Form8.5EPT/NonRIGAMMACOMMUNICATIONSPLC Replacement

FORM 8.5 (EPT/NON-RI) Amendment - this form replaces RNS number 3201B published at 10:04 on 21/04/2026, changes made to section 2A,3A

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

GAMMA COMMUNICATIONS PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

GAMMA COMMUNICATIONS PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

20 Apr 2026

(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:

0.25p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

1,514,129

1.67%

560,000

0.61%

(2)

Cash-settled derivatives:

and/or controlled:

483,902

0.53%

1,466,730

1.61%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,998,031

2.20%

2,026,730

2.22%

(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

0.25p ordinary

Purchase

125,711

9.3287 GBP

9.0910 GBP

0.25p ordinary

Sale

192,173

9.3262 GBP

9.1684 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

0.25p ordinary

SWAP

Decreasing Short

33

9.1684 GBP

0.25p ordinary

SWAP

Decreasing Short

246

9.1771 GBP

0.25p ordinary

SWAP

Decreasing Short

1,900

9.1845 GBP

0.25p ordinary

SWAP

Decreasing Short

228

9.1921 GBP

0.25p ordinary

SWAP

Decreasing Short

149

9.1943 GBP

0.25p ordinary

SWAP

Decreasing Short

11,010

9.1971 GBP

0.25p ordinary

SWAP

Decreasing Short

346

9.2016 GBP

0.25p ordinary

SWAP

Decreasing Short

236

9.2080 GBP

0.25p ordinary

SWAP

Decreasing Short

9

9.2111 GBP

0.25p ordinary

SWAP

Decreasing Short

3,511

9.2122 GBP

0.25p ordinary

SWAP

Decreasing Short

64

9.2125 GBP

0.25p ordinary

SWAP

Decreasing Short

820

9.2183 GBP

0.25p ordinary

SWAP

Decreasing Short

1,420

9.2191 GBP

0.25p ordinary

SWAP

Decreasing Short

14

9.2251 GBP

0.25p ordinary

SWAP

Decreasing Short

290

9.2261 GBP

0.25p ordinary

SWAP

Decreasing Short

20

9.2318 GBP

0.25p ordinary

SWAP

Decreasing Short

4,760

9.2339 GBP

0.25p ordinary

SWAP

Decreasing Short

1,384

9.2355 GBP

0.25p ordinary

SWAP

Decreasing Short

2,972

9.2356 GBP

0.25p ordinary

SWAP

Decreasing Short

3,049

9.2390 GBP

0.25p ordinary

SWAP

Decreasing Short

2,248

9.2395 GBP

0.25p ordinary

SWAP

Decreasing Short

10,120

9.2400 GBP

0.25p ordinary

SWAP

Decreasing Short

696

9.2402 GBP

0.25p ordinary

SWAP

Decreasing Short

11

9.2468 GBP

0.25p ordinary

SWAP

Decreasing Short

9,724

9.2557 GBP

0.25p ordinary

SWAP

Decreasing Short

1,579

9.2571 GBP

0.25p ordinary

SWAP

Decreasing Short

1,818

9.2694 GBP

0.25p ordinary

SWAP

Decreasing Short

145

9.2723 GBP

0.25p ordinary

SWAP

Decreasing Short

32,958

9.2833 GBP

0.25p ordinary

SWAP

Decreasing Short

1,127

9.2986 GBP

0.25p ordinary

SWAP

Decreasing Short

424

9.2999 GBP

0.25p ordinary

SWAP

Decreasing Short

1,161

9.3060 GBP

0.25p ordinary

SWAP

Decreasing Short

113

9.3120 GBP

0.25p ordinary

SWAP

Decreasing Short

7,800

9.3192 GBP

0.25p ordinary

SWAP

Decreasing Short

113

9.3262 GBP

0.25p ordinary

SWAP

Increasing Short

2,813

9.0918 GBP

0.25p ordinary

SWAP

Increasing Short

6,978

9.1416 GBP

0.25p ordinary

SWAP

Increasing Short

2,812

9.1693 GBP

0.25p ordinary

SWAP

Increasing Short

20

9.2000 GBP

0.25p ordinary

SWAP

Increasing Short

158

9.2160 GBP

0.25p ordinary

SWAP

Increasing Short

1,042

9.2265 GBP

0.25p ordinary

SWAP

Increasing Short

497

9.2266 GBP

0.25p ordinary

SWAP

Increasing Short

13,383

9.2400 GBP

0.25p ordinary

SWAP

Increasing Short

462

9.2458 GBP

0.25p ordinary

SWAP

Increasing Short

406

9.2796 GBP

0.25p ordinary

SWAP

Increasing Short

40

9.3135 GBP

0.25p ordinary

CFD

Decreasing Short

289

9.2062 GBP

0.25p ordinary

CFD

Increasing Short

2,144

9.3174 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:

22 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213