J Sainsbury : Form 8.5 (EPT/RI)Replacement J Sainsbury Plc

Morgan Stanley & Co. Int'l plc

AMENDMENT(Section 2b)

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:	Morgan Stanley & Co. International plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	J Sainsbury Plc
(c) Name of the party to the offer with which exempt principal trader is connected:	J Sainsbury Plc
(d) Date dealing undertaken:	26 MAY 2016
(e)Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	Yes

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
28 4/7p ordinary	PURCHASES	1,605,901	2.6980 GBP	2.6390 GBP
28 4/7p ordinary	SALES	1,989,720	2.6970 GBP	2.6290 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
28 4/7p ordinary	CFD	LONG	108,270	2.6290 GBP
28 4/7p ordinary	CFD	LONG	3,746	2.6706 GBP
28 4/7p ordinary	CFD	LONG	713	2.6707 GBP
28 4/7p ordinary	CFD	LONG	2,249	2.6713 GBP
28 4/7p ordinary	CFD	LONG	11,806	2.6714 GBP
28 4/7p ordinary	CFD	LONG	8,921	2.6714 GBP
28 4/7p ordinary	CFD	LONG	11,214	2.6722 GBP
28 4/7p ordinary	CFD	LONG	2,277	2.6743 GBP
28 4/7p ordinary	CFD	LONG	78,506	2.6760 GBP
28 4/7p ordinary	CFD	LONG	3,823	2.6760 GBP
28 4/7p ordinary	CFD	LONG	863	2.6760 GBP
28 4/7p ordinary	CFD	LONG	5,591	2.6760 GBP
28 4/7p ordinary	CFD	LONG	8,773	2.6777 GBP
28 4/7p ordinary	CFD	LONG	25,631	2.6780 GBP
28 4/7p ordinary	CFD	LONG	19,493	2.6783 GBP
28 4/7p ordinary	CFD	LONG	8,439	2.6790 GBP
28 4/7p ordinary	CFD	LONG	31,439	2.6790 GBP
28 4/7p ordinary	CFD	LONG	1,276	2.6790 GBP
28 4/7p ordinary	CFD	LONG	25,347	2.6793 GBP
28 4/7p ordinary	CFD	LONG	106,044	2.6794 GBP
28 4/7p ordinary	CFD	LONG	62,709	2.6805 GBP
28 4/7p ordinary	CFD	LONG	51,692	2.6811 GBP
28 4/7p ordinary	CFD	LONG	1,363	2.6816 GBP
28 4/7p ordinary	CFD	LONG	40,257	2.6816 GBP
28 4/7p ordinary	CFD	LONG	25,736	2.6816 GBP
28 4/7p ordinary	CFD	LONG	101,583	2.6819 GBP
28 4/7p ordinary	CFD	LONG	6,238	2.6872 GBP
28 4/7p ordinary	CFD	LONG	1,571	2.6872 GBP
28 4/7p ordinary	CFD	LONG	8,255	2.6873 GBP
28 4/7p ordinary	CFD	SHORT	36,324	2.6690 GBP
28 4/7p ordinary	CFD	SHORT	8,153	2.6707 GBP
28 4/7p ordinary	CFD	SHORT	6,161	2.6707 GBP
28 4/7p ordinary	CFD	SHORT	1,553	2.6712 GBP
28 4/7p ordinary	CFD	SHORT	4,459	2.6723 GBP
28 4/7p ordinary	CFD	SHORT	60,533	2.6761 GBP
28 4/7p ordinary	CFD	SHORT	59,053	2.6767 GBP
28 4/7p ordinary	CFD	SHORT	1,859	2.6772 GBP
28 4/7p ordinary	CFD	SHORT	77,993	2.6772 GBP
28 4/7p ordinary	CFD	SHORT	8,743	2.6787 GBP
28 4/7p ordinary	CFD	SHORT	23,500	2.6789 GBP
28 4/7p ordinary	CFD	SHORT	13,621	2.6795 GBP
28 4/7p ordinary	CFD	SHORT	6,336	2.6802 GBP
28 4/7p ordinary	CFD	SHORT	29,837	2.6805 GBP
28 4/7p ordinary	CFD	SHORT	3,308	2.6817 GBP
28 4/7p ordinary	CFD	SHORT	22,135	2.6819 GBP
28 4/7p ordinary	CFD	SHORT	32,464	2.6875 GBP
28 4/7p ordinary	CFD	SHORT	61,378	2.6875 GBP
28 4/7p ordinary	CFD	SHORT	1,570	2.6875 GBP
28 4/7p ordinary	CFD	SHORT	179	2.6910 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	Typee.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii) Exercise

Class of relevant security	Product descriptione.g. call option	Number of securities	Exercise price per unit
N/A	N/A	N/A	N/A

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

Class of relevant security	Nature of dealinge.g. subscription, conversion	Details	Price per unit (if applicable)
N/A	N/A	N/A	N/A

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

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.

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: 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:	31 MAY 2016
Contact name:	Craig Horsley
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.