBP

10p ordinary

SWAP

Decreasing Short

17,884

4.5371 GBP

10p ordinary

SWAP

Decreasing Short

18,329

4.5146 GBP

10p ordinary

SWAP

Decreasing Short

57,109

4.5258 GBP

10p ordinary

CFD

Increasing Long

3,475

4.4606 GBP

10p ordinary

CFD

Increasing Long

16,240

4.5023 GBP

10p ordinary

CFD

Increasing Long

21,500

4.5176 GBP

10p ordinary

CFD

Increasing Long

46,888

4.5008 GBP

10p ordinary

SWAP

Increasing Short

595

4.4660 GBP

10p ordinary

SWAP

Increasing Short

692

4.5130 GBP

10p ordinary

SWAP

Increasing Short

1,436

4.4875 GBP

10p ordinary

SWAP

Increasing Short

1,990

4.5201 GBP

10p ordinary

SWAP

Increasing Short

4,441

4.5283 GBP

10p ordinary

SWAP

Increasing Short

4,622

4.5248 GBP

10p ordinary

SWAP

Increasing Short

4,639

4.5276 GBP

10p ordinary

SWAP

Increasing Short

9,622

4.5295 GBP

10p ordinary

SWAP

Increasing Short

12,437

4.5038 GBP

10p ordinary

SWAP

Increasing Short

19,950

4.5282 GBP

10p ordinary

SWAP

Increasing Short

25,197

4.5164 GBP

10p ordinary

SWAP

Increasing Short

26,528

4.5005 GBP

10p ordinary

SWAP

Increasing Short

27,600

4.5548 GBP

10p ordinary

SWAP

Increasing Short

34,838

4.5180 GBP

10p ordinary

SWAP

Increasing Short

36,351

4.5153 GBP

10p ordinary

SWAP

Increasing Short

57,096

4.5135 GBP

10p ordinary

SWAP

Opening Short

246

4.5136 GBP

10p ordinary

SWAP

Opening Short

5,980

4.5182 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:

23 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213