26th Apr 2005 13:51
FORM 38.5 (DERIVATIVE) DEALINGS IN DERIVATIVES BY CONNECTED EXEMPT PRINCIPAL TRADERS (Rule 38.5 of The City Code on Takeovers and Mergers) Name of exempt principal trader Dresdner Kleinwort Wasserstein Securities Limited Company dealt in Crest Nicholson Plc Description of all derivative products Contracts for Differences (CFD) disclosed on this form Relevant security to which the Crest Nicholson Plc derivative is referenced Name of offeree with whom connected Crest Nicholson Plc Nature of connection # (3) Broker Full details of any agreement, None arrangement or understanding between the person disclosing and any other person relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. Date of dealing 25 April 2005 WRITING/ENTERING INTO A DERIVATIVEProduct Transaction Writing/ Number of Reference Maturityname date entering into securities to which price date (indicate as the derivative is (currency eg long CFD applicable) referenced must be stated) Short CFD 25 April Writing into 3,000 ‚£4.1000 Open 2005 ended Long CFD 25 April Writing into 2,000 ‚£4.0750 Open 2005 ended CLOSING OUT A DERIVATIVEProduct name Transaction Number of securities to Reference Closing out date which the derivative is price price eg long CFD referenced (currency (currency must be must be stated) stated) Short CFD 25 April 2,000 N/A ‚£4.1000 2005 Long CFD 25 April 3,000 N/A ‚£4.0750 2005 Date of disclosure 26 April 2005 Contact name Monica Lam Telephone number 020 7475 5827 # See the definition of "connected fund managers and principal traders" in theDefinitions Section of the Code.For details of the Code's dealing disclosure requirements, see Rules 8 and 38.5and their Notes which can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk.ENDDRESDNER KLEINWORT WASSERSTEIN SECURITIES LTDRelated Shares:
Crest Nicholson