Cobham : Form 8.5 (EPT/RI) Cobham 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:	Credit Suisse Securities (Europe) Limited
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Cobham Plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Financial Adviser to Bidco and Advent
(d) Date dealing undertaken:	7-January-2020
(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'	No

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
Ordinary	Purchases	5,476,972	1.645 (GBP)	1.643 (GBP)
Ordinary	Sales	6,949,132	1.645 (GBP)	1.643 (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 (GBp)
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	1	164.33
Ordinary	Swap	Reducing a short	33	164.40
Ordinary	Swap	Reducing a short	33	164.40
Ordinary	Swap	Reducing a short	33	164.40
Ordinary	Swap	Reducing a short	33	164.40
Ordinary	Swap	Reducing a short	33	164.40
Ordinary	Swap	Reducing a short	68	164.40
Ordinary	Swap	Reducing a short	68	164.40
Ordinary	Swap	Reducing a short	68	164.40
Ordinary	Swap	Reducing a short	68	164.40
Ordinary	Swap	Reducing a short	68	164.40
Ordinary	Swap	Reducing a short	293	164.40
Ordinary	Swap	Reducing a short	293	164.40
Ordinary	Swap	Reducing a short	293	164.40
Ordinary	Swap	Reducing a short	329	164.40
Ordinary	Swap	Reducing a short	329	164.40
Ordinary	Swap	Reducing a short	329	164.40
Ordinary	Swap	Reducing a short	329	164.40
Ordinary	Swap	Reducing a short	531	164.40
Ordinary	Swap	Reducing a short	531	164.40
Ordinary	Swap	Reducing a short	531	164.40
Ordinary	Swap	Reducing a short	531	164.40
Ordinary	Swap	Reducing a short	770	164.40
Ordinary	Swap	Reducing a short	770	164.40
Ordinary	Swap	Reducing a short	770	164.40
Ordinary	Swap	Reducing a short	770	164.40
Ordinary	Swap	Reducing a short	1455	164.40
Ordinary	Swap	Reducing a short	1455	164.40
Ordinary	Swap	Reducing a short	1455	164.40
Ordinary	Swap	Reducing a short	1455	164.40
Ordinary	Swap	Reducing a short	1786	164.40
Ordinary	Swap	Reducing a short	1786	164.40
Ordinary	Swap	Reducing a short	1786	164.40
Ordinary	Swap	Reducing a short	1786	164.40
Ordinary	Swap	Reducing a short	4470	164.40
Ordinary	Swap	Reducing a short	4470	164.40
Ordinary	Swap	Reducing a short	4470	164.40
Ordinary	Swap	Reducing a short	5620	164.40
Ordinary	Swap	Reducing a short	5670	164.40
Ordinary	Swap	Reducing a short	5670	164.40
Ordinary	Swap	Reducing a short	5670	164.40
Ordinary	Swap	Reducing a short	5670	164.40
Ordinary	Swap	Reducing a short	10	164.43
Ordinary	Swap	Reducing a short	10	164.43
Ordinary	Swap	Reducing a short	10	164.43
Ordinary	Swap	Reducing a short	10	164.43
Ordinary	Swap	Reducing a short	25	164.43
Ordinary	Swap	Reducing a short	25	164.43
Ordinary	Swap	Reducing a short	25	164.43
Ordinary	Swap	Reducing a short	25	164.43
Ordinary	Swap	Reducing a short	106	164.43
Ordinary	Swap	Reducing a short	106	164.43
Ordinary	Swap	Reducing a short	106	164.43
Ordinary	Swap	Reducing a short	106	164.43
Ordinary	Swap	Reducing a short	106	164.43
Ordinary	Swap	Reducing a short	106	164.43
Ordinary	Swap	Reducing a short	106	164.43
Ordinary	Swap	Reducing a short	167	164.43
Ordinary	Swap	Reducing a short	167	164.43
Ordinary	Swap	Reducing a short	167	164.43
Ordinary	Swap	Reducing a short	167	164.43
Ordinary	Swap	Reducing a short	254	164.43
Ordinary	Swap	Reducing a short	254	164.43
Ordinary	Swap	Reducing a short	254	164.43
Ordinary	Swap	Reducing a short	254	164.43
Ordinary	Swap	Reducing a short	423	164.43
Ordinary	Swap	Reducing a short	423	164.43
Ordinary	Swap	Reducing a short	423	164.43
Ordinary	Swap	Reducing a short	423	164.43
Ordinary	Swap	Reducing a short	464	164.43
Ordinary	Swap	Reducing a short	464	164.43
Ordinary	Swap	Reducing a short	464	164.43
Ordinary	Swap	Reducing a short	464	164.43
Ordinary	Swap	Reducing a short	1511	164.43
Ordinary	Swap	Reducing a short	1511	164.43
Ordinary	Swap	Reducing a short	1511	164.43
Ordinary	Swap	Reducing a short	1511	164.43
Ordinary	Swap	Reducing a short	1828	164.43
Ordinary	Swap	Reducing a short	1828	164.43
Ordinary	Swap	Reducing a short	1828	164.43
Ordinary	Swap	Reducing a short	1828	164.43
Ordinary	Swap	Reducing a short	164	164.44
Ordinary	Swap	Reducing a short	164	164.44
Ordinary	Swap	Reducing a short	164	164.44
Ordinary	Swap	Reducing a short	164	164.44
Ordinary	Swap	Reducing a short	334	164.44
Ordinary	Swap	Reducing a short	334	164.44
Ordinary	Swap	Reducing a short	334	164.44
Ordinary	Swap	Reducing a short	334	164.44
Ordinary	Swap	Reducing a short	1449	164.44
Ordinary	Swap	Reducing a short	1449	164.44
Ordinary	Swap	Reducing a short	1449	164.44
Ordinary	Swap	Reducing a short	1449	164.44
Ordinary	Swap	Reducing a short	1449	164.44
Ordinary	Swap	Reducing a short	1575	164.44
Ordinary	Swap	Reducing a short	1575	164.44
Ordinary	Swap	Reducing a short	1575	164.44
Ordinary	Swap	Reducing a short	1575	164.44
Ordinary	Swap	Reducing a short	2517	164.44
Ordinary	Swap	Reducing a short	2517	164.44
Ordinary	Swap	Reducing a short	2517	164.44
Ordinary	Swap	Reducing a short	3709	164.44
Ordinary	Swap	Reducing a short	3709	164.44
Ordinary	Swap	Reducing a short	3709	164.44
Ordinary	Swap	Reducing a short	3709	164.44
Ordinary	Swap	Reducing a short	6937	164.44
Ordinary	Swap	Reducing a short	6937	164.44
Ordinary	Swap	Reducing a short	6937	164.44
Ordinary	Swap	Reducing a short	6937	164.44
Ordinary	Swap	Reducing a short	7884	164.44
Ordinary	Swap	Reducing a short	7884	164.44
Ordinary	Swap	Reducing a short	7884	164.44
Ordinary	Swap	Reducing a short	7884	164.44
Ordinary	Swap	Reducing a short	21708	164.44
Ordinary	Swap	Reducing a short	21708	164.44
Ordinary	Swap	Reducing a short	21708	164.44
Ordinary	Swap	Reducing a short	21708	164.44
Ordinary	Swap	Reducing a short	27142	164.44
Ordinary	Swap	Reducing a short	27142	164.44
Ordinary	Swap	Reducing a short	27142	164.44
Ordinary	Swap	Reducing a short	27142	164.44
Ordinary	Swap	Reducing a short	12341	164.45
Ordinary	Swap	Reducing a short	5	164.47
Ordinary	Swap	Reducing a short	5	164.47
Ordinary	Swap	Reducing a short	5	164.47
Ordinary	Swap	Reducing a short	8	164.47
Ordinary	Swap	Reducing a short	8	164.47
Ordinary	Swap	Reducing a short	8	164.47
Ordinary	Swap	Reducing a short	8	164.47
Ordinary	Swap	Reducing a short	33	164.47
Ordinary	Swap	Reducing a short	33	164.47
Ordinary	Swap	Reducing a short	33	164.47
Ordinary	Swap	Reducing a short	33	164.47
Ordinary	Swap	Reducing a short	39	164.47
Ordinary	Swap	Reducing a short	39	164.47
Ordinary	Swap	Reducing a short	39	164.47
Ordinary	Swap	Reducing a short	59	164.47
Ordinary	Swap	Reducing a short	59	164.47
Ordinary	Swap	Reducing a short	59	164.47
Ordinary	Swap	Reducing a short	59	164.47
Ordinary	Swap	Reducing a short	86	164.47
Ordinary	Swap	Reducing a short	86	164.47
Ordinary	Swap	Reducing a short	86	164.47
Ordinary	Swap	Reducing a short	86	164.47
Ordinary	Swap	Reducing a short	86	164.47
Ordinary	Swap	Reducing a short	161	164.47
Ordinary	Swap	Reducing a short	161	164.47
Ordinary	Swap	Reducing a short	161	164.47
Ordinary	Swap	Reducing a short	161	164.47
Ordinary	Swap	Reducing a short	198	164.47
Ordinary	Swap	Reducing a short	198	164.47
Ordinary	Swap	Reducing a short	198	164.47
Ordinary	Swap	Reducing a short	198	164.47
Ordinary	Swap	Reducing a short	496	164.47
Ordinary	Swap	Reducing a short	496	164.47
Ordinary	Swap	Reducing a short	496	164.47
Ordinary	Swap	Reducing a short	496	164.47
Ordinary	Swap	Reducing a short	630	164.47
Ordinary	Swap	Reducing a short	630	164.47
Ordinary	Swap	Reducing a short	630	164.47
Ordinary	Swap	Reducing a short	630	164.47
Ordinary	Swap	Reducing a short	1	164.47
Ordinary	Swap	Reducing a short	1	164.47
Ordinary	Swap	Reducing a short	1	164.47
Ordinary	Swap	Reducing a short	1	164.47
Ordinary	Swap	Reducing a short	4	164.47
Ordinary	Swap	Reducing a short	4	164.47
Ordinary	Swap	Reducing a short	4	164.47
Ordinary	Swap	Reducing a short	4	164.47
Ordinary	Swap	Reducing a short	4	164.47
Ordinary	Swap	Reducing a short	4	164.47
Ordinary	Swap	Reducing a short	4	164.47
Ordinary	Swap	Reducing a short	4	164.47
Ordinary	Swap	Reducing a short	4	164.47
Ordinary	Swap	Reducing a short	7	164.47
Ordinary	Swap	Reducing a short	7	164.47
Ordinary	Swap	Reducing a short	11	164.47
Ordinary	Swap	Reducing a short	11	164.47
Ordinary	Swap	Reducing a short	21	164.47
Ordinary	Swap	Reducing a short	21	164.47
Ordinary	Swap	Reducing a short	21	164.47
Ordinary	Swap	Reducing a short	21	164.47
Ordinary	Swap	Reducing a short	27	164.47
Ordinary	Swap	Reducing a short	27	164.47
Ordinary	Swap	Reducing a short	27	164.47
Ordinary	Swap	Reducing a short	27	164.47
Ordinary	Swap	Reducing a short	68	164.47
Ordinary	Swap	Reducing a short	68	164.47
Ordinary	Swap	Reducing a short	68	164.47
Ordinary	Swap	Reducing a short	68	164.47
Ordinary	Swap	Reducing a short	86	164.47
Ordinary	Swap	Reducing a short	86	164.47
Ordinary	Swap	Reducing a short	86	164.47
Ordinary	Swap	Reducing a short	86	164.47
Ordinary	Swap	Reducing a short	1646903	164.47
Ordinary	Swap	Reducing a short	13	164.47
Ordinary	Swap	Reducing a short	13	164.47
Ordinary	Swap	Reducing a short	13	164.47
Ordinary	Swap	Reducing a short	13	164.47
Ordinary	Swap	Reducing a short	18	164.47
Ordinary	Swap	Reducing a short	18	164.47
Ordinary	Swap	Reducing a short	18	164.47
Ordinary	Swap	Reducing a short	77	164.47
Ordinary	Swap	Reducing a short	77	164.47
Ordinary	Swap	Reducing a short	77	164.47
Ordinary	Swap	Reducing a short	77	164.47
Ordinary	Swap	Reducing a short	81	164.47
Ordinary	Swap	Reducing a short	81	164.47
Ordinary	Swap	Reducing a short	81	164.47
Ordinary	Swap	Reducing a short	81	164.47
Ordinary	Swap	Reducing a short	111	164.47
Ordinary	Swap	Reducing a short	111	164.47
Ordinary	Swap	Reducing a short	111	164.47
Ordinary	Swap	Reducing a short	111	164.47
Ordinary	Swap	Reducing a short	111	164.47
Ordinary	Swap	Reducing a short	178	164.47
Ordinary	Swap	Reducing a short	178	164.47
Ordinary	Swap	Reducing a short	178	164.47
Ordinary	Swap	Reducing a short	178	164.47
Ordinary	Swap	Reducing a short	179	164.47
Ordinary	Swap	Reducing a short	179	164.47
Ordinary	Swap	Reducing a short	179	164.47
Ordinary	Swap	Reducing a short	179	164.47
Ordinary	Swap	Reducing a short	313	164.47
Ordinary	Swap	Reducing a short	313	164.47
Ordinary	Swap	Reducing a short	313	164.47
Ordinary	Swap	Reducing a short	313	164.47
Ordinary	Swap	Reducing a short	1101	164.47
Ordinary	Swap	Reducing a short	1101	164.47
Ordinary	Swap	Reducing a short	1101	164.47
Ordinary	Swap	Reducing a short	1264	164.47
Ordinary	Swap	Reducing a short	1264	164.47
Ordinary	Swap	Reducing a short	1264	164.47
Ordinary	Swap	Reducing a short	1264	164.47
Ordinary	Swap	Reducing a short	1264	164.47
Ordinary	Swap	Reducing a short	6	164.50
Ordinary	Swap	Reducing a short	6	164.50
Ordinary	Swap	Reducing a short	13	164.50
Ordinary	Swap	Reducing a short	13	164.50
Ordinary	Swap	Reducing a short	13	164.50
Ordinary	Swap	Reducing a short	13	164.50
Ordinary	Swap	Reducing a short	53	164.50
Ordinary	Swap	Reducing a short	53	164.50
Ordinary	Swap	Reducing a short	60	164.50
Ordinary	Swap	Reducing a short	60	164.50
Ordinary	Swap	Reducing a short	60	164.50
Ordinary	Swap	Reducing a short	60	164.50
Ordinary	Swap	Reducing a short	60	164.50
Ordinary	Swap	Reducing a short	96	164.50
Ordinary	Swap	Reducing a short	96	164.50
Ordinary	Swap	Reducing a short	96	164.50
Ordinary	Swap	Reducing a short	96	164.50
Ordinary	Swap	Reducing a short	137	164.50
Ordinary	Swap	Reducing a short	137	164.50
Ordinary	Swap	Reducing a short	137	164.50
Ordinary	Swap	Reducing a short	137	164.50
Ordinary	Swap	Reducing a short	257	164.50
Ordinary	Swap	Reducing a short	257	164.50
Ordinary	Swap	Reducing a short	316	164.50
Ordinary	Swap	Reducing a short	316	164.50
Ordinary	Swap	Reducing a short	792	164.50
Ordinary	Swap	Reducing a short	792	164.50
Ordinary	Swap	Reducing a short	792	164.50
Ordinary	Swap	Reducing a short	792	164.50
Ordinary	Swap	Reducing a short	1005	164.50
Ordinary	Swap	Reducing a short	1005	164.50
Ordinary	Swap	Reducing a short	1005	164.50
Ordinary	Swap	Reducing a short	1005	164.50
Ordinary	Swap	Increasing a short	1	164.33
Ordinary	Swap	Increasing a short	1	164.33
Ordinary	Swap	Increasing a short	1	164.33
Ordinary	Swap	Increasing a short	1	164.33
Ordinary	Swap	Increasing a short	1	164.33
Ordinary	Swap	Increasing a short	1	164.33
Ordinary	Swap	Increasing a short	33	164.40
Ordinary	Swap	Increasing a short	67	164.40
Ordinary	Swap	Increasing a short	68	164.40
Ordinary	Swap	Increasing a short	293	164.40
Ordinary	Swap	Increasing a short	293	164.40
Ordinary	Swap	Increasing a short	293	164.40
Ordinary	Swap	Increasing a short	329	164.40
Ordinary	Swap	Increasing a short	329	164.40
Ordinary	Swap	Increasing a short	531	164.40
Ordinary	Swap	Increasing a short	531	164.40
Ordinary	Swap	Increasing a short	770	164.40
Ordinary	Swap	Increasing a short	770	164.40
Ordinary	Swap	Increasing a short	1291	164.40
Ordinary	Swap	Increasing a short	1455	164.40
Ordinary	Swap	Increasing a short	1455	164.40
Ordinary	Swap	Increasing a short	1688	164.40
Ordinary	Swap	Increasing a short	1786	164.40
Ordinary	Swap	Increasing a short	1786	164.40
Ordinary	Swap	Increasing a short	4470	164.40
Ordinary	Swap	Increasing a short	4470	164.40
Ordinary	Swap	Increasing a short	4470	164.40
Ordinary	Swap	Increasing a short	5670	164.40
Ordinary	Swap	Increasing a short	5670	164.40
Ordinary	Swap	Increasing a short	10	164.43
Ordinary	Swap	Increasing a short	10	164.43
Ordinary	Swap	Increasing a short	25	164.43
Ordinary	Swap	Increasing a short	25	164.43
Ordinary	Swap	Increasing a short	106	164.43
Ordinary	Swap	Increasing a short	106	164.43
Ordinary	Swap	Increasing a short	106	164.43
Ordinary	Swap	Increasing a short	106	164.43
Ordinary	Swap	Increasing a short	106	164.43
Ordinary	Swap	Increasing a short	167	164.43
Ordinary	Swap	Increasing a short	167	164.43
Ordinary	Swap	Increasing a short	254	164.43
Ordinary	Swap	Increasing a short	254	164.43
Ordinary	Swap	Increasing a short	423	164.43
Ordinary	Swap	Increasing a short	423	164.43
Ordinary	Swap	Increasing a short	464	164.43
Ordinary	Swap	Increasing a short	464	164.43
Ordinary	Swap	Increasing a short	1511	164.43
Ordinary	Swap	Increasing a short	1511	164.43
Ordinary	Swap	Increasing a short	1828	164.43
Ordinary	Swap	Increasing a short	1828	164.43
Ordinary	Swap	Increasing a short	34647	164.43
Ordinary	Swap	Increasing a short	34647	164.43
Ordinary	Swap	Increasing a short	202820	164.44
Ordinary	Swap	Increasing a short	164	164.44
Ordinary	Swap	Increasing a short	164	164.44
Ordinary	Swap	Increasing a short	334	164.44
Ordinary	Swap	Increasing a short	334	164.44
Ordinary	Swap	Increasing a short	1449	164.44
Ordinary	Swap	Increasing a short	1575	164.44
Ordinary	Swap	Increasing a short	1575	164.44
Ordinary	Swap	Increasing a short	2517	164.44
Ordinary	Swap	Increasing a short	2517	164.44
Ordinary	Swap	Increasing a short	2517	164.44
Ordinary	Swap	Increasing a short	3709	164.44
Ordinary	Swap	Increasing a short	3709	164.44
Ordinary	Swap	Increasing a short	6937	164.44
Ordinary	Swap	Increasing a short	6937	164.44
Ordinary	Swap	Increasing a short	7884	164.44
Ordinary	Swap	Increasing a short	7884	164.44
Ordinary	Swap	Increasing a short	21708	164.44
Ordinary	Swap	Increasing a short	21708	164.44
Ordinary	Swap	Increasing a short	27142	164.44
Ordinary	Swap	Increasing a short	27142	164.44
Ordinary	Swap	Increasing a short	5	164.47
Ordinary	Swap	Increasing a short	5	164.47
Ordinary	Swap	Increasing a short	5	164.47
Ordinary	Swap	Increasing a short	8	164.47
Ordinary	Swap	Increasing a short	8	164.47
Ordinary	Swap	Increasing a short	33	164.47
Ordinary	Swap	Increasing a short	33	164.47
Ordinary	Swap	Increasing a short	39	164.47
Ordinary	Swap	Increasing a short	39	164.47
Ordinary	Swap	Increasing a short	39	164.47
Ordinary	Swap	Increasing a short	59	164.47
Ordinary	Swap	Increasing a short	59	164.47
Ordinary	Swap	Increasing a short	86	164.47
Ordinary	Swap	Increasing a short	161	164.47
Ordinary	Swap	Increasing a short	161	164.47
Ordinary	Swap	Increasing a short	198	164.47
Ordinary	Swap	Increasing a short	198	164.47
Ordinary	Swap	Increasing a short	496	164.47
Ordinary	Swap	Increasing a short	496	164.47
Ordinary	Swap	Increasing a short	630	164.47
Ordinary	Swap	Increasing a short	630	164.47
Ordinary	Swap	Increasing a short	1	164.47
Ordinary	Swap	Increasing a short	1	164.47
Ordinary	Swap	Increasing a short	4	164.47
Ordinary	Swap	Increasing a short	4	164.47
Ordinary	Swap	Increasing a short	4	164.47
Ordinary	Swap	Increasing a short	21	164.47
Ordinary	Swap	Increasing a short	21	164.47
Ordinary	Swap	Increasing a short	27	164.47
Ordinary	Swap	Increasing a short	27	164.47
Ordinary	Swap	Increasing a short	68	164.47
Ordinary	Swap	Increasing a short	68	164.47
Ordinary	Swap	Increasing a short	86	164.47
Ordinary	Swap	Increasing a short	86	164.47
Ordinary	Swap	Increasing a short	13	164.47
Ordinary	Swap	Increasing a short	13	164.47
Ordinary	Swap	Increasing a short	18	164.47
Ordinary	Swap	Increasing a short	18	164.47
Ordinary	Swap	Increasing a short	18	164.47
Ordinary	Swap	Increasing a short	77	164.47
Ordinary	Swap	Increasing a short	77	164.47
Ordinary	Swap	Increasing a short	81	164.47
Ordinary	Swap	Increasing a short	81	164.47
Ordinary	Swap	Increasing a short	111	164.47
Ordinary	Swap	Increasing a short	178	164.47
Ordinary	Swap	Increasing a short	178	164.47
Ordinary	Swap	Increasing a short	179	164.47
Ordinary	Swap	Increasing a short	179	164.47
Ordinary	Swap	Increasing a short	313	164.47
Ordinary	Swap	Increasing a short	313	164.47
Ordinary	Swap	Increasing a short	1101	164.47
Ordinary	Swap	Increasing a short	1101	164.47
Ordinary	Swap	Increasing a short	1101	164.47
Ordinary	Swap	Increasing a short	1264	164.47
Ordinary	Swap	Increasing a short	1511171	164.48
Ordinary	Swap	Increasing a short	1511171	164.48
Ordinary	Swap	Increasing a short	1444083	164.48
Ordinary	Swap	Increasing a short	13	164.50
Ordinary	Swap	Increasing a short	13	164.50
Ordinary	Swap	Increasing a short	60	164.50
Ordinary	Swap	Increasing a short	96	164.50
Ordinary	Swap	Increasing a short	96	164.50
Ordinary	Swap	Increasing a short	137	164.50
Ordinary	Swap	Increasing a short	137	164.50
Ordinary	Swap	Increasing a short	792	164.50
Ordinary	Swap	Increasing a short	792	164.50
Ordinary	Swap	Increasing a short	1005	164.50
Ordinary	Swap	Increasing a short	1005	164.50

(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'

(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'

Date of disclosure:	8-January-2020
Contact name:	Anthony Allen / Paul MacDonald
Telephone number:	0207 888 5416 / 8548

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.