Form 8.5 (EPT/NON-RI) CREST NICHOLSON HOLDINGS 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

CREST NICHOLSON HOLDINGS 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:

06 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?

BELLWAY 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:

5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

1,739,375

0.68%

3,555,813

1.38%

(2)

Cash-settled derivatives:

and/or controlled:

3,392,971

1.32%

1,382,664

0.54%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

5,132,346

2.00%

4,938,477

1.92%

(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

5p ordinary

Purchase

259,318

2.4980 GBP

2.4566 GBP

5p ordinary

Sale

100,395

2.4940 GBP

2.4630 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

5p ordinary

SWAP

Increasing Long

5,804

2.4807 GBP

5p ordinary

CFD

Increasing Long

32

2.4834 GBP

5p ordinary

CFD

Increasing Long

735

2.4874 GBP

5p ordinary

CFD

Decreasing Long

70

2.4567 GBP

5p ordinary

CFD

Decreasing Long

2,334

2.4632 GBP

5p ordinary

SWAP

Decreasing Short

600

2.4756 GBP

5p ordinary

SWAP

Decreasing Long

665

2.4881 GBP

5p ordinary

SWAP

Decreasing Short

2,894

2.4857 GBP

5p ordinary

SWAP

Increasing Short

52,977

2.4876 GBP

5p ordinary

SWAP

Increasing Long

297

2.4920 GBP

5p ordinary

SWAP

Increasing Long

2,680

2.4940 GBP

5p ordinary

SWAP

Decreasing Long

1,279

2.4746 GBP

5p ordinary

SWAP

Decreasing Long

13,797

2.4779 GBP

5p ordinary

SWAP

Decreasing Long

4,013

2.4802 GBP

5p ordinary

SWAP

Decreasing Long

30,085

2.4842 GBP

5p ordinary

SWAP

Decreasing Long

8,156

2.4879 GBP

5p ordinary

SWAP

Increasing Long

4,418

2.4752 GBP

5p ordinary

SWAP

Increasing Long

1,316

2.4775 GBP

5p ordinary

SWAP

Increasing Long

2,376

2.4843 GBP

5p ordinary

SWAP

Increasing Long

2,032

2.4846 GBP

5p ordinary

SWAP

Increasing Long

14,394

2.4869 GBP

5p ordinary

SWAP

Increasing Long

1,978

2.4879 GBP

5p ordinary

SWAP

Increasing Long

80

2.4887 GBP

5p ordinary

SWAP

Increasing Long

110

2.4939 GBP

5p ordinary

SWAP

Decreasing Long

3

2.4680 GBP

5p ordinary

SWAP

Decreasing Long

353

2.4816 GBP

5p ordinary

SWAP

Decreasing Long

612

2.4820 GBP

5p ordinary

SWAP

Decreasing Long

1,861

2.4848 GBP

5p ordinary

SWAP

Decreasing Long

159

2.4877 GBP

5p ordinary

SWAP

Decreasing Long

17,895

2.4880 GBP

5p ordinary

SWAP

Decreasing Long

36

2.4980 GBP

5p ordinary

SWAP

Decreasing Short

1,000

2.4898 GBP

5p ordinary

SWAP

Increasing Long

17,865

2.4793 GBP

5p ordinary

SWAP

Increasing Long

31,011

2.4820 GBP

5p ordinary

SWAP

Decreasing Long

8,643

2.4731 GBP

5p ordinary

SWAP

Decreasing Long

3,074

2.4812 GBP

5p ordinary

SWAP

Decreasing Long

31,787

2.4845 GBP

5p ordinary

SWAP

Decreasing Long

5,999

2.4880 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:

07 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213