Form 8.5 (EPT/NON-RI)BIFFA 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

BIFFA PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

Energy Capital Partners, LLC

principal trader is connected

(d)

Date position held/dealing undertaken:

29 September 2022

(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:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

14,838,724

4.85%

3,276,640

1.07%

(2)

Cash-settled derivatives:

2,846,929

0.93%

14,741,602

4.82%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,685,653

5.78%

18,018,242

5.89%

(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

1p ordinary

Purchase

2,098,744

4.1800 GBP

4.0881 GBP

1p ordinary

Sale

1,133,156

4.1800 GBP

4.09 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

 SWAP

Decreasing Long

55

4.1313 GBP

1p ordinary

 SWAP

Decreasing Long

400

4.1055 GBP

1p ordinary

 SWAP

Decreasing Long

526

4.1357 GBP

1p ordinary

 SWAP

Decreasing Long

1,351

4.1440 GBP

1p ordinary

 SWAP

Decreasing Long

2,727

4.1341 GBP

1p ordinary

 SWAP

Decreasing Long

3,773

4.1395 GBP

1p ordinary

 SWAP

Decreasing Long

9,499

4.1316 GBP

1p ordinary

 SWAP

Decreasing Long

10,734

4.1343 GBP

1p ordinary

 SWAP

Decreasing Long

15,324

4.1242 GBP

1p ordinary

 SWAP

Decreasing Long

16,187

4.1267 GBP

1p ordinary

 SWAP

Decreasing Long

19,235

4.1389 GBP

1p ordinary

 SWAP

Decreasing Long

19,285

4.1296 GBP

1p ordinary

 SWAP

Decreasing Long

19,690

4.1249 GBP

1p ordinary

 SWAP

Decreasing Long

23,546

4.0994 GBP

1p ordinary

 SWAP

Decreasing Long

26,708

4.1272 GBP

1p ordinary

 SWAP

Decreasing Long

26,974

4.1349 GBP

1p ordinary

 SWAP

Decreasing Long

27,856

4.1245 GBP

1p ordinary

 SWAP

Decreasing Long

27,956

4.1278 GBP

1p ordinary

 SWAP

Decreasing Long

39,271

4.1252 GBP

1p ordinary

 SWAP

Decreasing Long

45,169

4.1190 GBP

1p ordinary

 SWAP

Decreasing Long

55,328

4.1308 GBP

1p ordinary

 SWAP

Decreasing Long

59,631

4.1253 GBP

1p ordinary

 SWAP

Decreasing Long

70,264

4.1337 GBP

1p ordinary

 SWAP

Decreasing Long

78,831

4.1330 GBP

1p ordinary

 SWAP

Decreasing Long

80,666

4.1352 GBP

1p ordinary

 SWAP

Decreasing Long

155,666

4.1400 GBP

1p ordinary

 SWAP

Decreasing Long

159,258

4.1320 GBP

1p ordinary

 SWAP

Decreasing Long

250,000

4.1120 GBP

1p ordinary

 SWAP

Decreasing Long

256,763

4.1017 GBP

1p ordinary

 SWAP

Decreasing Long

750,000

4.1420 GBP

1p ordinary

 CFD

Decreasing Short

744

4.1086 GBP

1p ordinary

 CFD

Decreasing Short

6,885

4.1347 GBP

1p ordinary

 CFD

Decreasing Short

8,250

4.1229 GBP

1p ordinary

 SWAP

Increasing Short

31

4.1399 GBP

1p ordinary

 SWAP

Increasing Short

206

4.1248 GBP

1p ordinary

 SWAP

Increasing Short

805

4.0919 GBP

1p ordinary

 SWAP

Increasing Short

2,199

4.0899 GBP

1p ordinary

 SWAP

Increasing Short

3,199

4.1167 GBP

1p ordinary

 SWAP

Increasing Short

6,635

4.1159 GBP

1p ordinary

 SWAP

Increasing Short

24,101

4.1304 GBP

1p ordinary

 SWAP

Increasing Short

180,818

4.1312 GBP

1p ordinary

 SWAP

Opening Short

170

4.1364 GBP

1p ordinary

 SWAP

Opening Short

400

4.1055 GBP

1p ordinary

 SWAP

Opening Short

900

4.1251 GBP

1p ordinary

 SWAP

Opening Short

19,690

4.1249 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:

30 Sep 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213