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:

18 Jun 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:

1,181,274

0.99%

222,317

0.19%

(2)

Cash-settled derivatives:

and/or controlled:

182,659

0.15%

1,110,528

0.93%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,363,933

1.15%

1,332,845

1.12%

(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

36,068

26.0800 GBP

25.8726 GBP

12.5p ordinary

Sale

63,662

26.0800 GBP

25.8200 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

SWAP

Decreasing Long

40

26.0201 GBP

12.5p ordinary

SWAP

Decreasing Long

292

26.0388 GBP

12.5p ordinary

SWAP

Decreasing Long

297

26.0535 GBP

12.5p ordinary

SWAP

Decreasing Long

435

26.0322 GBP

12.5p ordinary

SWAP

Decreasing Long

546

26.0131 GBP

12.5p ordinary

SWAP

Decreasing Long

780

26.0416 GBP

12.5p ordinary

SWAP

Decreasing Long

1,861

25.8800 GBP

12.5p ordinary

SWAP

Decreasing Short

17

26.0000 GBP

12.5p ordinary

SWAP

Decreasing Short

31

25.9514 GBP

12.5p ordinary

SWAP

Decreasing Short

74

26.0751 GBP

12.5p ordinary

SWAP

Decreasing Short

131

26.0200 GBP

12.5p ordinary

SWAP

Decreasing Short

253

26.0000 GBP

12.5p ordinary

CFD

Decreasing Short

354

26.0254 GBP

12.5p ordinary

SWAP

Decreasing Short

568

26.0047 GBP

12.5p ordinary

SWAP

Decreasing Short

1,280

26.0152 GBP

12.5p ordinary

CFD

Decreasing Short

1,361

25.8797 GBP

12.5p ordinary

SWAP

Decreasing Short

2,515

25.8800 GBP

12.5p ordinary

CFD

Decreasing Short

2,546

25.8779 GBP

12.5p ordinary

SWAP

Decreasing Short

5,250

25.8994 GBP

12.5p ordinary

SWAP

Decreasing Short

10,240

26.0183 GBP

12.5p ordinary

SWAP

Increasing Long

2

26.0997 GBP

12.5p ordinary

SWAP

Increasing Long

38

26.0998 GBP

12.5p ordinary

SWAP

Increasing Long

141

25.9947 GBP

12.5p ordinary

SWAP

Increasing Long

388

25.8578 GBP

12.5p ordinary

SWAP

Increasing Long

831

25.8761 GBP

12.5p ordinary

SWAP

Increasing Long

1,150

25.9914 GBP

12.5p ordinary

SWAP

Increasing Long

1,198

25.9598 GBP

12.5p ordinary

SWAP

Increasing Long

12,728

25.8798 GBP

12.5p ordinary

SWAP

Increasing Short

136

26.0247 GBP

12.5p ordinary

SWAP

Increasing Short

263

25.8800 GBP

12.5p ordinary

SWAP

Increasing Short

273

25.9984 GBP

12.5p ordinary

CFD

Increasing Short

347

26.0642 GBP

12.5p ordinary

CFD

Increasing Short

485

25.9490 GBP

12.5p ordinary

SWAP

Increasing Short

538

25.9826 GBP

12.5p ordinary

CFD

Increasing Short

545

26.0415 GBP

12.5p ordinary

SWAP

Increasing Short

574

25.9519 GBP

12.5p ordinary

SWAP

Increasing Short

642

25.8800 GBP

12.5p ordinary

SWAP

Increasing Short

2,420

26.0356 GBP

12.5p ordinary

SWAP

Opening Short

4

25.9500 GBP

12.5p ordinary

SWAP

Opening Short

14

26.0200 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:

19 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213