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:

05 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:

1,639,690

0.64%

3,615,051

1.41%

(2)

Cash-settled derivatives:

and/or controlled:

3,438,664

1.34%

1,334,181

0.52%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

5,078,354

1.98%

4,949,232

1.93%

(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

278,895

2.4830 GBP

2.4306 GBP

5p ordinary

Sale

146,723

2.4760 GBP

2.4300 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

15,224

2.4560 GBP

5p ordinary

CFD

Increasing Long

2,310

2.4484 GBP

5p ordinary

CFD

Increasing Long

91

2.4559 GBP

5p ordinary

CFD

Increasing Long

32,430

2.4665 GBP

5p ordinary

CFD

Increasing Long

2,590

2.4698 GBP

5p ordinary

CFD

Decreasing Long

220

2.4366 GBP

5p ordinary

CFD

Decreasing Long

4,308

2.4505 GBP

5p ordinary

SWAP

Decreasing Short

600

2.4553 GBP

5p ordinary

SWAP

Increasing Long

111

2.4319 GBP

5p ordinary

SWAP

Decreasing Short

4,003

2.4412 GBP

5p ordinary

SWAP

Increasing Short

15,585

2.4306 GBP

5p ordinary

SWAP

Increasing Short

25,201

2.4593 GBP

5p ordinary

SWAP

Increasing Long

145

2.4660 GBP

5p ordinary

SWAP

Increasing Long

431

2.4300 GBP

5p ordinary

SWAP

Decreasing Long

33,537

2.4480 GBP

5p ordinary

SWAP

Decreasing Long

34,949

2.4621 GBP

5p ordinary

SWAP

Decreasing Long

23,662

2.4649 GBP

5p ordinary

SWAP

Increasing Long

10,330

2.4405 GBP

5p ordinary

SWAP

Increasing Long

2,304

2.4409 GBP

5p ordinary

SWAP

Increasing Long

24,775

2.4472 GBP

5p ordinary

SWAP

Increasing Long

1,200

2.4497 GBP

5p ordinary

SWAP

Increasing Long

5,303

2.4538 GBP

5p ordinary

SWAP

Increasing Long

6,437

2.4553 GBP

5p ordinary

SWAP

Increasing Long

2,407

2.4667 GBP

5p ordinary

SWAP

Increasing Long

11

2.4719 GBP

5p ordinary

SWAP

Decreasing Long

23,576

2.4620 GBP

5p ordinary

SWAP

Decreasing Long

2,461

2.4710 GBP

5p ordinary

SWAP

Decreasing Short

1,250

2.4481 GBP

5p ordinary

SWAP

Increasing Short

125

2.4642 GBP

5p ordinary

SWAP

Increasing Long

8,508

2.4560 GBP

5p ordinary

SWAP

Increasing Long

661

2.4602 GBP

5p ordinary

SWAP

Increasing Long

2,281

2.4620 GBP

5p ordinary

SWAP

Decreasing Long

21,638

2.4471 GBP

5p ordinary

SWAP

Decreasing Long

21,236

2.4620 GBP

5p ordinary

SWAP

Decreasing Long

54,028

2.4622 GBP

5p ordinary

SWAP

Decreasing Long

994

2.4830 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:

06 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213