UK Shorting Madness

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Truth Creates Light Edison Group UK Short Monitor Top UK Shorts February SMITH (DAVID S) HOLDINGS PLC This chart shows UK companies that were subjected to the greatest shorting activity in terms DUNELM GROUP PLC of percentage of issued share capital, in February. Kier Group plc Aston Martin Lagonda Global… EASYJET PLC Royal Mail Plc VICTREX PLC AA PLC SIG PLC WEIR GROUP PLC/THE INTU PROPERTIES PLC KINGFISHER PLC Flutter Entertainment plc TULLOW OIL PLC PEARSON PLC WOOD GROUP (JOHN) PLC METRO BANK PLC BABCOCK INTL GROUP PLC CINEWORLD GROUP HAMMERSON PLC 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 Amount Shorted (%) 2 Top Total UK Shorts PETROFAC LTD Here we demonstrate the top 20 most shorted stocks in AUTO TRADER GROUP PLC terms of % of issued share capital, at present. Arrow Global Group plc INTU PROPERTIES PLC WEIR GROUP PLC/THE TULLOW OIL PLC SIG PLC CARILLION PLC GW PHARMACEUTICALS PLC IQE PLC BABCOCK INTL GROUP PLC PEARSON PLC AA PLC HAMMERSON PLC METRO BANK PLC WOOD GROUP (JOHN) PLC DEBENHAMS PLC Flutter Entertainment plc CINEWORLD GROUP PREMIER OIL PLC 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 Amount shorted (%) 3 4 for the top 20 20 top the for February February to January January This chart shows the percentage change in shortin change percentage the shows chart This from positions above) (slide UK. the in companies shorted most PETROFAC LTD AUTO TRADER GROUP PLC Arrow Global Group plc INTU PROPERTIES PLC WEIR GROUP PLC/THE TULLOW OIL PLC SIG PLC CARILLION PLC GW PHARMACEUTICALS PLC IQE PLC BABCOCK INTL GROUP PLC PEARSON PLC AA PLC Changes in ShortChanges Positions HAMMERSON PLC METRO BANK PLC WOOD GROUP (JOHN) PLC DEBENHAMS PLC Flutter Entertainment plc CINEWORLD GROUP PREMIER OIL PLC 0.0 1.0 2.0 3.0 4.0 -2.0 -1.0 Chnage (%) Chnage FTSE Price vs Number of Shorts (52 Weeks) 950 4300 The graph shows the total number of shorts each 4250 month through the last 12 months, against the 900 FTSE 350’s price performance. 4200 850 4150 4100 800 4050 750 4000 3950 700 3900 650 3850 600 3800 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Number of shorts FTSE Price 5 Size of total shorts (£m) JPMorgan Asset Management (UK) Ltd This graph represents the top 20 hedge fund ODEY ASSET MANAGEMENT LLP shorters by value. D1 Capital Partners LP Lansdowne Partners (UK) LLP AKO Capital LLP for AKO Master Fund Limited Squarepoint Ops LLC Sculptor Capital Management Europe Limited Natixis Pelham Long/Short Master Fund Limited Citadel Europe LLP BNP PARIBAS SA Capstone Volatility Master (Cayman) Limited Henderson Global Investors GLG Partners LP BlackRock Investment Management (UK) Limited BG Master Fund PLC Marshall Wace LLP AQR Capital Management, LLC 0 200 400 600 800 1000 1200 1400 1600 1800 Size of total shorts (£m) 6.

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