Form 8.5 (EPT/RI)

RNS Number : 9864E

GoldmanSachs International

16 March 2022

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	PEARSON PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	PEARSON PLC
(d) Date dealing undertaken:	15 March 2022
(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"	N/A

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

25p ordinary

Purchases

2,923,764

8.2840 GBP

7.5460 GBP

25p ordinary

Sales

756,135

8.2760 GBP

7.5300 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
25p ordinary	CFD	Reducing a short position	25,000	7.5576 GBP
25p ordinary	CFD	Reducing a short position	3,718	7.6095 GBP
25p ordinary	CFD	Increasing a short position	989	7.6540 GBP
25p ordinary	CFD	Reducing a long position	5,607	7.7754 GBP
25p ordinary	CFD	Reducing a long position	7,498	7.7754 GBP
25p ordinary	CFD	Reducing a long position	30,451	7.7754 GBP
25p ordinary	CFD	Reducing a long position	6,444	7.7754 GBP
25p ordinary	CFD	Reducing a long position	2,297	7.8983 GBP
25p ordinary	CFD	Reducing a long position	121,807	7.8983 GBP
25p ordinary	CFD	Reducing a long position	53,470	7.8983 GBP
25p ordinary	CFD	Reducing a long position	22,426	7.8983 GBP
25p ordinary	CFD	Increasing a short position	37,827	8.0945 GBP
25p ordinary	CFD	Reducing a short position	24,200	8.1422 GBP
25p ordinary	CFD	Opening a long position	73	8.1443 GBP
25p ordinary	CFD	Increasing a long position	325	8.1451 GBP
25p ordinary	CFD	Opening a long position	370	8.1451 GBP
25p ordinary	CFD	Opening a long position	146	8.1451 GBP
25p ordinary	CFD	Reducing a long position	11,748	8.1838 GBP
25p ordinary	CFD	Reducing a long position	133,675	8.1838 GBP
25p ordinary	CFD	Reducing a long position	29,383	8.1838 GBP
25p ordinary	CFD	Reducing a long position	395,870	8.1838 GBP
25p ordinary	CFD	Reducing a long position	6,438	8.1838 GBP
25p ordinary	CFD	Reducing a long position	72,886	8.1838 GBP
25p ordinary	CFD	Reducing a long position	2,546	8.1983 GBP
25p ordinary	CFD	Reducing a long position	22,426	8.2008 GBP
25p ordinary	CFD	Reducing a long position	121,807	8.2008 GBP
25p ordinary	CFD	Reducing a long position	55,767	8.2008 GBP
25p ordinary	CFD	Reducing a long position	6,536	8.2018 GBP
25p ordinary	CFD	Reducing a short position	14,656	8.2044 GBP
25p ordinary	CFD	Reducing a long position	24,773	8.2085 GBP
25p ordinary	CFD	Reducing a long position	114,645	8.2085 GBP
25p ordinary	CFD	Reducing a long position	304,516	8.2085 GBP
25p ordinary	CFD	Reducing a long position	56,066	8.2085 GBP
25p ordinary	CFD	Reducing a short position	18,804	8.2157 GBP
25p ordinary	CFD	Reducing a short position	34,905	8.2202 GBP
25p ordinary	CFD	Reducing a short position	59,906	8.2202 GBP
25p ordinary	CFD	Reducing a long position	61,175	8.2226 GBP
25p ordinary	CFD	Reducing a long position	133,619	8.2226 GBP
25p ordinary	CFD	Reducing a long position	24,601	8.2226 GBP
25p ordinary	CFD	Reducing a long position	200,000	8.2262 GBP
25p ordinary	CFD	Reducing a short position	32,762	8.2271 GBP
25p ordinary	CFD	Reducing a long position	13,515	8.2350 GBP
25p ordinary	CFD	Reducing a long position	12,141	8.2350 GBP
25p ordinary	CFD	Reducing a long position	190	8.2351 GBP
25p ordinary	CFD	Reducing a long position	91	8.2351 GBP
25p ordinary	CFD	Reducing a long position	329,602	8.2382 GBP
25p ordinary	CFD	Reducing a long position	11,232	8.2493 GBP
25p ordinary	CFD	Reducing a long position	12,504	8.2493 GBP
25p ordinary	CFD	Reducing a long position	176	8.2494 GBP
25p ordinary	CFD	Reducing a long position	84	8.2494 GBP
25p ordinary	CFD	Reducing a long position	226	8.2539 GBP
25p ordinary	CFD	Reducing a long position	14,416	8.2539 GBP
25p ordinary	CFD	Reducing a long position	16,048	8.2540 GBP
25p ordinary	CFD	Reducing a long position	108	8.2540 GBP
25p ordinary	CFD	Reducing a short position	65,218	8.2593 GBP
25p ordinary	CFD	Increasing a short position	1,164	8.2681 GBP
25p ordinary	CFD	Reducing a long position	943	8.2692 GBP

(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:	16 March 2022
Contact name:	Papa Lette and Andrzej Szyszka
Telephone number:	+33(1) 4212 1459 / +48(22) 317 4817

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

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

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END

FERBBGDXIDBDGDL

RNS Number : 9864E

GoldmanSachs International

16 March 2022

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	PEARSON PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	PEARSON PLC
(d) Date dealing undertaken:	15 March 2022
(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"	N/A

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

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

25p ordinary

Purchases

2,923,764

8.2840 GBP

7.5460 GBP

25p ordinary

Sales

756,135

8.2760 GBP

7.5300 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
25p ordinary	CFD	Reducing a short position	25,000	7.5576 GBP
25p ordinary	CFD	Reducing a short position	3,718	7.6095 GBP
25p ordinary	CFD	Increasing a short position	989	7.6540 GBP
25p ordinary	CFD	Reducing a long position	5,607	7.7754 GBP
25p ordinary	CFD	Reducing a long position	7,498	7.7754 GBP
25p ordinary	CFD	Reducing a long position	30,451	7.7754 GBP
25p ordinary	CFD	Reducing a long position	6,444	7.7754 GBP
25p ordinary	CFD	Reducing a long position	2,297	7.8983 GBP
25p ordinary	CFD	Reducing a long position	121,807	7.8983 GBP
25p ordinary	CFD	Reducing a long position	53,470	7.8983 GBP
25p ordinary	CFD	Reducing a long position	22,426	7.8983 GBP
25p ordinary	CFD	Increasing a short position	37,827	8.0945 GBP
25p ordinary	CFD	Reducing a short position	24,200	8.1422 GBP
25p ordinary	CFD	Opening a long position	73	8.1443 GBP
25p ordinary	CFD	Increasing a long position	325	8.1451 GBP
25p ordinary	CFD	Opening a long position	370	8.1451 GBP
25p ordinary	CFD	Opening a long position	146	8.1451 GBP
25p ordinary	CFD	Reducing a long position	11,748	8.1838 GBP
25p ordinary	CFD	Reducing a long position	133,675	8.1838 GBP
25p ordinary	CFD	Reducing a long position	29,383	8.1838 GBP
25p ordinary	CFD	Reducing a long position	395,870	8.1838 GBP
25p ordinary	CFD	Reducing a long position	6,438	8.1838 GBP
25p ordinary	CFD	Reducing a long position	72,886	8.1838 GBP
25p ordinary	CFD	Reducing a long position	2,546	8.1983 GBP
25p ordinary	CFD	Reducing a long position	22,426	8.2008 GBP
25p ordinary	CFD	Reducing a long position	121,807	8.2008 GBP
25p ordinary	CFD	Reducing a long position	55,767	8.2008 GBP
25p ordinary	CFD	Reducing a long position	6,536	8.2018 GBP
25p ordinary	CFD	Reducing a short position	14,656	8.2044 GBP
25p ordinary	CFD	Reducing a long position	24,773	8.2085 GBP
25p ordinary	CFD	Reducing a long position	114,645	8.2085 GBP
25p ordinary	CFD	Reducing a long position	304,516	8.2085 GBP
25p ordinary	CFD	Reducing a long position	56,066	8.2085 GBP
25p ordinary	CFD	Reducing a short position	18,804	8.2157 GBP
25p ordinary	CFD	Reducing a short position	34,905	8.2202 GBP
25p ordinary	CFD	Reducing a short position	59,906	8.2202 GBP
25p ordinary	CFD	Reducing a long position	61,175	8.2226 GBP
25p ordinary	CFD	Reducing a long position	133,619	8.2226 GBP
25p ordinary	CFD	Reducing a long position	24,601	8.2226 GBP
25p ordinary	CFD	Reducing a long position	200,000	8.2262 GBP
25p ordinary	CFD	Reducing a short position	32,762	8.2271 GBP
25p ordinary	CFD	Reducing a long position	13,515	8.2350 GBP
25p ordinary	CFD	Reducing a long position	12,141	8.2350 GBP
25p ordinary	CFD	Reducing a long position	190	8.2351 GBP
25p ordinary	CFD	Reducing a long position	91	8.2351 GBP
25p ordinary	CFD	Reducing a long position	329,602	8.2382 GBP
25p ordinary	CFD	Reducing a long position	11,232	8.2493 GBP
25p ordinary	CFD	Reducing a long position	12,504	8.2493 GBP
25p ordinary	CFD	Reducing a long position	176	8.2494 GBP
25p ordinary	CFD	Reducing a long position	84	8.2494 GBP
25p ordinary	CFD	Reducing a long position	226	8.2539 GBP
25p ordinary	CFD	Reducing a long position	14,416	8.2539 GBP
25p ordinary	CFD	Reducing a long position	16,048	8.2540 GBP
25p ordinary	CFD	Reducing a long position	108	8.2540 GBP
25p ordinary	CFD	Reducing a short position	65,218	8.2593 GBP
25p ordinary	CFD	Increasing a short position	1,164	8.2681 GBP
25p ordinary	CFD	Reducing a long position	943	8.2692 GBP

(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

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:	16 March 2022
Contact name:	Papa Lette and Andrzej Szyszka
Telephone number:	+33(1) 4212 1459 / +48(22) 317 4817

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

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

END

FERBBGDXIDBDGDL

TIDM	PSON
Share Price	1,322.50p0.92%
Market Cap	£7.95bn

Date	16 Mar 2022
Time	11:29:56
Category	Holding(s) in company
ID	9864E

TIDM	PSON
Share Price	1,322.50p0.92%
Market Cap	£7.95bn

Date	16 Mar 2022
Time	11:29:56
Category	Holding(s) in company
ID	9864E

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Form 8.5 (EPT/RI)

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