Form8.5EPT/NonRIGAMMACOMMUNICATIONSPLC Replacement

FORM 8.5 (EPT/NON-RI) Amendment - this form replaces RNS number 1466Z  published at 11:37 on 15/10/2026 , changes made to section 2A,3B

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:

14 Oct 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:

2,432,502

2.72%

117,520

0.13%

(2)

Cash-settled derivatives:

and/or controlled:

97,378

0.11%

2,424,231

2.72%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,529,880

2.83%

2,541,751

2.85%

(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

348,685

10.9400 GBP

10.9200 GBP

0.25p ordinary

Sale

181,175

10.9400 GBP

10.9200 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 Long

1,520

10.9300 GBP

0.25p ordinary

SWAP

Decreasing Long

16,887

10.9300 GBP

0.25p ordinary

SWAP

Decreasing Long

214

10.9221 GBP

0.25p ordinary

SWAP

Increasing Short

393

10.9215 GBP

0.25p ordinary

SWAP

Decreasing Short

2

10.9350 GBP

0.25p ordinary

SWAP

Decreasing Short

12

10.9500 GBP

0.25p ordinary

SWAP

Closing Short

4,013

10.9294 GBP

0.25p ordinary

SWAP

Opening Long

2,941

10.9294 GBP

0.25p ordinary

SWAP

Increasing Short

2,874

10.9370 GBP

0.25p ordinary

SWAP

Opening Short

1,381

10.9409 GBP

0.25p ordinary

SWAP

Opening Short

513

10.9409 GBP

0.25p ordinary

CFD

Decreasing Short

375

10.9293 GBP

0.25p ordinary

SWAP

Increasing Short

12,199

10.9322 GBP

0.25p ordinary

SWAP

Opening Long

5,481

10.9256 GBP

0.25p ordinary

SWAP

Decreasing Long

39

10.9290 GBP

0.25p ordinary

SWAP

Increasing Short

2,270

10.9319 GBP

0.25p ordinary

SWAP

Increasing Short

518

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

244

10.9289 GBP

0.25p ordinary

SWAP

Increasing Long

2,100

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

10,343

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

413

10.9326 GBP

0.25p ordinary

SWAP

Increasing Short

154

10.9326 GBP

0.25p ordinary

SWAP

Decreasing Long

94,569

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

386

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

3,476

10.9335 GBP

0.25p ordinary

SWAP

Decreasing Long

1,040

10.9303 GBP

0.25p ordinary

SWAP

Increasing Short

1,684

10.9241 GBP

0.25p ordinary

SWAP

Increasing Short

1,113

10.9282 GBP

0.25p ordinary

SWAP

Increasing Short

413

10.9282 GBP

0.25p ordinary

SWAP

Increasing Short

4,529

10.9290 GBP

0.25p ordinary

SWAP

Decreasing Short

732

10.9300 GBP

0.25p ordinary

SWAP

Decreasing Long

2,686

10.9300 GBP

0.25p ordinary

SWAP

Decreasing Short

720

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

676

10.9300 GBP

0.25p ordinary

SWAP

Decreasing Long

573

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

2,892

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

573

10.9269 GBP

0.25p ordinary

SWAP

Closing Long

742

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

4,191

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

8,957

10.9300 GBP

0.25p ordinary

SWAP

Decreasing Short

240

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

4,847

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

96

10.9300 GBP

0.25p ordinary

SWAP

Decreasing Short

1,940

10.9300 GBP

0.25p ordinary

SWAP

Increasing Short

2,927

10.9300 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:

29 Oct 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213