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:

17 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:

11,771,079

1.21%

6,854,133

0.70%

(2) Cash-settled derivatives:

5,925,500

0.61%

10,372,731

1.06%

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

0

0.00%

0

0.00%

TOTAL: 

17,696,579

1.82%

17,226,864

1.77%

(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)

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

1356237

4.4990 GBP

4.4420 GBP

10p ordinary

Sale

788732

4.4990 GBP

4.4420 GBP

ADR

Purchase

2000

11.0900 USD

11.0900 USD

ADR

Sale

2000

11.0900 USD

11.0900 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

Decreasing Long

3

4.4551 GBP

10p ordinary

SWAP

Decreasing Long

13

4.4561 GBP

10p ordinary

SWAP

Decreasing Long

25

4.4605 GBP

10p ordinary

SWAP

Decreasing Long

30

4.4787 GBP

10p ordinary

SWAP

Decreasing Long

41

4.4535 GBP

10p ordinary

SWAP

Decreasing Long

62

4.4649 GBP

10p ordinary

SWAP

Decreasing Long

68

4.4670 GBP

10p ordinary

SWAP

Decreasing Long

68

4.4752 GBP

10p ordinary

SWAP

Decreasing Long

153

4.4655 GBP

10p ordinary

SWAP

Decreasing Long

153

4.4600 GBP

10p ordinary

SWAP

Decreasing Long

166

4.4643 GBP

10p ordinary

SWAP

Decreasing Long

185

4.4437 GBP

10p ordinary

SWAP

Decreasing Long

1,071

4.4658 GBP

10p ordinary

CFD

Decreasing Long

1,279

4.4646 GBP

10p ordinary

SWAP

Decreasing Long

1,848

4.4665 GBP

10p ordinary

CFD

Decreasing Long

2,435

4.4600 GBP

10p ordinary

SWAP

Decreasing Long

2,500

4.4756 GBP

10p ordinary

CFD

Decreasing Long

3,235

4.4635 GBP

10p ordinary

CFD

Decreasing Long

11,925

4.4499 GBP

10p ordinary

CFD

Decreasing Long

19,956

4.4645 GBP

10p ordinary

CFD

Decreasing Long

26,450

4.4544 GBP

10p ordinary

SWAP

Decreasing Short

20

4.4499 GBP

10p ordinary

SWAP

Decreasing Short

41

4.4549 GBP

10p ordinary

SWAP

Decreasing Short

221

4.4436 GBP

10p ordinary

SWAP

Decreasing Short

362

4.4419 GBP

10p ordinary

SWAP

Decreasing Short

970

4.4678 GBP

10p ordinary

SWAP

Decreasing Short

1,126

4.4693 GBP

10p ordinary

SWAP

Decreasing Short

2,970

4.4762 GBP

10p ordinary

SWAP

Decreasing Short

6,104

4.4713 GBP

10p ordinary

SWAP

Decreasing Short

18,480

4.4599 GBP

10p ordinary

SWAP

Decreasing Short

45,503

4.4612 GBP

10p ordinary

CFD

Increasing Long

647

4.4626 GBP

10p ordinary

CFD

Increasing Long

1,353

4.4617 GBP

10p ordinary

SWAP

Increasing Long

1,848

4.4665 GBP

10p ordinary

CFD

Increasing Long

4,173

4.4596 GBP

10p ordinary

CFD

Increasing Long

19,940

4.4600 GBP

10p ordinary

CFD

Increasing Long

20,870

4.4597 GBP

10p ordinary

SWAP

Increasing Short

471

4.4790 GBP

10p ordinary

SWAP

Increasing Short

1,276

4.4400 GBP

10p ordinary

SWAP

Increasing Short

1,777

4.4596 GBP

10p ordinary

SWAP

Increasing Short

2,013

4.4478 GBP

10p ordinary

SWAP

Increasing Short

2,212

4.4573 GBP

10p ordinary

SWAP

Increasing Short

2,616

4.4540 GBP

10p ordinary

SWAP

Increasing Short

3,294

4.4420 GBP

10p ordinary

SWAP

Increasing Short

6,538

4.4678 GBP

10p ordinary

SWAP

Increasing Short

7,624

4.4746 GBP

10p ordinary

SWAP

Increasing Short

9,957

4.4657 GBP

10p ordinary

SWAP

Increasing Short

16,081

4.4621 GBP

10p ordinary

SWAP

Increasing Short

20,589

4.4602 GBP

10p ordinary

SWAP

Increasing Short

28,536

4.4642 GBP

10p ordinary

SWAP

Increasing Short

41,058

4.4644 GBP

10p ordinary

SWAP

Increasing Short

59,696

4.4613 GBP

10p ordinary

SWAP

Increasing Short

63,248

4.4635 GBP

10p ordinary

SWAP

Increasing Short

72,710

4.4600 GBP

10p ordinary

SWAP

Increasing Short

83,834

4.4599 GBP

10p ordinary

SWAP

Increasing Short

130,955

4.4632 GBP

10p ordinary

SWAP

Opening Short

63,900

4.4955 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:

18 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213