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:

18 Jul 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:

10,638,868

1.09%

6,436,282

0.66%

(2) Cash-settled derivatives:

5,482,143

0.56%

9,322,396

0.96%

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

0

0.00%

0

0.00%

TOTAL: 

16,121,011

1.65%

15,758,678

1.62%

(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

584385

5.0330 GBP

4.9690 GBP

10p ordinary

Sale

683484

5.0387 GBP

4.9695 GBP

ADR

Purchase

20

13.0000 USD

13.0000 USD

ADR

Sale

20

13.0000 USD

13.0000 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

SWAP

Opening Long

20,132

4.9940 GBP

10p ordinary

CFD

Decreasing Short

769

4.9615 GBP

10p ordinary

CFD

Decreasing Short

104

4.9834 GBP

10p ordinary

CFD

Decreasing Short

112

4.9853 GBP

10p ordinary

CFD

Decreasing Short

3,680

5.0068 GBP

10p ordinary

CFD

Increasing Short

66

4.9839 GBP

10p ordinary

CFD

Increasing Short

5,200

4.9840 GBP

10p ordinary

CFD

Increasing Short

769

4.9844 GBP

10p ordinary

CFD

Increasing Short

56,365

4.9848 GBP

10p ordinary

CFD

Increasing Short

46

4.9930 GBP

10p ordinary

SWAP

Decreasing Short

1,986

4.9919 GBP

10p ordinary

SWAP

Decreasing Short

16,300

4.9972 GBP

10p ordinary

SWAP

Opening Long

45,447

4.9858 GBP

10p ordinary

SWAP

Decreasing Long

16,370

4.9840 GBP

10p ordinary

SWAP

Closing Long

9,418

5.0157 GBP

10p ordinary

SWAP

Increasing Long

2,410

4.9747 GBP

10p ordinary

SWAP

Increasing Long

945

4.9785 GBP

10p ordinary

SWAP

Increasing Long

1

4.9808 GBP

10p ordinary

SWAP

Increasing Long

1,423

4.9818 GBP

10p ordinary

SWAP

Increasing Long

529

4.9876 GBP

10p ordinary

SWAP

Increasing Long

11,802

4.9884 GBP

10p ordinary

SWAP

Increasing Long

117,268

4.9908 GBP

10p ordinary

SWAP

Increasing Long

283

4.9912 GBP

10p ordinary

SWAP

Increasing Long

49,358

4.9934 GBP

10p ordinary

SWAP

Increasing Long

381

4.9947 GBP

10p ordinary

SWAP

Increasing Long

480

4.9950 GBP

10p ordinary

SWAP

Increasing Long

1,075

4.9992 GBP

10p ordinary

SWAP

Increasing Long

333

4.9996 GBP

10p ordinary

SWAP

Increasing Long

1,606

4.9998 GBP

10p ordinary

SWAP

Increasing Long

1,272

5.0009 GBP

10p ordinary

SWAP

Increasing Long

713

5.0034 GBP

10p ordinary

SWAP

Increasing Long

1,393

5.0058 GBP

10p ordinary

SWAP

Increasing Long

404

5.0088 GBP

10p ordinary

SWAP

Increasing Long

1,208

5.0099 GBP

10p ordinary

SWAP

Increasing Long

1,061

5.0101 GBP

10p ordinary

SWAP

Increasing Long

1,583

5.0136 GBP

10p ordinary

SWAP

Increasing Long

1,834

5.0155 GBP

10p ordinary

SWAP

Increasing Long

333

5.0156 GBP

10p ordinary

SWAP

Increasing Long

2,139

5.0157 GBP

10p ordinary

SWAP

Increasing Long

2,410

5.0167 GBP

10p ordinary

SWAP

Increasing Long

667

5.0168 GBP

10p ordinary

SWAP

Increasing Long

409

5.0176 GBP

10p ordinary

SWAP

Increasing Long

1,457

5.0190 GBP

10p ordinary

SWAP

Increasing Long

4,728

5.0195 GBP

10p ordinary

SWAP

Increasing Long

9,899

5.0211 GBP

10p ordinary

SWAP

Increasing Long

914

5.0256 GBP

10p ordinary

SWAP

Increasing Long

2,658

5.0304 GBP

10p ordinary

SWAP

Increasing Long

2,888

5.0370 GBP

10p ordinary

SWAP

Increasing Long

2,034

5.0386 GBP

10p ordinary

SWAP

Decreasing Short

250

4.9620 GBP

10p ordinary

SWAP

Decreasing Short

2,099

4.9828 GBP

10p ordinary

SWAP

Decreasing Short

21,796

4.9836 GBP

10p ordinary

SWAP

Decreasing Short

5,677

4.9969 GBP

10p ordinary

SWAP

Decreasing Short

1,526

5.0010 GBP

10p ordinary

SWAP

Increasing Short

582

4.9815 GBP

10p ordinary

SWAP

Increasing Short

77,288

4.9840 GBP

10p ordinary

SWAP

Increasing Short

3,386

4.9848 GBP

10p ordinary

SWAP

Increasing Short

1,037

5.0026 GBP

10p ordinary

SWAP

Increasing Short

1,846

5.0108 GBP

10p ordinary

SWAP

Increasing Short

21,404

5.0125 GBP

10p ordinary

SWAP

Decreasing Short

80

4.9799 GBP

10p ordinary

SWAP

Decreasing Short

10,137

4.9839 GBP

10p ordinary

SWAP

Decreasing Short

1,062

4.9849 GBP

10p ordinary

SWAP

Decreasing Short

2,289

4.9869 GBP

10p ordinary

SWAP

Decreasing Short

355

5.0002 GBP

10p ordinary

SWAP

Decreasing Short

2,895

5.0050 GBP

10p ordinary

SWAP

Decreasing Short

6,433

5.0085 GBP

10p ordinary

SWAP

Decreasing Short

842

5.0113 GBP

10p ordinary

SWAP

Decreasing Short

5,447

5.0137 GBP

10p ordinary

SWAP

Increasing Short

8,418

4.9927 GBP

10p ordinary

SWAP

Increasing Short

1,806

5.0170 GBP

10p ordinary

SWAP

Increasing Short

12,592

5.0182 GBP

10p ordinary

SWAP

Increasing Short

18,373

5.0189 GBP

10p ordinary

SWAP

Increasing Short

3,967

5.0200 GBP

10p ordinary

SWAP

Increasing Short

20,953

5.0213 GBP

10p ordinary

SWAP

Increasing Short

10,756

5.0228 GBP

10p ordinary

SWAP

Increasing Short

1,616

5.0240 GBP

10p ordinary

SWAP

Decreasing Short

340

4.9927 GBP

10p ordinary

SWAP

Decreasing Short

14,451

5.0061 GBP

10p ordinary

SWAP

Increasing Short

2,406

4.9828 GBP

10p ordinary

SWAP

Increasing Short

66,277

4.9840 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:

19 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213