FORM 38.5(a) (EPT/RI)
IRISH TAKEOVER PANEL
DEALING DISCLOSURE UNDER RULE 38.5(a) OF THE IRISH
TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022
BY A CONNECTED EXEMPT PRINCIPAL TRADER WITH
RECOGNISED INTERMEDIARY STATUS AND DEALING IN
A CLIENT-SERVING CAPACITY
1. KEY INFORMATION
(a) Name of exempt principal trader: Morgan Stanley & Co. International plc | (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree DCC Energy plc | (c) Name of the party to the offer with which exempt principal trader is connected: (Note 1) Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P | (d) Date dealing undertaken: 22 July 2026 | (e) In addition to the company in 1(b) above, is the exempt principal trader also making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER (Note 2)
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security (Note 3) Purchases/ sales Total number of securities Highest price per unit paid/ received Lowest price per unit paid/ received | 0.25 ordinary shares PURCHASES 189,686 63.1000 GBP 62.8443 GBP | 0.25 ordinary shares SALES 140,132 63.1000 GBP 62.8750 GBP |
(b) Cash-settled derivative transactions
Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities (Note 4) Price per unit (Note 5) | 0.25 ordinary shares CFD increasing a short position 699 62.8443 GBP | 0.25 ordinary shares CFD increasing a short position 36 62.8502 GBP | 0.25 ordinary shares CFD reducing a short position 15 62.8867 GBP | 0.25 ordinary shares CFD increasing a short position 199 62.8930 GBP | 0.25 ordinary shares CFD increasing a short position 2,001 62.9000 GBP | 0.25 ordinary shares CFD increasing a short position 3,011 62.9000 GBP | 0.25 ordinary shares CFD increasing a short position 6,390 62.9000 GBP | 0.25 ordinary shares CFD reducing a short position 9 62.9000 GBP | 0.25 ordinary shares CFD increasing a short position 30 62.9000 GBP | 0.25 ordinary shares CFD increasing a short position 3,109 62.9000 GBP | 0.25 ordinary shares CFD increasing a short position 16 62.9000 GBP | 0.25 ordinary shares CFD increasing a short position 42 62.9000 GBP | 0.25 ordinary shares CFD increasing a short position 153 62.9000 GBP | 0.25 ordinary shares CFD increasing a short position 5,264 62.9013 GBP | 0.25 ordinary shares CFD increasing a long position 104 62.9048 GBP | 0.25 ordinary shares CFD increasing a long position 42 62.9048 GBP | 0.25 ordinary shares CFD increasing a short position 1,221 62.9076 GBP | 0.25 ordinary shares CFD increasing a short position 767 62.9178 GBP | 0.25 ordinary shares CFD increasing a short position 51 62.9196 GBP | 0.25 ordinary shares CFD increasing a short position 302 62.9201 GBP | 0.25 ordinary shares CFD increasing a short position 545 62.9239 GBP | 0.25 ordinary shares CFD increasing a short position 230 62.9250 GBP | 0.25 ordinary shares CFD increasing a short position 2,508 62.9264 GBP | 0.25 ordinary shares CFD increasing a long position 832 62.9265 GBP | 0.25 ordinary shares CFD reducing a short position 1,673 62.9279 GBP | 0.25 ordinary shares CFD reducing a long position 85 62.9280 GBP | 0.25 ordinary shares CFD reducing a long position 35 62.9280 GBP | 0.25 ordinary shares CFD increasing a short position 101 62.9293 GBP | 0.25 ordinary shares CFD increasing a short position 260 62.9310 GBP | 0.25 ordinary shares CFD increasing a short position 1,040 62.9336 GBP | 0.25 ordinary shares CFD increasing a long position 860 62.9341 GBP | 0.25 ordinary shares CFD reducing a short position 16 62.9344 GBP | 0.25 ordinary shares CFD increasing a short position 311 62.9344 GBP | 0.25 ordinary shares CFD reducing a long position 615 62.9355 GBP | 0.25 ordinary shares CFD reducing a long position 904 62.9355 GBP | 0.25 ordinary shares CFD reducing a long position 2,485 62.9368 GBP | 0.25 ordinary shares CFD increasing a long position 42 62.9369 GBP | 0.25 ordinary shares CFD reducing a short position 192 62.9374 GBP | 0.25 ordinary shares CFD increasing a long position 198 62.9374 GBP | 0.25 ordinary shares CFD increasing a short position 919 62.9377 GBP | 0.25 ordinary shares CFD increasing a long position 109 62.9390 GBP | 0.25 ordinary shares CFD increasing a long position 364 62.9398 GBP | 0.25 ordinary shares CFD reducing a short position 4,915 62.9433 GBP | 0.25 ordinary shares CFD increasing a short position 38,027 62.9452 GBP | 0.25 ordinary shares CFD increasing a long position 18 62.9500 GBP | 0.25 ordinary shares CFD increasing a long position 392 62.9500 GBP | 0.25 ordinary shares CFD reducing a short position 14 62.9500 GBP | 0.25 ordinary shares CFD reducing a short position 1 62.9500 GBP | 0.25 ordinary shares CFD reducing a short position 1,651 62.9500 GBP | 0.25 ordinary shares CFD reducing a long position 1 62.9500 GBP | 0.25 ordinary shares CFD reducing a short position 3 62.9500 GBP | 0.25 ordinary shares CFD increasing a long position 8 62.9500 GBP | 0.25 ordinary shares CFD increasing a short position 2 62.9500 GBP | 0.25 ordinary shares CFD increasing a short position 3 62.9500 GBP | 0.25 ordinary shares CFD increasing a short position 14 62.9500 GBP | 0.25 ordinary shares CFD reducing a short position 58,454 62.9500 GBP | 0.25 ordinary shares CFD increasing a short position 2,136 62.9500 GBP | 0.25 ordinary shares CFD increasing a long position 1 62.9500 GBP | 0.25 ordinary shares CFD reducing a long position 16 62.9500 GBP | 0.25 ordinary shares CFD increasing a short position 1,719 62.9500 GBP | 0.25 ordinary shares CFD reducing a long position 6 62.9500 GBP | 0.25 ordinary shares CFD increasing a long position 12 62.9500 GBP | 0.25 ordinary shares CFD increasing a short position 126 62.9500 GBP | 0.25 ordinary shares CFD increasing a long position 75 62.9501 GBP | 0.25 ordinary shares CFD increasing a short position 58 62.9501 GBP | 0.25 ordinary shares CFD increasing a short position 4 62.9502 GBP | 0.25 ordinary shares CFD increasing a short position 4,047 62.9513 GBP | 0.25 ordinary shares CFD increasing a short position 10,552 62.9538 GBP | 0.25 ordinary shares CFD reducing a short position 1,074 62.9541 GBP | 0.25 ordinary shares CFD increasing a short position 503 62.9550 GBP | 0.25 ordinary shares CFD reducing a long position 22 62.9577 GBP | 0.25 ordinary shares CFD reducing a short position 412 62.9588 GBP | 0.25 ordinary shares CFD increasing a short position 188 62.9589 GBP | 0.25 ordinary shares CFD increasing a short position 128 62.9633 GBP | 0.25 ordinary shares CFD reducing a short position 561 62.9644 GBP | 0.25 ordinary shares CFD increasing a short position 282 63.0000 GBP | 0.25 ordinary shares CFD increasing a short position 87 63.0001 GBP | 0.25 ordinary shares CFD increasing a short position 1,215 63.0028 GBP | 0.25 ordinary shares CFD increasing a long position 195 63.0243 GBP | 0.25 ordinary shares CFD increasing a short position 44 63.0272 GBP | 0.25 ordinary shares CFD increasing a short position 57 63.0501 GBP | 0.25 ordinary shares CFD reducing a short position 1,000 63.0533 GBP | 0.25 ordinary shares CFD increasing a short position 165 63.0550 GBP | 0.25 ordinary shares CFD increasing a short position 142 63.0551 GBP | 0.25 ordinary shares CFD increasing a short position 153 63.0776 GBP | 0.25 ordinary shares CFD increasing a short position 50 63.1770 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security N/A | Product description e.g. call option N/A | Writing, purchasing, selling, varying etc. N/A | Number of securities to which option relates (Note 4) N/A | Exercise price per unit N/A | Type e.g. American, European etc. N/A | Expiry date N/A | Option money paid/ received per unit N/A |
(ii) Exercise
Class of relevant security N/A | Product description e.g. call option N/A | Exercising/ exercised against N/A | Number of securities N/A | Exercise price per unit (Note 5) N/A |
(d) Other dealings (including transactions in respect of new securities)
Class of relevant security N/A | Nature of dealing e.g. subscription, conversion, exercise N/A | Details N/A | Price per unit (if applicable) (Note 5) N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing 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:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"
NONE
(b) Agreements, arrangements or understandings relating to options or derivatives
Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.
NONE
Date of disclosure: 23 July 2026 | Contact name: Claire Gordon | Telephone number: +44 141 245-8893 |
Public disclosures under Rule 38 of the Rules must be made to a Regulatory Information Service.
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