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:	15 January 2021
(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	76,804	18.1000 GBP	17.4800 GBP
15p ordinary	Sales	39,863	18.1600 GBP	17.4400 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	Increasing a long position	2	17.6489 GBP
15p ordinary	CFD	Increasing a long position	29	17.6500 GBP
15p ordinary	CFD	Increasing a long position	372	17.6501 GBP
15p ordinary	CFD	Increasing a long position	8	17.6502 GBP
15p ordinary	CFD	Reducing a long position	11	17.7827 GBP
15p ordinary	CFD	Reducing a long position	24	17.7827 GBP
15p ordinary	CFD	Reducing a long position	22	17.7827 GBP
15p ordinary	CFD	Reducing a long position	10	17.7827 GBP
15p ordinary	CFD	Reducing a long position	22	17.7863 GBP
15p ordinary	CFD	Reducing a long position	28	17.7906 GBP
15p ordinary	CFD	Reducing a long position	63	17.7906 GBP
15p ordinary	CFD	Reducing a long position	59	17.7906 GBP
15p ordinary	CFD	Reducing a long position	25	17.7906 GBP
15p ordinary	CFD	Reducing a long position	40,000	17.7937 GBP
15p ordinary	CFD	Reducing a long position	8	17.8000 GBP
15p ordinary	CFD	Reducing a long position	29	17.8000 GBP
15p ordinary	CFD	Reducing a long position	17	17.8000 GBP
15p ordinary	CFD	Increasing a long position	61	17.8000 GBP
15p ordinary	CFD	Reducing a long position	7	17.8000 GBP
15p ordinary	CFD	Reducing a long position	32	17.8089 GBP
15p ordinary	CFD	Increasing a long position	13	17.8197 GBP
15p ordinary	CFD	Reducing a long position	49	17.8203 GBP
15p ordinary	CFD	Increasing a long position	3	17.8444 GBP
15p ordinary	CFD	Increasing a long position	78	17.8451 GBP
15p ordinary	CFD	Increasing a long position	955	17.8451 GBP
15p ordinary	CFD	Increasing a long position	20	17.8452 GBP
15p ordinary	CFD	Increasing a short position	157	17.8462 GBP
15p ordinary	CFD	Increasing a long position	5,415	17.8511 GBP
15p ordinary	CFD	Reducing a short position	1,491	17.9656 GBP
15p ordinary	CFD	Increasing a long position	1,819	24.3254 USD

(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:	18 January 2021
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.