CYBG : Form 8.5 (EPT/RI) CYBG Plc

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the 'Code')

1. KEY INFORMATION

(a) Name of exempt principal trader:	Deutsche Bank AG London
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	CYBG plc
(c) Name of the party to the offer with which exempt principal trader is connected:	CYBG plc
(d) Date dealing undertaken:	12/10/2018
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state 'N/A'	Yes - Virgin Money Holdings (UK) Plc

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
10p ordinary	Purchase	2,537,085	2.9120 GBP	2.8640 GBP
10p ordinary	Sales	2,683,354	2.9120 GBP	2.8640 GBP

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
10p ordinary	Swap	Long	55	2.9116GBP
10p ordinary	Swap	Long	530	2.8860GBP
10p ordinary	Swap	Long	5,187	2.8904GBP
10p ordinary	Swap	Long	8,730	2.8916GBP
10p ordinary	Swap	Long	8,890	2.8900GBP
10p ordinary	Swap	Long	10,131	2.8758GBP
10p ordinary	Swap	Long	10,966	2.8939GBP
10p ordinary	Swap	Long	17,946	2.8991GBP
10p ordinary	Swap	Long	23,030	2.8930GBP
10p ordinary	Swap	Long	30,363	2.8991GBP
10p ordinary	Swap	Long	49,037	2.8901GBP
10p ordinary	Swap	Long	136,580	2.8901GBP
10p ordinary	Swap	Long	385,039	2.8893GBP
10p ordinary	Swap	Short	37	2.8640GBP
10p ordinary	Swap	Short	47	2.8640GBP
10p ordinary	Swap	Short	47	2.8640GBP
10p ordinary	Swap	Short	3,463	2.8859GBP
10p ordinary	Swap	Short	6,621	2.8873GBP
10p ordinary	Swap	Short	8,784	2.8644GBP
10p ordinary	Swap	Short	8,890	2.8782GBP
10p ordinary	Swap	Short	26,900	2.8782GBP
10p ordinary	Swap	Short	640,000	2.8831GBP
CDI	Swap	Long	295	5.4700AUD
CDI	Swap	Long	313	5.4700AUD
CDI	Swap	Long	3,127	5.3695AUD
CDI	Swap	Long	4,607	5.4587AUD
CDI	Swap	Long	4,976	5.4601AUD
CDI	Swap	Long	9,281	5.4461AUD
CDI	Swap	Long	99,926	5.4069AUD
CDI	Swap	Long	120,063	5.4439AUD
CDI	Swap	Long	298,642	5.3498AUD
CDI	Swap	Long	298,642	2.9300GBP
CDI	Swap	Long	298,642	5.4498AUD
CDI	Swap	Short	295	5.4700AUD
CDI	Swap	Short	313	5.4700AUD
CDI	Swap	Short	3,127	5.3695AUD
CDI	Swap	Short	4,607	5.4587AUD
CDI	Swap	Short	4,976	5.4601AUD
CDI	Swap	Short	7,333	5.4700AUD
CDI	Swap	Short	7,333	5.4700AUD
CDI	Swap	Short	9,281	5.4461AUD
CDI	Swap	Short	9,319	5.4700AUD
CDI	Swap	Short	9,319	5.4700AUD
CDI	Swap	Short	12,564	5.4715AUD
CDI	Swap	Short	12,564	5.4715AUD
CDI	Swap	Short	99,926	5.4069AUD
CDI	Swap	Short	120,063	5.4439AUD
CDI	Swap	Short	298,642	5.3498AUD
CDI	Swap	Short	298,642	2.9300GBP
CDI	Swap	Short	298,642	5.4498AUD

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

3. OTHER INFORMATION

(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none'

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none'

NONE

Date of disclosure:	15/10/2018
Contact name:	Jasim Baloch
Telephone number:	0121 407 9093

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel [e-mail]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website atwww.thetakeoverpanel.org.uk.