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:

10 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:

1,072,932

0.90%

204,696

0.17%

(2) Cash-settled derivatives:

157,578

0.13%

1,011,041

0.85%

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

0

0.00%

0

0.00%

TOTAL: 

1,230,510

1.03%

1,215,737

1.02%

(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

105798

25.7200 GBP

25.3568 GBP

12.5p ordinary

Sale

35879

25.6600 GBP

25.3600 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

326

25.4984 GBP

12.5p ordinary

CFD

Decreasing Short

410

25.5589 GBP

12.5p ordinary

CFD

Increasing Short

150

25.4128 GBP

12.5p ordinary

CFD

Increasing Short

939

25.5219 GBP

12.5p ordinary

CFD

Increasing Short

176

25.5600 GBP

12.5p ordinary

CFD

Increasing Short

2,265

25.6197 GBP

12.5p ordinary

SWAP

Decreasing Short

92

25.7199 GBP

12.5p ordinary

SWAP

Increasing Short

104

25.4218 GBP

12.5p ordinary

SWAP

Increasing Short

902

25.5612 GBP

12.5p ordinary

SWAP

Decreasing Short

69

25.5243 GBP

12.5p ordinary

SWAP

Opening Long

16

25.4000 GBP

12.5p ordinary

SWAP

Opening Short

5,111

25.5608 GBP

12.5p ordinary

SWAP

Decreasing Long

248

25.5638 GBP

12.5p ordinary

SWAP

Decreasing Short

6,734

25.5550 GBP

12.5p ordinary

SWAP

Decreasing Short

7,829

25.5578 GBP

12.5p ordinary

SWAP

Opening Long

97,070

25.8000 GBP

12.5p ordinary

SWAP

Opening Short

97,070

25.8000 GBP

12.5p ordinary

SWAP

Decreasing Short

80

25.5400 GBP

12.5p ordinary

SWAP

Decreasing Short

961

25.5932 GBP

12.5p ordinary

SWAP

Decreasing Short

145

25.6600 GBP

12.5p ordinary

SWAP

Increasing Short

41

25.4200 GBP

12.5p ordinary

SWAP

Increasing Short

1,127

25.5599 GBP

12.5p ordinary

SWAP

Increasing Short

15,872

25.5612 GBP

12.5p ordinary

SWAP

Increasing Short

3,775

25.5787 GBP

12.5p ordinary

SWAP

Increasing Short

43

25.6000 GBP

12.5p ordinary

SWAP

Increasing Short

1,120

25.6098 GBP

12.5p ordinary

SWAP

Increasing Long

149

25.4529 GBP

12.5p ordinary

SWAP

Increasing Long

14

25.5512 GBP

12.5p ordinary

SWAP

Increasing Long

25

25.5581 GBP

12.5p ordinary

SWAP

Increasing Long

9

25.5598 GBP

12.5p ordinary

SWAP

Increasing Long

6

25.5996 GBP

12.5p ordinary

SWAP

Increasing Long

152

25.6798 GBP

12.5p ordinary

SWAP

Decreasing Long

410

25.5240 GBP

12.5p ordinary

SWAP

Decreasing Long

2,302

25.5548 GBP

12.5p ordinary

SWAP

Decreasing Long

841

25.5601 GBP

12.5p ordinary

SWAP

Decreasing Long

2,651

25.5652 GBP

12.5p ordinary

SWAP

Decreasing Long

5,324

25.5660 GBP

12.5p ordinary

SWAP

Decreasing Long

1,709

25.5753 GBP

12.5p ordinary

SWAP

Decreasing Long

5,488

25.5793 GBP

12.5p ordinary

SWAP

Decreasing Long

1,011

25.5800 GBP

12.5p ordinary

SWAP

Decreasing Long

719

25.6102 GBP

12.5p ordinary

SWAP

Decreasing Long

705

25.6131 GBP

12.5p ordinary

SWAP

Decreasing Short

1,000

25.5974 GBP

12.5p ordinary

SWAP

Increasing Short

1,830

25.5630 GBP

12.5p ordinary

SWAP

Decreasing Long

2,844

25.5300 GBP

12.5p ordinary

SWAP

Decreasing Long

503

25.5575 GBP

12.5p ordinary

SWAP

Decreasing Long

357

25.5605 GBP

12.5p ordinary

SWAP

Decreasing Long

20,192

25.5636 GBP

12.5p ordinary

SWAP

Decreasing Short

2,405

25.4983 GBP

12.5p ordinary

SWAP

Decreasing Short

74

25.5047 GBP

12.5p ordinary

SWAP

Increasing Short

257

25.5705 GBP

12.5p ordinary

SWAP

Increasing Long

1,070

25.5264 GBP

12.5p ordinary

SWAP

Increasing Long

1,070

25.6699 GBP

12.5p ordinary

SWAP

Increasing Long

48

25.6600 GBP

12.5p ordinary

SWAP

Decreasing Long

8,063

25.5600 GBP

12.5p ordinary

SWAP

Decreasing Long

3,569

25.5764 GBP

12.5p ordinary

SWAP

Decreasing Long

2,658

25.5772 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:

11 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213