Future : Form 8.5 (EPT/RI)

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:	(GS) GOLDMAN SACHS INTERNATIONAL
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	FUTURE PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	FUTURE PLC
(d) Date dealing undertaken:	07 December 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 the offer? If it is a cash offer or possible cash offer, state 'N/A'	YES - disclosed previously for GOCO GROUP 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
15p ordinary	Purchases	83,867	18.0000 GBP	17.5400 GBP
15p ordinary	Sales	88,763	17.9600 GBP	17.5200 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
15p ordinary	CFD	Reducing a short position	30	17.6995 GBP
15p ordinary	CFD	Reducing a short position	165	17.6995 GBP
15p ordinary	CFD	Reducing a short position	80	17.7000 GBP
15p ordinary	CFD	Reducing a long position	11	17.7027 GBP
15p ordinary	CFD	Reducing a long position	41	17.7261 GBP
15p ordinary	CFD	Increasing a short position	22	17.7281 GBP
15p ordinary	CFD	Increasing a short position	13	17.7281 GBP
15p ordinary	CFD	Increasing a short position	2	17.7281 GBP
15p ordinary	CFD	Increasing a short position	169	17.7483 GBP
15p ordinary	CFD	Increasing a short position	106	17.7483 GBP
15p ordinary	CFD	Increasing a short position	17	17.7483 GBP
15p ordinary	CFD	Reducing a long position	5	17.7800 GBP
15p ordinary	CFD	Reducing a long position	5	17.7800 GBP
15p ordinary	CFD	Increasing a long position	1,239	17.7878 GBP
15p ordinary	CFD	Increasing a short position	1,468	17.8057 GBP
15p ordinary	CFD	Reducing a short position	8	17.8168 GBP
15p ordinary	CFD	Reducing a short position	453	17.8196 GBP
15p ordinary	CFD	Reducing a short position	81	17.8196 GBP
15p ordinary	CFD	Reducing a short position	31	17.8209 GBP
15p ordinary	CFD	Reducing a short position	47	17.8212 GBP
15p ordinary	CFD	Reducing a short position	7	17.8254 GBP
15p ordinary	CFD	Reducing a short position	79	17.8322 GBP
15p ordinary	CFD	Reducing a short position	237	17.8326 GBP
15p ordinary	CFD	Reducing a short position	41	17.8327 GBP
15p ordinary	CFD	Opening a short position	80	17.8335 GBP
15p ordinary	CFD	Reducing a short position	13	17.8366 GBP
15p ordinary	CFD	Increasing a long position	2,719	17.8384 GBP
15p ordinary	CFD	Increasing a short position	24	17.8437 GBP
15p ordinary	CFD	Increasing a short position	16	17.8437 GBP
15p ordinary	CFD	Increasing a short position	3	17.8437 GBP
15p ordinary	CFD	Reducing a short position	148	17.8477 GBP
15p ordinary	CFD	Reducing a short position	26	17.8479 GBP
15p ordinary	CFD	Reducing a short position	363	17.8588 GBP
15p ordinary	CFD	Reducing a short position	198	17.8603 GBP
15p ordinary	CFD	Reducing a long position	4	17.8627 GBP
15p ordinary	CFD	Reducing a short position	36	17.8645 GBP
15p ordinary	CFD	Reducing a long position	6	17.8793 GBP
15p ordinary	CFD	Reducing a long position	2	17.9027 GBP
15p ordinary	CFD	Increasing a short position	23	17.9328 GBP
15p ordinary	CFD	Increasing a short position	15	17.9328 GBP
15p ordinary	CFD	Increasing a short position	2	17.9328 GBP

(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:	08 December 2020
Contact name:	Paul Grainger and Kashif Rafiq
Telephone number:	[phone] / [phone]

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 at [e-mail]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

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