Bellway PLC has announced that it will not be making a firm offer for Crest Nicholson Holdings PLC. This decision follows previous announcements regarding a possible offer for Crest Nicholson. Bellway remains confident in its robust balance sheet, operational strength, and the quality of its land bank, which will support volume growth and ongoing value creation for shareholders. The company is bound by restrictions set out in Rule 2.8 of the City Code on Takeovers and Mergers, except in specific circumstances outlined in the announcement. The responsible person for this announcement is Simon Scougall, Chief Commercial Officer and Company Secretary. Enquiries can be directed to Bellway PLC or Sodali & Co, the financial communications adviser.