Edmond de Rothschild Asset Management
LSE : TTP

April 14, 2016 05:26 ET

Form 8.3 - SAINSBURY (XS1139087933)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

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(a) Full name of discloser:                   EDMOND DE ROTHSCHILD ASSET
                                              MANAGEMENT (France), for the
                                              account of the funds managed.
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(b) Owner or controller of interests and
short positions disclosed, if different from
1(a):
The naming of nominee or vehicle companies
is insufficient. For a trust, the
trustee(s), settlor and beneficiaries must
be named.
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(c) Name of offeror/offeree in relation to    SAINSBURY (XS1139087933)
whose relevant securities this form relates:
Use a separate form for each offeror/offeree
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(d) If an exempt fund manager connected with
an offeror/offeree, state this and specify
identity of offeror/offeree:
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(e) Date position held/dealing undertaken:    13th April 2016
For an opening position disclosure, state
the latest practicable date prior to the
disclosure
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(f) In addition to the company in 1(c)        NO
above, is the discloser making disclosures
in respect of any other party to the offer?
If it is a cash offer or possible cash
offer, state "N/A"
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2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the
offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure
relates following the dealing (if any)

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Class of relevant security:                  Convertible bonds due November
                                                          2019
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                                                Interests    Short positions
                                            --------------------------------
                                              Number     %  Number     %
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(1) Relevant securities owned and/or        20,900,000 4.64
controlled:
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(2) Cash-settled derivatives:
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(3) Stock-settled derivatives (including
options) and agreements to purchase/sell:
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  TOTAL:                                    20,900,000 4.64
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All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or
sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

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Class of relevant security in relation to
which subscription right exists:
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Details, including nature of the rights
concerned and relevant percentages:
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in
1(c), copy table 3(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

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    Class of relevant     Purchase/sale       Number of       Price per unit
        security                              securities
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          Bond                 Sale            200,000            108.55
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(b) Cash-settled derivative transactions

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   Class of      Product      Nature of dealing    Number of     Price per
   relevant    description           e.g.          reference        unit
   security      e.g. CFD     opening/closing a    securities
                                  long/short
                                  position,
                             increasing/reducing
                                 a long/short
                                   position
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(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

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 Class of   Product     Writing,   Number of Exercise    Type   Expiry  Option
 relevant description purchasing, securities   price     e.g.    date    money
 security  e.g. call    selling,   to which  per unit American,          paid/
             option     varying     option             European        received
                          etc.      relates              etc.          per unit
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(ii) Exercise

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    Class of         Product       Exercising/      Number of    Exercise price
    relevant       description      exercised      securities       per unit
    security    e.g. call option     against
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(d) Other dealings (including subscribing for new securities)

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 Class of relevant  Nature of dealing       Details       Price per unit (if
      security      e.g. subscription,                       applicable)
                        conversion
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4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

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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 person
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"
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives

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Details of any agreement, arrangement or understanding, formal or informal,
between the person 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"
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None
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(c) Attachments

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Is a Supplemental Form 8 (Open Positions)                   NO
attached?
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Date of disclosure:                           14h April 2016
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Contact name:                                 Lydia Ballester
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Telephone number:                             + 33 1 40 17 21 16
                                              Email : l.ballester@edr.com
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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 at monitoring@disclosure.org.uk. 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.

Contact Information

  • Edmond de Rothschild Asset Management