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

BELLWAY PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

CREST NICHOLSON HOLDINGS PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

12 Aug 2024

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

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:

1,309,124

1.10%

53,167

0.04%

(2)

Cash-settled derivatives:

and/or controlled:

37,822

0.03%

1,147,056

0.96%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,346,946

1.13%

1,200,223

1.01%

(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)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

12.5p ordinary

Purchase

44,076

28.2600 GBP

27.7664 GBP

12.5p ordinary

Sale

48,161

28.2989 GBP

27.7692 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

12.5p ordinary

CFD

Decreasing Short

1,424

28.1600 GBP

12.5p ordinary

CFD

Decreasing Short

76

28.2989 GBP

12.5p ordinary

CFD

Increasing Short

1,950

27.9617 GBP

12.5p ordinary

CFD

Increasing Short

120

28.0047 GBP

12.5p ordinary

CFD

Increasing Short

3,640

28.0294 GBP

12.5p ordinary

CFD

Increasing Short

1,500

28.1907 GBP

12.5p ordinary

SWAP

Decreasing Short

271

27.9243 GBP

12.5p ordinary

SWAP

Increasing Short

115

28.0481 GBP

12.5p ordinary

SWAP

Decreasing Long

4,790

28.1671 GBP

12.5p ordinary

SWAP

Decreasing Long

3

28.1833 GBP

12.5p ordinary

SWAP

Decreasing Long

245

28.1842 GBP

12.5p ordinary

SWAP

Decreasing Short

34

27.8000 GBP

12.5p ordinary

SWAP

Decreasing Short

1,316

28.0108 GBP

12.5p ordinary

SWAP

Decreasing Short

16,187

28.0189 GBP

12.5p ordinary

SWAP

Increasing Short

34

28.0800 GBP

12.5p ordinary

SWAP

Increasing Short

2,048

28.1547 GBP

12.5p ordinary

SWAP

Increasing Short

1,575

28.1600 GBP

12.5p ordinary

SWAP

Increasing Short

2,206

28.1789 GBP

12.5p ordinary

SWAP

Increasing Short

20

28.2800 GBP

12.5p ordinary

SWAP

Decreasing Short

68

27.9680 GBP

12.5p ordinary

SWAP

Decreasing Short

228

27.9870 GBP

12.5p ordinary

SWAP

Decreasing Short

40

28.0397 GBP

12.5p ordinary

SWAP

Decreasing Short

8,979

28.1597 GBP

12.5p ordinary

SWAP

Decreasing Short

87

28.1797 GBP

12.5p ordinary

SWAP

Decreasing Short

193

28.1875 GBP

12.5p ordinary

SWAP

Decreasing Short

123

28.1997 GBP

12.5p ordinary

SWAP

Increasing Short

302

27.9406 GBP

12.5p ordinary

SWAP

Increasing Short

362

28.0922 GBP

12.5p ordinary

SWAP

Increasing Short

79

28.1402 GBP

12.5p ordinary

SWAP

Increasing Short

17

28.1802 GBP

12.5p ordinary

SWAP

Increasing Short

870

27.9323 GBP

12.5p ordinary

SWAP

Increasing Short

4,016

27.9648 GBP

12.5p ordinary

SWAP

Increasing Short

1,111

27.9959 GBP

12.5p ordinary

SWAP

Increasing Short

1,096

28.0083 GBP

12.5p ordinary

SWAP

Increasing Short

987

28.0209 GBP

12.5p ordinary

SWAP

Increasing Short

974

28.0225 GBP

12.5p ordinary

SWAP

Increasing Short

833

28.0230 GBP

12.5p ordinary

SWAP

Increasing Short

740

28.0640 GBP

12.5p ordinary

SWAP

Increasing Short

1,521

28.0646 GBP

12.5p ordinary

SWAP

Increasing Short

2,010

28.1477 GBP

12.5p ordinary

SWAP

Increasing Short

502

28.1496 GBP

12.5p ordinary

SWAP

Increasing Short

732

28.1835 GBP

12.5p ordinary

SWAP

Decreasing Short

2,691

28.0769 GBP

12.5p ordinary

SWAP

Decreasing Short

2,249

27.9888 GBP

12.5p ordinary

SWAP

Decreasing Short

655

27.9975 GBP

12.5p ordinary

SWAP

Increasing Short

308

27.9266 GBP

12.5p ordinary

SWAP

Increasing Short

393

28.0071 GBP

12.5p ordinary

SWAP

Increasing Short

543

28.1600 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

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:

13 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213