Rexam : Form 8.5 (EPT/RI) Rexam 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:	Deutsche Bank AG London
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Rexam Plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Ball Corp
(d) Date dealing undertaken:	15/01/2016
(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

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 GBP	Lowest price per unit paid/received GBP
80 5/14p Ordinary	Purchase	291439	6.105	5.945
80 5/14p Ordinary	Sale	260494	6.108	5.975

(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
80 5/14p Ord	CFD	Long	68279	6.105
80 5/14p Ord	CFD	Long	26095	6.030248
80 5/14p Ord	CFD	Long	11549	6.104238
80 5/14p Ord	CFD	Long	7165	6.00374
80 5/14p Ord	CFD	Long	5973	6.06012
80 5/14p Ord	CFD	Long	4971	6.060195
80 5/14p Ord	CFD	Long	4540	6.059401
80 5/14p Ord	CFD	Long	3217	6.104514
80 5/14p Ord	CFD	Long	1637	6.02
80 5/14p Ord	CFD	Long	1339	6.079126
80 5/14p Ord	CFD	Long	1114	6.104237
80 5/14p Ord	CFD	Long	835	5.999545
80 5/14p Ord	CFD	Long	739	6.045064
80 5/14p Ord	CFD	Long	457	6.024376
80 5/14p Ord	CFD	Long	360	6.10425
80 5/14p Ord	CFD	Long	166	6.02
80 5/14p Ord	CFD	Long	160	6.02
80 5/14p Ord	CFD	Long	159	6.0786
80 5/14p Ord	CFD	Long	90	6.039819
80 5/14p Ord	CFD	Long	64	6.02
80 5/14p Ord	CFD	Long	36	6.049395
80 5/14p Ord	CFD	Long	22	6.02
80 5/14p Ord	CFD	Long	14	6.02
80 5/14p Ord	CFD	Long	3	6.025993
80 5/14p Ord	CFD	Short	140576	6.076349
80 5/14p Ord	CFD	Short	16901	5.997297
80 5/14p Ord	CFD	Short	9136	6.041525
80 5/14p Ord	CFD	Short	1637	6.02
80 5/14p Ord	CFD	Short	1509	6.065613
80 5/14p Ord	CFD	Short	764	6.026289
80 5/14p Ord	CFD	Short	743	6.038229
80 5/14p Ord	CFD	Short	706	6.039516
80 5/14p Ord	CFD	Short	459	6.0175
80 5/14p Ord	CFD	Short	237	5.985485
80 5/14p Ord	CFD	Short	194	6.063454
80 5/14p Ord	CFD	Short	166	6.02
80 5/14p Ord	CFD	Short	160	6.02
80 5/14p Ord	CFD	Short	100	5.995
80 5/14p Ord	CFD	Short	64	6.02
80 5/14p Ord	CFD	Short	22	6.02
80 5/14p Ord	CFD	Short	14	6.02

(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

	18/01/2016
	Kelly-Jade Ledwich
	00 44 207 545 8515

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.