Form 8.5 (EPT/NON-RI)Micro Focus International 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

MICRO FOCUS INTERNATIONAL PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

Open Text Corporation

principal trader is connected

(d)

Date position held/dealing undertaken:

26 August 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:

10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

5,525,311

1.64%

3,852,348

1.15%

(2)

Cash-settled derivatives:

3,808,353

1.13%

5,448,263

1.62%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,333,664

2.78%

9,300,611

2.77%

(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)

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

10p ordinary

Purchase

3,754,305

5.2140 GBP

5.1312 GBP

10p ordinary

Sale

2,664,254

5.2463 GBP

5.125 GBP

ADR

Purchase

270,000

6.1100 USD

6.06 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

10p ordinary

 SWAP

Opening Long

869

5.1312 GBP

10p ordinary

 CFD

Opening Long

2,011

5.1908 GBP

10p ordinary

 SWAP

Opening Long

3,730

5.1989 GBP

10p ordinary

 SWAP

Opening Long

5,006

5.1998 GBP

10p ordinary

 SWAP

Opening Long

6,246

5.1917 GBP

10p ordinary

 CFD

Opening Long

8,000

5.1976 GBP

10p ordinary

 CFD

Opening Long

10,000

5.1995 GBP

10p ordinary

 SWAP

Opening Long

12,715

5.2043 GBP

10p ordinary

 CFD

Opening Long

23,292

5.1589 GBP

10p ordinary

 SWAP

Opening Long

25,399

5.1974 GBP

10p ordinary

 CFD

Opening Long

37,313

5.1844 GBP

10p ordinary

 SWAP

Opening Long

38,352

5.1991 GBP

10p ordinary

 SWAP

Opening Long

40,000

5.1992 GBP

10p ordinary

 SWAP

Opening Long

49,000

5.1302 GBP

10p ordinary

 SWAP

Opening Long

65,814

5.1996 GBP

10p ordinary

 CFD

Opening Long

76,000

5.1867 GBP

10p ordinary

 CFD

Opening Long

194,000

5.1866 GBP

10p ordinary

 CFD

Opening Long

289,401

5.2015 GBP

10p ordinary

 SWAP

Opening Long

1,250,000

5.2463 GBP

10p ordinary

 SWAP

Opening Short

41

5.1245 GBP

10p ordinary

 SWAP

Opening Short

159

5.1251 GBP

10p ordinary

 SWAP

Opening Short

246

5.1780 GBP

10p ordinary

 SWAP

Opening Short

2,532

5.1641 GBP

10p ordinary

 SWAP

Opening Short

2,995

5.1331 GBP

10p ordinary

 SWAP

Opening Short

52,182

5.1785 GBP

10p ordinary

 SWAP

Opening Short

69,079

5.1736 GBP

10p ordinary

 SWAP

Opening Short

120,000

5.1651 GBP

10p ordinary

 SWAP

Opening Short

177,604

5.1999 GBP

10p ordinary

 SWAP

Opening Short

177,605

5.1434 GBP

10p ordinary

 SWAP

Opening Short

177,605

5.2020 GBP

10p ordinary

 SWAP

Opening Short

177,606

5.1478 GBP

10p ordinary

 SWAP

Opening Short

252,300

5.2019 GBP

10p ordinary

 SWAP

Opening Short

627,205

5.2140 GBP

10p ordinary

 SWAP

Opening Short

819,375

5.1736 GBP

10p ordinary

 SWAP

Opening Long

95,759

5.1960 GBP

10p ordinary

 CFD

Opening Long

76,000

6.1100 USD

10p ordinary

 CFD

Opening Long

194,000

6.0600 USD

10p ordinary

 CFD

Opening Long

270,000

6.0650 USD

(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:

29 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213