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:

24 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:

12,267,869

1.26%

5,366,002

0.55%

(2) Cash-settled derivatives:

4,556,068

0.47%

10,930,989

1.12%

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

0

0.00%

0

0.00%

TOTAL: 

16,823,937

1.73%

16,296,991

1.67%

(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

1209906

5.1139 GBP

5.0460 GBP

10p ordinary

Sale

1281213

5.1117 GBP

5.0321 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

879

5.1043 GBP

10p ordinary

SWAP

Decreasing Long

1,138

5.0484 GBP

10p ordinary

CFD

Decreasing Long

2,294

5.0084 GBP

10p ordinary

SWAP

Decreasing Long

2,659

5.1117 GBP

10p ordinary

SWAP

Decreasing Long

4,546

5.0812 GBP

10p ordinary

SWAP

Decreasing Long

15,825

5.0929 GBP

10p ordinary

SWAP

Decreasing Long

19,764

5.0811 GBP

10p ordinary

SWAP

Decreasing Long

25,841

5.0980 GBP

10p ordinary

CFD

Decreasing Long

38,058

5.0701 GBP

10p ordinary

SWAP

Decreasing Long

42,586

5.0870 GBP

10p ordinary

SWAP

Decreasing Short

82

5.0975 GBP

10p ordinary

SWAP

Decreasing Short

740

5.0823 GBP

10p ordinary

SWAP

Decreasing Short

1,472

5.1084 GBP

10p ordinary

SWAP

Decreasing Short

2,107

5.1045 GBP

10p ordinary

SWAP

Decreasing Short

2,135

5.0807 GBP

10p ordinary

SWAP

Decreasing Short

3,859

5.1117 GBP

10p ordinary

SWAP

Decreasing Short

4,229

5.0680 GBP

10p ordinary

SWAP

Decreasing Short

4,599

5.1065 GBP

10p ordinary

SWAP

Decreasing Short

5,240

5.0905 GBP

10p ordinary

SWAP

Decreasing Short

9,179

5.1049 GBP

10p ordinary

SWAP

Decreasing Short

10,235

5.0785 GBP

10p ordinary

SWAP

Decreasing Short

11,909

5.0951 GBP

10p ordinary

SWAP

Decreasing Short

14,196

5.0980 GBP

10p ordinary

SWAP

Decreasing Short

22,466

5.0979 GBP

10p ordinary

SWAP

Decreasing Short

53,455

5.0876 GBP

10p ordinary

SWAP

Decreasing Short

53,557

5.0955 GBP

10p ordinary

SWAP

Decreasing Short

55,440

5.0976 GBP

10p ordinary

CFD

Increasing Long

872

5.0975 GBP

10p ordinary

CFD

Increasing Long

2,553

5.0979 GBP

10p ordinary

CFD

Increasing Long

5,755

5.0980 GBP

10p ordinary

CFD

Increasing Long

29,750

5.0517 GBP

10p ordinary

SWAP

Increasing Short

123

5.1020 GBP

10p ordinary

SWAP

Increasing Short

195

5.0480 GBP

10p ordinary

SWAP

Increasing Short

317

5.0460 GBP

10p ordinary

SWAP

Increasing Short

1,261

5.0495 GBP

10p ordinary

SWAP

Increasing Short

1,841

5.0834 GBP

10p ordinary

SWAP

Increasing Short

2,049

5.0586 GBP

10p ordinary

SWAP

Increasing Short

2,132

5.0538 GBP

10p ordinary

SWAP

Increasing Short

3,190

5.0840 GBP

10p ordinary

SWAP

Increasing Short

4,686

5.0900 GBP

10p ordinary

SWAP

Increasing Short

5,358

5.0756 GBP

10p ordinary

SWAP

Increasing Short

6,722

5.0692 GBP

10p ordinary

SWAP

Increasing Short

13,857

5.0980 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:

28-May-24

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213