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:

31 Jul 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:

865,986

0.34%

3,720,041

1.45%

(2)

Cash-settled derivatives:

and/or controlled:

3,542,835

1.38%

619,965

0.24%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

4,408,821

1.72%

4,340,006

1.69%

(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

74,424

2.6830 GBP

2.6440 GBP

5p ordinary

Sale

166,063

2.6790 GBP

2.6414 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

Opening Long

5,878

2.6710 GBP

5p ordinary

SWAP

Decreasing Long

1,452

2.6689 GBP

5p ordinary

CFD

Increasing Long

51

2.6635 GBP

5p ordinary

CFD

Increasing Long

11,631

2.6637 GBP

5p ordinary

CFD

Decreasing Long

400

2.6539 GBP

5p ordinary

SWAP

Decreasing Short

450

2.6688 GBP

5p ordinary

SWAP

Opening Long

1,218

2.6581 GBP

5p ordinary

SWAP

Opening Short

2,974

2.6751 GBP

5p ordinary

SWAP

Increasing Long

9,716

2.6538 GBP

5p ordinary

SWAP

Increasing Long

26,621

2.6640 GBP

5p ordinary

SWAP

Decreasing Long

7,297

2.6505 GBP

5p ordinary

SWAP

Decreasing Long

772

2.6756 GBP

5p ordinary

SWAP

Increasing Long

1,869

2.6414 GBP

5p ordinary

SWAP

Increasing Long

867

2.6415 GBP

5p ordinary

SWAP

Increasing Long

3,745

2.6416 GBP

5p ordinary

SWAP

Increasing Long

482

2.6420 GBP

5p ordinary

SWAP

Increasing Long

9,272

2.6438 GBP

5p ordinary

SWAP

Increasing Long

797

2.6494 GBP

5p ordinary

SWAP

Increasing Long

20,776

2.6497 GBP

5p ordinary

SWAP

Increasing Long

894

2.6523 GBP

5p ordinary

SWAP

Increasing Long

3,275

2.6629 GBP

5p ordinary

SWAP

Increasing Long

15,462

2.6639 GBP

5p ordinary

SWAP

Decreasing Long

70

2.6680 GBP

5p ordinary

SWAP

Decreasing Long

4,964

2.6800 GBP

5p ordinary

SWAP

Increasing Short

375

2.6662 GBP

5p ordinary

SWAP

Decreasing Short

250

2.6689 GBP

5p ordinary

SWAP

Increasing Long

3,923

2.6626 GBP

5p ordinary

SWAP

Increasing Long

7,732

2.6673 GBP

5p ordinary

SWAP

Decreasing Long

1,975

2.6608 GBP

5p ordinary

SWAP

Increasing Long

219

2.6581 GBP

5p ordinary

SWAP

Increasing Long

4,246

2.6640 GBP

5p ordinary

SWAP

Increasing Long

4,980

2.6765 GBP

5p ordinary

SWAP

Decreasing Long

2,779

2.6462 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:

01 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213