IWG International Workplace : Form 8.5 (EPT/RI) - IWG 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:	UBS Investment Bank, London
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	IWG plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Starwood Capital European Operations Limited
(d) Date dealing undertaken:	03 August 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'	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
1p ordinary	Buy	268521	3.05688 GBP	3.00000 GBP
1p ordinary	Sell	127862	3.05396 GBP	2.98600 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
1p ordinary	CFD	Long	18515	3.02847513 GBP
1p ordinary	CFD	Long	4628	3.01634831460674 GBP
1p ordinary	CFD	Long	7	3.0324 GBP
1p ordinary	CFD	Long	27091	3.0163474954782 GBP
1p ordinary	CFD	Long	1800	3.047111 GBP
1p ordinary	CFD	Long	900	3.038333 GBP
1p ordinary	CFD	Long	1307	3.046644 GBP
1p ordinary	CFD	Long	900	3.023911 GBP
1p ordinary	CFD	Long	35464	3.0 GBP
1p ordinary	CFD	Short	9464	3.03735524091293 GBP
1p ordinary	CFD	Short	152884	3.0038339 GBP
1p ordinary	CFD	Short	218	3.05022935779817 GBP
1p ordinary	CFD	Short	1000	3.02223 GBP
1p ordinary	CFD	Short	1782	3.05225589225589 GBP
1p ordinary	CFD	Short	2540	3.0279 GBP
1p ordinary	CFD	Short	4156	3.03738209817132 GBP
1p ordinary	CFD	Short	600	3.038333 GBP
1p ordinary	CFD	Short	3844	3.02628511966701 GBP
1p ordinary	CFD	Short	43238	3.04546943 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:	06 August 2018
Contact name:	Wendy Dent
Telephone number:	[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 [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.