Form 8.5 (EPT/NON-RI) BOWLEVEN PLC

Form 8.5 (EPT/NON-RI) BOWLEVEN PLC

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Name of exempt principal trader:	Â	Barclays Capital Securities Ltd
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Â	BOWLEVEN PLC Â
(c) Name of the party to the offer with which exempt principal trader is connected:	Â	Advisor to Offeree
(d) Date position held/dealing undertaken:	Â	28 February 2012
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	Â	YES: DRAGON OIL PLC Â

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	Â	Â	Â	ORD	Â	Â	Â	Â	Â	Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		693,975		0.24%		2,189,328		0.74%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		1,420,019		0.48%		689,430		0.23%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				2,113,994		0.72%		2,878,758		0.98%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:	Â
Details, including nature of the rights concerned and relevant percentages:	Â

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		500		0.9350 GBP
ORD		Purchase		3,777		1.3962 GBP
ORD		Purchase		7,000		1.5000 GBP
ORD		Purchase		10,000		1.0075 GBP
ORD		Purchase		34,809		1.4690 GBP
ORD		Purchase		441,386		1.1616 GBP
ORD		Purchase		62,055		1.4106 GBP
ORD		Purchase		3,000		0.9500 GBP
ORD		Sale		62,055		1.4106 GBP
ORD		Sale		2,500		1.3675 GBP
ORD		Sale		50,000		1.0000 GBP
ORD		Sale		100,000		0.9495 GBP
ORD		Sale		111,845		1.1401 GBP
ORD		Sale		330,000		0.9528 GBP
ORD		Sale		356,005		0.9910 GBP
ORD		Sale		576,400		1.0200 GBP
ORD		Sale		1,000,000		0.9869 GBP

(b) Derivatives transactions (other than options)

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
ORD		CFD		Long		5,700		0.9999 GBP
ORD		CFD		Long		10,000		1.4898 GBP
ORD		CFD		Long		16,600		1.4948 GBP
ORD		CFD		Long		30,000		0.9923 GBP
ORD		CFD		Long		52,145		0.9499 GBP
ORD		CFD		Long		63,407		0.9006 GBP
ORD		CFD		Long		48,438		1.4534 GBP
ORD		CFD		Long		121,060		0.9093 GBP
ORD		CFD		Long		165,000		0.9152 GBP
ORD		CFD		Long		165,000		0.9904 GBP
ORD		CFD		Long		576,400		1.0199 GBP
ORD		CFD		Short		10,000		1.4501 GBP
ORD		CFD		Short		10,000		1.4526 GBP
ORD		CFD		Short		10,000		1.4551 GBP
ORD		CFD		Short		14,000		1.4576 GBP
ORD		CFD		Short		17,560		1.4601 GBP
ORD		CFD		Short		20,000		1.4401 GBP
ORD		CFD		Short		34,509		1.4731 GBP
ORD		CFD		Short		50,000		1.4701 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Â

Product description e.g. call option

Â

Number of securities

Â

Exercise price per unit

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

Class of relevant security

Â

Nature of dealing e.g. subscription, conversion

Â

Details

Â

Price per unit (if applicable)

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 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. 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

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Â

NO

Date of disclosure:	Â	29 Feb 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	020 7116 2913

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 dealing disclosure requirements on [phone].

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