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:

08 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:

1,314,676

1.10%

54,750

0.05%

(2)

Cash-settled derivatives:

and/or controlled:

39,977

0.03%

1,148,952

0.97%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,354,653

1.14%

1,203,702

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

143,275

26.7800 GBP

26.5416 GBP

12.5p ordinary

Sale

27,924

26.7600 GBP

26.5800 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

1,746

26.7343 GBP

12.5p ordinary

CFD

Decreasing Short

66

26.7356 GBP

12.5p ordinary

CFD

Increasing Short

28,561

26.5800 GBP

12.5p ordinary

CFD

Increasing Short

399

26.6799 GBP

12.5p ordinary

CFD

Increasing Short

266

26.6819 GBP

12.5p ordinary

CFD

Increasing Short

404

26.6834 GBP

12.5p ordinary

CFD

Increasing Short

389

26.7028 GBP

12.5p ordinary

SWAP

Decreasing Short

237

26.7199 GBP

12.5p ordinary

SWAP

Increasing Short

97

26.6399 GBP

12.5p ordinary

SWAP

Opening Short

6

26.5816 GBP

12.5p ordinary

SWAP

Increasing Long

2,973

26.5885 GBP

12.5p ordinary

SWAP

Decreasing Long

2,350

26.6454 GBP

12.5p ordinary

SWAP

Decreasing Long

270

26.6586 GBP

12.5p ordinary

SWAP

Decreasing Long

1,108

26.5839 GBP

12.5p ordinary

SWAP

Decreasing Short

15

26.7998 GBP

12.5p ordinary

SWAP

Decreasing Short

5,320

26.5800 GBP

12.5p ordinary

SWAP

Decreasing Short

1,056

26.6581 GBP

12.5p ordinary

SWAP

Decreasing Short

242

26.6652 GBP

12.5p ordinary

SWAP

Increasing Short

365

26.5416 GBP

12.5p ordinary

SWAP

Increasing Short

11,441

26.5800 GBP

12.5p ordinary

SWAP

Increasing Short

83

26.7108 GBP

12.5p ordinary

SWAP

Increasing Short

27,409

26.7396 GBP

12.5p ordinary

SWAP

Increasing Long

227

26.5754 GBP

12.5p ordinary

SWAP

Increasing Long

432

26.5806 GBP

12.5p ordinary

SWAP

Increasing Long

1,540

26.5946 GBP

12.5p ordinary

SWAP

Increasing Long

547

26.6056 GBP

12.5p ordinary

SWAP

Increasing Long

417

26.7063 GBP

12.5p ordinary

SWAP

Increasing Long

18

26.7198 GBP

12.5p ordinary

SWAP

Increasing Long

62

26.7287 GBP

12.5p ordinary

SWAP

Increasing Long

9

26.7597 GBP

12.5p ordinary

SWAP

Opening Short

18,826

26.5801 GBP

12.5p ordinary

SWAP

Increasing Short

24

26.6202 GBP

12.5p ordinary

SWAP

Increasing Short

295

26.6323 GBP

12.5p ordinary

SWAP

Increasing Short

1,153

26.6579 GBP

12.5p ordinary

SWAP

Increasing Short

1,073

26.6630 GBP

12.5p ordinary

SWAP

Increasing Short

396

26.6796 GBP

12.5p ordinary

SWAP

Increasing Short

824

26.6986 GBP

12.5p ordinary

SWAP

Increasing Short

513

26.7343 GBP

12.5p ordinary

SWAP

Increasing Short

2,953

26.7361 GBP

12.5p ordinary

SWAP

Increasing Short

7,434

26.7435 GBP

12.5p ordinary

SWAP

Increasing Short

81

26.7505 GBP

12.5p ordinary

SWAP

Opening Short

91

26.5835 GBP

12.5p ordinary

SWAP

Increasing Short

538

26.6629 GBP

12.5p ordinary

SWAP

Increasing Short

396

26.6755 GBP

12.5p ordinary

SWAP

Increasing Short

329

26.6883 GBP

12.5p ordinary

SWAP

Increasing Short

281

26.6931 GBP

12.5p ordinary

SWAP

Decreasing Short

77

26.7155 GBP

12.5p ordinary

SWAP

Increasing Short

7,160

26.7346 GBP

12.5p ordinary

SWAP

Decreasing Short

6,158

26.6017 GBP

12.5p ordinary

SWAP

Decreasing Short

400

26.5800 GBP

12.5p ordinary

SWAP

Increasing Short

9,441

26.5800 GBP

12.5p ordinary

SWAP

Increasing Short

7,265

26.7175 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:

09 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213