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:

02 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:

1,165,361

0.98%

154,569

0.13%

(2)

Cash-settled derivatives:

and/or controlled:

115,184

0.10%

1,007,481

0.85%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,280,545

1.08%

1,162,050

0.98%

(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

64,536

28.3404 GBP

27.5600 GBP

12.5p ordinary

Sale

58,362

28.2800 GBP

27.6777 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

344

27.7427 GBP

12.5p ordinary

CFD

Decreasing Short

29

27.7755 GBP

12.5p ordinary

CFD

Decreasing Short

1,940

28.1267 GBP

12.5p ordinary

CFD

Decreasing Short

296

28.2112 GBP

12.5p ordinary

CFD

Increasing Short

274

27.7000 GBP

12.5p ordinary

CFD

Increasing Short

533

27.7762 GBP

12.5p ordinary

CFD

Increasing Short

181

27.8429 GBP

12.5p ordinary

CFD

Increasing Short

227

27.8693 GBP

12.5p ordinary

CFD

Increasing Short

70

28.3404 GBP

12.5p ordinary

SWAP

Decreasing Short

55

27.5600 GBP

12.5p ordinary

SWAP

Increasing Short

106

27.6548 GBP

12.5p ordinary

SWAP

Opening Long

1

27.5400 GBP

12.5p ordinary

SWAP

Opening Short

2

27.6200 GBP

12.5p ordinary

SWAP

Increasing Short

29

27.7013 GBP

12.5p ordinary

SWAP

Opening Long

126

27.7207 GBP

12.5p ordinary

SWAP

Decreasing Long

105

27.7000 GBP

12.5p ordinary

SWAP

Closing Long

2

27.9800 GBP

12.5p ordinary

SWAP

Opening Long

78

27.7419 GBP

12.5p ordinary

SWAP

Increasing Long

1,242

27.9265 GBP

12.5p ordinary

SWAP

Decreasing Long

1

27.5600 GBP

12.5p ordinary

SWAP

Decreasing Long

188

27.8411 GBP

12.5p ordinary

SWAP

Decreasing Short

1,729

27.7000 GBP

12.5p ordinary

SWAP

Decreasing Short

28

27.7600 GBP

12.5p ordinary

SWAP

Decreasing Short

3,519

27.8529 GBP

12.5p ordinary

SWAP

Decreasing Short

41

27.9800 GBP

12.5p ordinary

SWAP

Decreasing Short

89

28.0624 GBP

12.5p ordinary

SWAP

Increasing Short

34

27.6200 GBP

12.5p ordinary

SWAP

Increasing Short

3,152

27.7651 GBP

12.5p ordinary

SWAP

Increasing Long

11

27.5997 GBP

12.5p ordinary

SWAP

Increasing Long

170

27.6816 GBP

12.5p ordinary

SWAP

Increasing Long

821

27.8248 GBP

12.5p ordinary

SWAP

Increasing Long

1,153

27.8810 GBP

12.5p ordinary

SWAP

Increasing Long

167

28.1879 GBP

12.5p ordinary

SWAP

Increasing Long

246

28.2345 GBP

12.5p ordinary

SWAP

Increasing Long

3

28.3197 GBP

12.5p ordinary

SWAP

Decreasing Long

139

27.5736 GBP

12.5p ordinary

SWAP

Decreasing Long

59

27.5958 GBP

12.5p ordinary

SWAP

Decreasing Long

426

27.6521 GBP

12.5p ordinary

SWAP

Decreasing Long

70

27.6742 GBP

12.5p ordinary

SWAP

Decreasing Long

17,477

27.7002 GBP

12.5p ordinary

SWAP

Decreasing Long

734

27.7097 GBP

12.5p ordinary

SWAP

Decreasing Long

4

27.7402 GBP

12.5p ordinary

SWAP

Decreasing Long

656

27.7413 GBP

12.5p ordinary

SWAP

Decreasing Long

80

27.7807 GBP

12.5p ordinary

SWAP

Decreasing Short

15

27.5797 GBP

12.5p ordinary

SWAP

Decreasing Short

1,116

27.7000 GBP

12.5p ordinary

SWAP

Increasing Short

2,134

27.7704 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:

05 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213