Form 8.5 (EPT/RI) - Replcement of Alphawave | Company Announcement

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Obtains access to the information in a personal capacity;
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.

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(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	Alphawave IP Group plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Alphawave IP Group plc
(d) Date dealing undertaken:	26 November 2025
(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"	YES - Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated)

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
1p ordinary	PURCHASES	3,036,568	2.0360 GBP	1.9770 GBP
1p ordinary	SALES	3,273,356	2.0360 GBP	1.9833 GBP
1p ordinary	PURCHASES	1,983,151	2.6923 USD	2.6183 USD
1p ordinary	SALES	5,248,017	2.6928 USD	2.6399 USD

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	increasing a long position	51,432	2.0360 GBP
1p ordinary	CFD	increasing a short position	487	2.0048 GBP
1p ordinary	CFD	increasing a short position	13,294	2.0100 GBP
1p ordinary	CFD	increasing a short position	11,008	2.0111 GBP
1p ordinary	CFD	increasing a short position	50,000	2.0158 GBP
1p ordinary	CFD	increasing a short position	16,939	2.0204 GBP
1p ordinary	CFD	increasing a short position	8,075	2.0204 GBP
1p ordinary	CFD	increasing a short position	1,684	2.0204 GBP
1p ordinary	CFD	increasing a short position	4,781	2.0204 GBP
1p ordinary	CFD	increasing a short position	5,512	2.0215 GBP
1p ordinary	CFD	increasing a short position	900	2.6183 USD
1p ordinary	CFD	increasing a short position	24,082	2.6183 USD
1p ordinary	CFD	increasing a short position	8,000	2.6183 USD
1p ordinary	CFD	increasing a short position	3,600	2.6183 USD
1p ordinary	CFD	increasing a short position	9,800	2.6183 USD
1p ordinary	CFD	increasing a short position	11,200	2.6183 USD
1p ordinary	CFD	increasing a short position	200,000	2.6520 USD
1p ordinary	CFD	increasing a short position	510,359	2.6602 USD
1p ordinary	CFD	increasing a short position	150,000	2.6682 USD
1p ordinary	CFD	increasing a short position	108,044	2.6689 USD
1p ordinary	CFD	reducing a long position	39,983	2.0048 GBP
1p ordinary	CFD	reducing a long position	10,955	2.0057 GBP
1p ordinary	CFD	reducing a long position	14,054	2.0111 GBP
1p ordinary	CFD	reducing a long position	90	2.0156 GBP
1p ordinary	CFD	reducing a long position	978	2.0212 GBP
1p ordinary	CFD	reducing a long position	7,205	2.0231 GBP
1p ordinary	CFD	reducing a long position	4,244	2.0292 GBP
1p ordinary	CFD	reducing a long position	1,496	2.0299 GBP
1p ordinary	CFD	reducing a long position	799	2.0300 GBP
1p ordinary	CFD	reducing a long position	250,332	2.0360 GBP
1p ordinary	CFD	reducing a short position	61	2.0008 GBP
1p ordinary	CFD	reducing a short position	281,485	2.0060 GBP
1p ordinary	CFD	reducing a short position	13,724	2.0075 GBP
1p ordinary	CFD	reducing a short position	13,294	2.0120 GBP
1p ordinary	CFD	reducing a short position	13,724	2.0122 GBP
1p ordinary	CFD	reducing a short position	8,504	2.0173 GBP
1p ordinary	CFD	reducing a short position	13,724	2.0215 GBP
1p ordinary	CFD	reducing a short position	13,724	2.0222 GBP
1p ordinary	CFD	reducing a short position	4,863	2.0298 GBP
1p ordinary	CFD	reducing a short position	487	2.0320 GBP
1p ordinary	CFD	reducing a short position	5,521	2.0360 GBP
1p ordinary	CFD	reducing a short position	693	2.0360 GBP
1p ordinary	CFD	reducing a short position	980	2.0360 GBP
1p ordinary	CFD	reducing a short position	495,085	2.6629 USD
1p ordinary	CFD	reducing a short position	1,775,192	2.6629 USD
1p ordinary	CFD	reducing a short position	662,882	2.6629 USD
1p ordinary	CFD	reducing a short position	1,787,006	2.6650 USD

Date of disclosure:	02 December 2025
Contact name:	Claire Gordon
Telephone number:	+44 141 245-8893

Form 8.5 (EPT/RI) - Replcement of Alphawave

Date of disclosure:

Contact name:

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