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:	21/01/2016
(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	236038	6.055	6.005
80 5/14p Ordinary	Sale	202094	6.055	6.008219

(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	155133	6.02
80 5/14p Ord	CFD	Long	5518	6.03
80 5/14p Ord	CFD	Long	4266	6.049243
80 5/14p Ord	CFD	Long	3648	6.049454
80 5/14p Ord	CFD	Long	3627	6.014613
80 5/14p Ord	CFD	Long	2060	6.025
80 5/14p Ord	CFD	Long	2000	6.008219
80 5/14p Ord	CFD	Long	632	6.015
80 5/14p Ord	CFD	Long	162	6.025
80 5/14p Ord	CFD	Long	139	6.049209
80 5/14p Ord	CFD	Long	138	6.03319
80 5/14p Ord	CFD	Long	1	6.015
80 5/14p Ord	CFD	Short	67596	6.05
80 5/14p Ord	CFD	Short	58071	6.045955
80 5/14p Ord	CFD	Short	41472	6.038642
80 5/14p Ord	CFD	Short	11139	6.029797
80 5/14p Ord	CFD	Short	1648	6.050152
80 5/14p Ord	CFD	Short	1307	6.050757
80 5/14p Ord	CFD	Short	632	6.015
80 5/14p Ord	CFD	Short	470	6.04
80 5/14p Ord	CFD	Short	161	6.033416
80 5/14p Ord	CFD	Short	156	6.040513
80 5/14p Ord	CFD	Short	154	6.035604
80 5/14p Ord	CFD	Short	79	6.04063
80 5/14p Ord	CFD	Short	9	6.040604
	CFD	Short	1	6.015

(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

	22/01/2016
	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.