Form8.5EPT/NonRIGAMMACOMMUNICATIONSPLC Replacement

FORM 8.5 (EPT/NON-RI)

Amendment - this form replaces RNS number 2290V published at 11:30 on 17/09/2026, changes made to section 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:

16 Sep 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:

1,824,953

2.05%

244,719

0.27%

(2)

Cash-settled derivatives:

and/or controlled:

240,500

0.27%

1,818,571

2.04%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,065,453

2.32%

2,063,290

2.31%

(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

209,068

11.3400 GBP

11.2000 GBP

0.25p ordinary

Sale

127,004

11.2813 GBP

11.1999 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

Opening Short

2,771

11.2131 GBP

0.25p ordinary

SWAP

Decreasing Short

12,344

11.1999 GBP

0.25p ordinary

SWAP

Decreasing Short

1,209

11.2562 GBP

0.25p ordinary

SWAP

Decreasing Long

347

11.2061 GBP

0.25p ordinary

SWAP

Decreasing Short

1,380

11.2575 GBP

0.25p ordinary

SWAP

Decreasing Long

20,129

11.2000 GBP

0.25p ordinary

SWAP

Increasing Short

77

11.2200 GBP

0.25p ordinary

SWAP

Increasing Short

70

11.2200 GBP

0.25p ordinary

SWAP

Decreasing Short

147

11.2200 GBP

0.25p ordinary

SWAP

Increasing Short

1,700

11.2180 GBP

0.25p ordinary

SWAP

Increasing Short

3,558

11.2091 GBP

0.25p ordinary

SWAP

Closing Short

19,043

11.2500 GBP

0.25p ordinary

SWAP

Decreasing Long

578

11.2000 GBP

0.25p ordinary

SWAP

Decreasing Short

7,511

11.2356 GBP

0.25p ordinary

SWAP

Increasing Short

13,500

11.2078 GBP

0.25p ordinary

SWAP

Increasing Short

5,190

11.2000 GBP

0.25p ordinary

SWAP

Opening Short

10

11.3400 GBP

0.25p ordinary

SWAP

Decreasing Long

570

11.2019 GBP

0.25p ordinary

SWAP

Decreasing Long

212

11.2019 GBP

0.25p ordinary

CFD

Decreasing Long

2,477

11.2847 GBP

0.25p ordinary

CFD

Increasing Short

1,097

11.2250 GBP

0.25p ordinary

CFD

Opening Short

677

11.2689 GBP

0.25p ordinary

SWAP

Increasing Short

1,263

11.2581 GBP

0.25p ordinary

SWAP

Decreasing Short

1,511

11.2229 GBP

0.25p ordinary

SWAP

Opening Short

40,000

11.2612 GBP

0.25p ordinary

SWAP

Opening Long

685

11.2000 GBP

0.25p ordinary

SWAP

Opening Short

754

11.2550 GBP

0.25p ordinary

SWAP

Increasing Long

2,000

11.2627 GBP

0.25p ordinary

SWAP

Decreasing Short

1,535

11.2115 GBP

0.25p ordinary

SWAP

Decreasing Short

1,329

11.2186 GBP

0.25p ordinary

SWAP

Increasing Short

1,697

11.2169 GBP

0.25p ordinary

SWAP

Increasing Short

5,632

11.2171 GBP

0.25p ordinary

SWAP

Increasing Short

564

11.2198 GBP

0.25p ordinary

SWAP

Decreasing Long

1,555

11.2000 GBP

0.25p ordinary

SWAP

Decreasing Short

823

11.2000 GBP

0.25p ordinary

SWAP

Increasing Short

13,500

11.2011 GBP

0.25p ordinary

SWAP

Increasing Short

10,286

11.2089 GBP

0.25p ordinary

SWAP

Closing Long

685

11.2550 GBP

0.25p ordinary

SWAP

Decreasing Short

3,464

11.2272 GBP

0.25p ordinary

SWAP

Decreasing Short

161

11.2617 GBP

0.25p ordinary

SWAP

Increasing Short

1,442

11.2091 GBP

0.25p ordinary

SWAP

Decreasing Long

990

11.2000 GBP

0.25p ordinary

SWAP

Decreasing Short

60

11.2000 GBP

0.25p ordinary

SWAP

Increasing Short

287

11.2200 GBP

0.25p ordinary

SWAP

Increasing Short

1,102

11.2550 GBP

0.25p ordinary

SWAP

Increasing Short

2,164

11.2000 GBP

0.25p ordinary

SWAP

Decreasing Long

181

11.2003 GBP

0.25p ordinary

SWAP

Increasing Short

34

11.3070 GBP

0.25p ordinary

SWAP

Decreasing Short

480

11.2000 GBP

0.25p ordinary

SWAP

Closing Short

1,181

11.2540 GBP

0.25p ordinary

SWAP

Decreasing Short

1,598

11.2481 GBP

0.25p ordinary

SWAP

Decreasing Long

9,025

11.2330 GBP

0.25p ordinary

SWAP

Increasing Short

4,639

11.2335 GBP

0.25p ordinary

SWAP

Decreasing Short

11,850

11.2500 GBP

0.25p ordinary

SWAP

Decreasing Short

103

11.2418 GBP

0.25p ordinary

SWAP

Increasing Short

1,584

11.2227 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:

17 Sep 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213