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:

02 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:

1,074,115

0.90%

221,175

0.19%

(2) Cash-settled derivatives:

172,997

0.15%

1,020,520

0.86%

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

0

0.00%

0

0.00%

TOTAL: 

1,247,112

1.05%

1,241,695

1.04%

(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

21515

25.6200 GBP

25.3000 GBP

12.5p ordinary

Sale

36054

25.6600 GBP

25.3000 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

2,166

25.4729 GBP

12.5p ordinary

CFD

Decreasing Short

1,088

25.6239 GBP

12.5p ordinary

CFD

Decreasing Short

282

25.6478 GBP

12.5p ordinary

CFD

Increasing Short

1,111

25.3462 GBP

12.5p ordinary

CFD

Increasing Short

597

25.4215 GBP

12.5p ordinary

CFD

Increasing Short

103

25.4510 GBP

12.5p ordinary

CFD

Increasing Short

2,063

25.5600 GBP

12.5p ordinary

SWAP

Increasing Short

372

25.4457 GBP

12.5p ordinary

SWAP

Opening Long

160

25.4914 GBP

12.5p ordinary

SWAP

Increasing Long

1,007

25.5477 GBP

12.5p ordinary

SWAP

Decreasing Long

416

25.5605 GBP

12.5p ordinary

SWAP

Decreasing Short

38

25.4400 GBP

12.5p ordinary

SWAP

Decreasing Short

210

25.5073 GBP

12.5p ordinary

SWAP

Decreasing Short

788

25.5497 GBP

12.5p ordinary

SWAP

Decreasing Short

4,696

25.5600 GBP

12.5p ordinary

SWAP

Increasing Short

68

25.3200 GBP

12.5p ordinary

SWAP

Increasing Short

91

25.4683 GBP

12.5p ordinary

SWAP

Increasing Short

2,128

25.4967 GBP

12.5p ordinary

SWAP

Increasing Long

241

25.5398 GBP

12.5p ordinary

SWAP

Increasing Long

4,663

25.5598 GBP

12.5p ordinary

SWAP

Increasing Long

278

25.5682 GBP

12.5p ordinary

SWAP

Increasing Long

370

25.5705 GBP

12.5p ordinary

SWAP

Increasing Long

1,828

25.5720 GBP

12.5p ordinary

SWAP

Increasing Long

1,792

25.5731 GBP

12.5p ordinary

SWAP

Increasing Long

159

25.5906 GBP

12.5p ordinary

SWAP

Increasing Long

217

25.6009 GBP

12.5p ordinary

SWAP

Increasing Long

583

25.6056 GBP

12.5p ordinary

SWAP

Decreasing Long

74

25.3811 GBP

12.5p ordinary

SWAP

Decreasing Long

142

25.4334 GBP

12.5p ordinary

SWAP

Decreasing Long

912

25.4349 GBP

12.5p ordinary

SWAP

Decreasing Long

540

25.4376 GBP

12.5p ordinary

SWAP

Decreasing Long

115

25.4422 GBP

12.5p ordinary

SWAP

Decreasing Long

42

25.4535 GBP

12.5p ordinary

SWAP

Decreasing Long

61

25.4573 GBP

12.5p ordinary

SWAP

Decreasing Long

10

25.5401 GBP

12.5p ordinary

SWAP

Closing Long

1,266

25.3700 GBP

12.5p ordinary

SWAP

Decreasing Short

800

25.5686 GBP

12.5p ordinary

SWAP

Closing Long

1,403

25.6048 GBP

12.5p ordinary

SWAP

Decreasing Short

2,822

25.5331 GBP

12.5p ordinary

SWAP

Increasing Short

2,233

25.4255 GBP

12.5p ordinary

SWAP

Increasing Long

3,626

25.5600 GBP

12.5p ordinary

SWAP

Decreasing Long

335

25.4424 GBP

12.5p ordinary

SWAP

Decreasing Long

13

25.5692 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:

03 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213