Form 8.5 (EPT/NON-RI) BELLWAY PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose relevant securities this form relates:

BELLWAY PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

CREST NICHOLSON HOLDINGS PLC

(d)

Date position held/dealing undertaken:

03 Jul 2024

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: CREST NICHOLSON HOLDINGS PLC

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

12.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,060,311

0.89%

248,253

0.21%

(2) Cash-settled derivatives:

198,067

0.17%

1,005,369

0.85%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

1,258,378

1.06%

1,253,622

1.05%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

12.5p ordinary

Purchase

29800

26.1499 GBP

25.7200 GBP

12.5p ordinary

Sale

70682

26.1413 GBP

25.7200 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

12.5p ordinary

CFD

Decreasing Short

856

25.7670 GBP

12.5p ordinary

CFD

Decreasing Short

1,045

25.9164 GBP

12.5p ordinary

CFD

Decreasing Short

438

26.0450 GBP

12.5p ordinary

CFD

Decreasing Short

5,695

26.1379 GBP

12.5p ordinary

CFD

Increasing Short

478

25.7705 GBP

12.5p ordinary

CFD

Increasing Short

692

25.8015 GBP

12.5p ordinary

CFD

Increasing Short

696

25.9042 GBP

12.5p ordinary

CFD

Increasing Short

856

26.1400 GBP

12.5p ordinary

SWAP

Opening Short

6

26.0000 GBP

12.5p ordinary

SWAP

Increasing Long

58

25.8941 GBP

12.5p ordinary

SWAP

Increasing Long

1,326

25.9772 GBP

12.5p ordinary

SWAP

Decreasing Long

419

25.9798 GBP

12.5p ordinary

SWAP

Closing Long

1,716

26.1400 GBP

12.5p ordinary

SWAP

Decreasing Short

596

25.9736 GBP

12.5p ordinary

SWAP

Decreasing Short

11,139

26.1400 GBP

12.5p ordinary

SWAP

Increasing Short

45

25.8200 GBP

12.5p ordinary

SWAP

Increasing Short

1,704

25.8338 GBP

12.5p ordinary

SWAP

Increasing Short

426

26.1332 GBP

12.5p ordinary

SWAP

Increasing Long

120

25.9227 GBP

12.5p ordinary

SWAP

Increasing Long

128

25.9810 GBP

12.5p ordinary

SWAP

Increasing Long

1,007

26.0103 GBP

12.5p ordinary

SWAP

Increasing Long

1,441

26.0345 GBP

12.5p ordinary

SWAP

Increasing Long

3,534

26.1398 GBP

12.5p ordinary

SWAP

Decreasing Long

96

25.8001 GBP

12.5p ordinary

SWAP

Decreasing Long

1,442

25.8149 GBP

12.5p ordinary

SWAP

Decreasing Long

172

25.8408 GBP

12.5p ordinary

SWAP

Decreasing Long

691

25.8452 GBP

12.5p ordinary

SWAP

Decreasing Long

293

25.8656 GBP

12.5p ordinary

SWAP

Decreasing Long

1,375

25.8779 GBP

12.5p ordinary

SWAP

Decreasing Long

265

25.9386 GBP

12.5p ordinary

SWAP

Decreasing Long

86

26.0234 GBP

12.5p ordinary

SWAP

Decreasing Long

32

26.1001 GBP

12.5p ordinary

SWAP

Decreasing Long

31

25.8434 GBP

12.5p ordinary

SWAP

Decreasing Long

1,204

25.8440 GBP

12.5p ordinary

SWAP

Decreasing Long

1,211

25.8575 GBP

12.5p ordinary

SWAP

Decreasing Long

2,223

25.8869 GBP

12.5p ordinary

SWAP

Decreasing Long

1,989

25.9144 GBP

12.5p ordinary

SWAP

Closing Long

952

25.9724 GBP

12.5p ordinary

SWAP

Decreasing Short

300

26.0773 GBP

12.5p ordinary

SWAP

Opening Long

707

26.0550 GBP

12.5p ordinary

SWAP

Increasing Long

690

26.0649 GBP

12.5p ordinary

SWAP

Increasing Long

20,527

26.1373 GBP

12.5p ordinary

SWAP

Increasing Long

1,864

26.1394 GBP

12.5p ordinary

SWAP

Decreasing Short

3,426

26.0510 GBP

12.5p ordinary

SWAP

Increasing Short

3,441

26.1502 GBP

12.5p ordinary

SWAP

Increasing Long

734

25.9512 GBP

12.5p ordinary

SWAP

Increasing Long

7,131

26.1400 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings 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:

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 of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

04 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213