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:

01 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:

1,080,716

0.42%

3,765,695

1.47%

(2)

Cash-settled derivatives:

and/or controlled:

3,566,343

1.39%

766,658

0.30%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

4,647,059

1.81%

4,532,353

1.76%

(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

289,191

2.6980 GBP

2.6199 GBP

5p ordinary

Sale

120,115

2.6918 GBP

2.6233 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

300

2.6366 GBP

5p ordinary

SWAP

Decreasing Long

6,473

2.6648 GBP

5p ordinary

CFD

Increasing Long

33

2.6275 GBP

5p ordinary

CFD

Increasing Long

1,506

2.6446 GBP

5p ordinary

CFD

Decreasing Long

855

2.6358 GBP

5p ordinary

SWAP

Decreasing Short

739

2.6586 GBP

5p ordinary

SWAP

Increasing Short

300

2.6433 GBP

5p ordinary

SWAP

Opening Long

5,340

2.6460 GBP

5p ordinary

SWAP

Opening Short

150,170

2.6280 GBP

5p ordinary

SWAP

Increasing Short

3,427

2.6317 GBP

5p ordinary

SWAP

Increasing Long

162

2.6720 GBP

5p ordinary

SWAP

Increasing Long

272

2.6260 GBP

5p ordinary

SWAP

Increasing Long

743

2.6284 GBP

5p ordinary

SWAP

Increasing Long

139

2.6460 GBP

5p ordinary

SWAP

Increasing Long

2,885

2.6694 GBP

5p ordinary

SWAP

Decreasing Long

1,846

2.6340 GBP

5p ordinary

SWAP

Decreasing Long

9,002

2.6401 GBP

5p ordinary

SWAP

Decreasing Long

18,459

2.6521 GBP

5p ordinary

SWAP

Decreasing Long

4,037

2.6541 GBP

5p ordinary

SWAP

Increasing Long

8

2.6279 GBP

5p ordinary

SWAP

Increasing Long

2,770

2.6313 GBP

5p ordinary

SWAP

Increasing Long

4,573

2.6319 GBP

5p ordinary

SWAP

Increasing Long

97

2.6399 GBP

5p ordinary

SWAP

Increasing Long

4,943

2.6445 GBP

5p ordinary

SWAP

Increasing Long

21,026

2.6490 GBP

5p ordinary

SWAP

Increasing Long

502

2.6545 GBP

5p ordinary

SWAP

Increasing Long

1,198

2.6569 GBP

5p ordinary

SWAP

Increasing Long

30,242

2.6572 GBP

5p ordinary

SWAP

Increasing Long

8,192

2.6667 GBP

5p ordinary

SWAP

Decreasing Long

1,586

2.6577 GBP

5p ordinary

SWAP

Decreasing Short

1,375

2.6816 GBP

5p ordinary

SWAP

Increasing Short

250

2.6442 GBP

5p ordinary

SWAP

Increasing Long

708

2.6468 GBP

5p ordinary

SWAP

Increasing Long

2,814

2.6485 GBP

5p ordinary

SWAP

Decreasing Long

733

2.6337 GBP

5p ordinary

SWAP

Decreasing Long

660

2.6449 GBP

5p ordinary

SWAP

Increasing Long

210

2.6233 GBP

5p ordinary

SWAP

Increasing Long

2,236

2.6257 GBP

5p ordinary

SWAP

Increasing Long

1,197

2.6264 GBP

5p ordinary

SWAP

Increasing Long

2,085

2.6393 GBP

5p ordinary

SWAP

Decreasing Long

5,969

2.6400 GBP

5p ordinary

SWAP

Decreasing Long

12,276

2.6527 GBP

5p ordinary

SWAP

Decreasing Long

3,437

2.6568 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:

02 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213