Crest Nicholson Holdings PLC has released a statement regarding a possible offer from Bellway PLC. The Board of Crest Nicholson had engaged with Bellway in relation to a possible all-share offer in response to a series of unsolicited proposals from Bellway. However, Bellway has confirmed that it does not intend to make a firm offer for Crest Nicholson under Rule 2.8 of the Takeover Code. Crest Nicholson remains confident in its standalone prospects, particularly given the conclusion of the review of provisions for completed development sites, its highly attractive land portfolio, and the new leadership of Martyn Clark. This announcement has been made without the consent of Bellway. The release, publication, or distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law.