Bellway PLC has confirmed that it does not intend to make a firm offer for Crest Nicholson Holdings PLC. This decision comes after Crest Nicholson engaged with Bellway regarding a possible all-share offer in response to unsolicited proposals. Crest Nicholson remains confident in its standalone prospects, particularly due to the conclusion of the review of provisions for completed development sites, its attractive land portfolio, and the new leadership of Martyn Clark. The announcement was made without the consent of Bellway. This information is not intended to constitute an offer to sell or solicit securities. Any distribution of this announcement outside the UK may be restricted by law.