Morgan Stanley & Co. Int'l 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:

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

J Sainsbury Plc

(c) Name of the party to the offer with which exempt principal trader is connected:

J Sainsbury Plc

(d) Date dealing undertaken:

27 MAY 2016

(e)Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?

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

Lowest price per unit paid/received

28 4/7p ordinary

PURCHASES

1,293,994

2.6970 GBP

2.6700 GBP

28 4/7p ordinary

SALES

1,844,882

2.6940 GBP

2.6630 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

28 4/7p ordinary

CFD

LONG

23,149

2.6790 GBP

28 4/7p ordinary

CFD

LONG

2,784

2.6820 GBP

28 4/7p ordinary

CFD

LONG

530

2.6820 GBP

28 4/7p ordinary

CFD

LONG

2,104

2.6820 GBP

28 4/7p ordinary

CFD

LONG

9,600

2.6829 GBP

28 4/7p ordinary

CFD

LONG

21,251

2.6834 GBP

28 4/7p ordinary

CFD

LONG

916

2.6834 GBP

28 4/7p ordinary

CFD

LONG

17,293

2.6834 GBP

28 4/7p ordinary

CFD

LONG

1,604

2.6840 GBP

28 4/7p ordinary

CFD

LONG

404

2.6840 GBP

28 4/7p ordinary

CFD

LONG

2,123

2.6840 GBP

28 4/7p ordinary

CFD

LONG

82,253

2.6840 GBP

28 4/7p ordinary

CFD

LONG

12,544

2.6840 GBP

28 4/7p ordinary

CFD

LONG

2,200

2.6851 GBP

28 4/7p ordinary

CFD

LONG

2,700

2.6851 GBP

28 4/7p ordinary

CFD

LONG

15,563

2.6851 GBP

28 4/7p ordinary

CFD

LONG

84,540

2.6853 GBP

28 4/7p ordinary

CFD

LONG

60,885

2.6853 GBP

28 4/7p ordinary

CFD

LONG

1,189

2.6854 GBP

28 4/7p ordinary

CFD

LONG

38,342

2.6862 GBP

28 4/7p ordinary

CFD

LONG

49,830

2.6862 GBP

28 4/7p ordinary

CFD

LONG

4,960

2.6866 GBP

28 4/7p ordinary

CFD

LONG

1,238

2.6869 GBP

28 4/7p ordinary

CFD

LONG

4,915

2.6869 GBP

28 4/7p ordinary

CFD

LONG

32,891

2.6869 GBP

28 4/7p ordinary

CFD

LONG

6,505

2.6870 GBP

28 4/7p ordinary

CFD

LONG

21,285

2.6876 GBP

28 4/7p ordinary

CFD

LONG

4,166

2.6879 GBP

28 4/7p ordinary

CFD

LONG

630

2.6879 GBP

28 4/7p ordinary

CFD

LONG

15,522

2.6879 GBP

28 4/7p ordinary

CFD

LONG

44,113

2.6930 GBP

28 4/7p ordinary

CFD

LONG

826

2.6930 GBP

28 4/7p ordinary

CFD

LONG

5,354

2.6930 GBP

28 4/7p ordinary

CFD

LONG

3,660

2.6930 GBP

28 4/7p ordinary

CFD

LONG

1,842

2.6930 GBP

28 4/7p ordinary

CFD

SHORT

3,207

2.6833 GBP

28 4/7p ordinary

CFD

SHORT

16,501

2.6839 GBP

28 4/7p ordinary

CFD

SHORT

5

2.6847 GBP

28 4/7p ordinary

CFD

SHORT

3,976

2.6847 GBP

28 4/7p ordinary

CFD

SHORT

106

2.6847 GBP

28 4/7p ordinary

CFD

SHORT

3

2.6847 GBP

28 4/7p ordinary

CFD

SHORT

2,083

2.6847 GBP

28 4/7p ordinary

CFD

SHORT

1,835

2.6850 GBP

28 4/7p ordinary

CFD

SHORT

20,251

2.6851 GBP

28 4/7p ordinary

CFD

SHORT

46,518

2.6855 GBP

28 4/7p ordinary

CFD

SHORT

117,688

2.6859 GBP

28 4/7p ordinary

CFD

SHORT

96,166

2.6863 GBP

28 4/7p ordinary

CFD

SHORT

1,372

2.6867 GBP

28 4/7p ordinary

CFD

SHORT

9,236

2.6867 GBP

28 4/7p ordinary

CFD

SHORT

13,078

2.6867 GBP

28 4/7p ordinary

CFD

SHORT

38,723

2.6873 GBP

28 4/7p ordinary

CFD

SHORT

24,748

2.6877 GBP

28 4/7p ordinary

CFD

SHORT

21,776

2.6897 GBP

28 4/7p ordinary

CFD

SHORT

31,683

2.6898 GBP

28 4/7p ordinary

CFD

SHORT

1,675

2.6898 GBP

28 4/7p ordinary

CFD

SHORT

50,858

2.6898 GBP

28 4/7p ordinary

CFD

SHORT

2,164

2.6908 GBP

28 4/7p ordinary

CFD

SHORT

40,238

2.6931 GBP

28 4/7p ordinary

CFD

SHORT

10,239

2.6970 GBP

(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

Typee.g. American, European etc.

Expiry date

Option money paid/ received per unit

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

(ii) Exercise

Class of relevant security

Product descriptione.g. call option

Number of securities

Exercise price per unit

N/A

N/A

N/A

N/A

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

Class of relevant security

Nature of dealinge.g. subscription, conversion

Details

Price per unit (if applicable)

N/A

N/A

N/A

N/A

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

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:

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:

31 MAY 2016

Contact name:

Craig Horsley

Telephone number:

+44(141) 245 7736

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

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

J. Sainsbury plc published this content on 31 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 May 2016 06:11:07 UTC.

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