Form8.5EPT/NonRIGAMMACOMMUNICATIONSPLC Replacement

FORM 8.5 (EPT/NON-RI)

Amendment - this form replaces RNS number 8963C published at 08:01 on 05/05/2026, changes made to section 2A,3A,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:

01 May 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:

1,170,077

1.29%

750,969

0.83%

(2)

Cash-settled derivatives:

and/or controlled:

710,559

0.78%

1,162,769

1.28%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,880,636

2.07%

1,913,738

2.11%

(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

75,674

9.3280  GBP

8.9620  GBP

0.25p ordinary

Sale

122,305

9.3357  GBP

9.1400  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

6,986

9.1330  GBP

0.25p ordinary

SWAP

Decreasing Short

189

9.1340  GBP

0.25p ordinary

SWAP

Decreasing Short

1

9.1408  GBP

0.25p ordinary

SWAP

Decreasing Short

595

9.1907  GBP

0.25p ordinary

SWAP

Decreasing Short

2

9.1970  GBP

0.25p ordinary

SWAP

Decreasing Short

1,100

9.1987  GBP

0.25p ordinary

SWAP

Decreasing Short

696

9.2053  GBP

0.25p ordinary

SWAP

Decreasing Short

734

9.2150  GBP

0.25p ordinary

SWAP

Decreasing Short

1,881

9.2165  GBP

0.25p ordinary

SWAP

Decreasing Short

5,693

9.2167  GBP

0.25p ordinary

SWAP

Decreasing Short

37

9.2272  GBP

0.25p ordinary

SWAP

Decreasing Short

936

9.2334  GBP

0.25p ordinary

SWAP

Decreasing Short

140

9.2615  GBP

0.25p ordinary

SWAP

Decreasing Short

190

9.2617  GBP

0.25p ordinary

SWAP

Decreasing Short

4,694

9.2663  GBP

0.25p ordinary

SWAP

Decreasing Short

220

9.2860  GBP

0.25p ordinary

SWAP

Decreasing Short

666

9.2906  GBP

0.25p ordinary

SWAP

Decreasing Short

343

9.3009  GBP

0.25p ordinary

SWAP

Decreasing Short

766

9.3049  GBP

0.25p ordinary

SWAP

Decreasing Short

826

9.3056  GBP

0.25p ordinary

SWAP

Decreasing Short

648

9.3153  GBP

0.25p ordinary

SWAP

Decreasing Short

923

9.3169  GBP

0.25p ordinary

SWAP

Decreasing Short

11,080

9.3187  GBP

0.25p ordinary

SWAP

Decreasing Short

2,670

9.3188  GBP

0.25p ordinary

SWAP

Decreasing Short

12,295

9.3190  GBP

0.25p ordinary

SWAP

Decreasing Short

312

9.3258  GBP

0.25p ordinary

SWAP

Decreasing Short

5,529

9.3268  GBP

0.25p ordinary

SWAP

Decreasing Short

3,526

9.3275  GBP

0.25p ordinary

SWAP

Decreasing Short

29,014

9.3280  GBP

0.25p ordinary

SWAP

Decreasing Short

11,200

9.3314  GBP

0.25p ordinary

SWAP

Decreasing Short

389

9.3357  GBP

0.25p ordinary

SWAP

Increasing Short

15

8.9000  GBP

0.25p ordinary

SWAP

Increasing Short

122

9.0747  GBP

0.25p ordinary

SWAP

Increasing Short

12,500

9.1302  GBP

0.25p ordinary

SWAP

Increasing Short

6,986

9.1330  GBP

0.25p ordinary

SWAP

Increasing Short

1

9.1411  GBP

0.25p ordinary

SWAP

Increasing Short

943

9.1467  GBP

0.25p ordinary

SWAP

Increasing Short

1

9.1840  GBP

0.25p ordinary

SWAP

Increasing Short

6,873

9.2622  GBP

0.25p ordinary

SWAP

Increasing Short

4,755

9.2625  GBP

0.25p ordinary

SWAP

Increasing Short

583

9.2668  GBP

0.25p ordinary

SWAP

Increasing Short

559

9.2743  GBP

0.25p ordinary

SWAP

Increasing Short

3,322

9.2751  GBP

0.25p ordinary

SWAP

Increasing Short

1,919

9.2854  GBP

0.25p ordinary

SWAP

Increasing Short

1,386

9.2909  GBP

0.25p ordinary

SWAP

Increasing Short

245

9.2960  GBP

0.25p ordinary

SWAP

Increasing Short

1

9.3140  GBP

0.25p ordinary

SWAP

Increasing Short

396

9.3149  GBP

0.25p ordinary

SWAP

Increasing Short

12,295

9.3190  GBP

0.25p ordinary

SWAP

Increasing Short

182

9.3260  GBP

0.25p ordinary

SWAP

Increasing Short

1,374

9.3264  GBP

0.25p ordinary

SWAP

Increasing Short

814

9.3280  GBP

0.25p ordinary

SWAP

Increasing Short

2,813

8.9628  GBP

0.25p ordinary

SWAP

Increasing Short

2,812

9.0292  GBP

0.25p ordinary

SWAP

Increasing Short

2,813

9.2814  GBP

0.25p ordinary

CFD

Decreasing Short

5,981

9.1468  GBP

0.25p ordinary

CFD

Increasing Short

1,840

9.3287  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:

05 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213