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:

07 Aug 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:

1,212,864

1.02%

68,289

0.06%

(2) Cash-settled derivatives:

46,993

0.04%

1,045,289

0.88%

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

0

0.00%

0

0.00%

TOTAL: 

1,259,857

1.06%

1,113,578

0.94%

(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

150260

27.2251 GBP

26.9994 GBP

12.5p ordinary

Sale

54343

27.2278 GBP

26.8800 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

2,039

27.1573 GBP

12.5p ordinary

CFD

Increasing Short

55

27.0258 GBP

12.5p ordinary

CFD

Increasing Short

2,039

27.0400 GBP

12.5p ordinary

CFD

Increasing Short

6,178

27.0421 GBP

12.5p ordinary

CFD

Increasing Short

2,272

27.0424 GBP

12.5p ordinary

CFD

Increasing Short

502

27.0990 GBP

12.5p ordinary

CFD

Increasing Short

2,585

27.1103 GBP

12.5p ordinary

CFD

Increasing Short

1,837

27.1340 GBP

12.5p ordinary

SWAP

Decreasing Short

157

27.0983 GBP

12.5p ordinary

SWAP

Increasing Short

129

27.0602 GBP

12.5p ordinary

SWAP

Increasing Short

333

27.1299 GBP

12.5p ordinary

SWAP

Increasing Long

7,035

27.0518 GBP

12.5p ordinary

SWAP

Decreasing Long

87,763

27.0400 GBP

12.5p ordinary

SWAP

Decreasing Long

1,409

27.1132 GBP

12.5p ordinary

SWAP

Decreasing Long

232

27.0440 GBP

12.5p ordinary

SWAP

Decreasing Short

6

27.1794 GBP

12.5p ordinary

SWAP

Decreasing Short

87

27.0234 GBP

12.5p ordinary

SWAP

Decreasing Short

2,794

27.0400 GBP

12.5p ordinary

SWAP

Decreasing Short

116

27.0669 GBP

12.5p ordinary

SWAP

Increasing Short

12,596

27.0400 GBP

12.5p ordinary

SWAP

Increasing Short

23

27.0800 GBP

12.5p ordinary

SWAP

Increasing Short

800

27.0956 GBP

12.5p ordinary

SWAP

Increasing Short

4,286

27.1001 GBP

12.5p ordinary

SWAP

Increasing Short

23

27.1800 GBP

12.5p ordinary

SWAP

Opening Long

10,494

27.0397 GBP

12.5p ordinary

SWAP

Increasing Long

41

27.1587 GBP

12.5p ordinary

SWAP

Increasing Long

8

27.1597 GBP

12.5p ordinary

SWAP

Increasing Long

1,555

27.1742 GBP

12.5p ordinary

SWAP

Increasing Long

95

27.1797 GBP

12.5p ordinary

SWAP

Increasing Long

1,707

27.1918 GBP

12.5p ordinary

SWAP

Increasing Long

114

27.2093 GBP

12.5p ordinary

SWAP

Increasing Long

202

27.2165 GBP

12.5p ordinary

SWAP

Increasing Long

742

27.2435 GBP

12.5p ordinary

SWAP

Decreasing Long

494

27.0839 GBP

12.5p ordinary

SWAP

Decreasing Long

214

27.0955 GBP

12.5p ordinary

SWAP

Decreasing Long

1,080

27.1123 GBP

12.5p ordinary

SWAP

Decreasing Long

603

27.1211 GBP

12.5p ordinary

SWAP

Decreasing Long

478

27.1265 GBP

12.5p ordinary

SWAP

Decreasing Long

273

27.1267 GBP

12.5p ordinary

SWAP

Decreasing Long

670

27.1294 GBP

12.5p ordinary

SWAP

Decreasing Long

1,072

27.1326 GBP

12.5p ordinary

SWAP

Decreasing Long

1,322

27.1337 GBP

12.5p ordinary

SWAP

Decreasing Long

512

27.1402 GBP

12.5p ordinary

SWAP

Closing Short

9,363

26.8800 GBP

12.5p ordinary

SWAP

Decreasing Short

5

27.1798 GBP

12.5p ordinary

SWAP

Increasing Short

166

27.1271 GBP

12.5p ordinary

SWAP

Decreasing Short

6,023

27.0781 GBP

12.5p ordinary

SWAP

Increasing Short

308

27.0754 GBP

12.5p ordinary

SWAP

Decreasing Short

445

27.0400 GBP

12.5p ordinary

SWAP

Increasing Short

6,583

27.0400 GBP

12.5p ordinary

SWAP

Increasing Short

1,664

27.1199 GBP

12.5p ordinary

SWAP

Increasing Short

725

27.1384 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:

08 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213