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:

01 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:

1,154,917

0.97%

172,534

0.15%

(2) Cash-settled derivatives:

131,127

0.11%

1,009,960

0.85%

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

0

0.00%

0

0.00%

TOTAL: 

1,286,044

1.08%

1,182,494

0.99%

(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

184527

28.8340 GBP

28.3216 GBP

12.5p ordinary

Sale

115554

28.8100 GBP

28.3400 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

33

28.3581 GBP

12.5p ordinary

CFD

Decreasing Short

2,580

28.4374 GBP

12.5p ordinary

CFD

Decreasing Short

175

28.4774 GBP

12.5p ordinary

CFD

Decreasing Short

87

28.6966 GBP

12.5p ordinary

CFD

Decreasing Short

48

28.7752 GBP

12.5p ordinary

CFD

Increasing Short

175

28.4400 GBP

12.5p ordinary

CFD

Increasing Short

388

28.4798 GBP

12.5p ordinary

CFD

Increasing Short

103

28.5267 GBP

12.5p ordinary

SWAP

Decreasing Short

143

28.4776 GBP

12.5p ordinary

SWAP

Increasing Short

63

28.5799 GBP

12.5p ordinary

SWAP

Opening Long

6

28.4400 GBP

12.5p ordinary

SWAP

Opening Short

25

28.8000 GBP

12.5p ordinary

SWAP

Increasing Long

14,866

28.3947 GBP

12.5p ordinary

SWAP

Increasing Long

1,153

28.7248 GBP

12.5p ordinary

SWAP

Decreasing Long

5,189

28.4394 GBP

12.5p ordinary

SWAP

Closing Long

12,550

28.4400 GBP

12.5p ordinary

SWAP

Decreasing Short

135

28.4192 GBP

12.5p ordinary

SWAP

Decreasing Short

4,446

28.4400 GBP

12.5p ordinary

SWAP

Decreasing Short

1,289

28.5054 GBP

12.5p ordinary

SWAP

Increasing Short

5,920

28.4400 GBP

12.5p ordinary

SWAP

Increasing Short

1

28.5400 GBP

12.5p ordinary

SWAP

Increasing Short

1,870

28.5534 GBP

12.5p ordinary

SWAP

Increasing Short

16,799

28.5559 GBP

12.5p ordinary

SWAP

Increasing Short

206

28.6445 GBP

12.5p ordinary

SWAP

Increasing Long

8

28.3597 GBP

12.5p ordinary

SWAP

Increasing Long

2

28.3797 GBP

12.5p ordinary

SWAP

Increasing Long

16

28.3820 GBP

12.5p ordinary

SWAP

Increasing Long

1,218

28.4291 GBP

12.5p ordinary

SWAP

Increasing Long

46

28.4327 GBP

12.5p ordinary

SWAP

Increasing Long

586

28.5421 GBP

12.5p ordinary

SWAP

Increasing Long

2,240

28.6635 GBP

12.5p ordinary

SWAP

Increasing Long

116

28.7918 GBP

12.5p ordinary

SWAP

Decreasing Long

1,239

28.4070 GBP

12.5p ordinary

SWAP

Decreasing Long

4,833

28.4402 GBP

12.5p ordinary

SWAP

Decreasing Long

493

28.4590 GBP

12.5p ordinary

SWAP

Decreasing Long

1,606

28.4657 GBP

12.5p ordinary

SWAP

Decreasing Long

152

28.4775 GBP

12.5p ordinary

SWAP

Decreasing Long

48

28.7097 GBP

12.5p ordinary

SWAP

Decreasing Long

87

28.7221 GBP

12.5p ordinary

SWAP

Decreasing Short

14

28.5998 GBP

12.5p ordinary

SWAP

Decreasing Long

190

28.4009 GBP

12.5p ordinary

SWAP

Decreasing Long

7,330

28.4274 GBP

12.5p ordinary

SWAP

Decreasing Long

63

28.4816 GBP

12.5p ordinary

SWAP

Closing Long

697

28.6271 GBP

12.5p ordinary

SWAP

Decreasing Short

39

28.4346 GBP

12.5p ordinary

SWAP

Decreasing Long

801

28.4404 GBP

12.5p ordinary

SWAP

Decreasing Long

1,602

28.5522 GBP

12.5p ordinary

SWAP

Decreasing Long

1,602

28.8028 GBP

12.5p ordinary

SWAP

Decreasing Short

2,577

28.4930 GBP

12.5p ordinary

SWAP

Increasing Short

4,474

28.4400 GBP

12.5p ordinary

SWAP

Increasing Short

2

28.5200 GBP

12.5p ordinary

SWAP

Increasing Short

4,010

28.5928 GBP

12.5p ordinary

SWAP

Increasing Short

1,958

28.6421 GBP

12.5p ordinary

SWAP

Increasing Short

1,217

28.6600 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:

02 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213