Rule 38.5_A - Replacement of DCC Energy plc
AMENDMENT(2(a))
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:
20 October 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/
salesTotal
number of
securitiesHighest
price per
unit paid/
receivedLowest
price per
unit paid/
received0.25 ordinary shares
PURCHASES
53,252
64.5000 GBP
64.3471 GBP
0.25 ordinary shares
SALES
167,603
64.4462 GBP
64.3500 GBP
(b) Cash-settled derivative transactions
Class of
relevant
securityProduct
description
e.g. CFDNature of dealing
e.g. opening/closing
a long/short position,
increasing/reducing a
long/short positionNumber of
reference
securities
(Note 4)Price per
unit (Note 5)0.25 ordinary shares
CFD
increasing a short position
65
64.3500 GBP
0.25 ordinary shares
CFD
increasing a short position
30
64.3500 GBP
0.25 ordinary shares
CFD
reducing a short position
91
64.3500 GBP
0.25 ordinary shares
CFD
reducing a short position
8,380
64.3500 GBP
0.25 ordinary shares
CFD
reducing a long position
139
64.3500 GBP
0.25 ordinary shares
CFD
increasing a short position
183
64.3500 GBP
0.25 ordinary shares
CFD
reducing a short position
79
64.3500 GBP
0.25 ordinary shares
CFD
reducing a short position
99
64.3500 GBP
0.25 ordinary shares
CFD
reducing a long position
8
64.3500 GBP
0.25 ordinary shares
CFD
reducing a long position
2,651
64.3500 GBP
0.25 ordinary shares
CFD
reducing a short position
50
64.3500 GBP
0.25 ordinary shares
CFD
reducing a short position
173
64.3500 GBP
0.25 ordinary shares
CFD
increasing a short position
8,380
64.3500 GBP
0.25 ordinary shares
CFD
reducing a short position
143,854
64.3500 GBP
0.25 ordinary shares
CFD
increasing a long position
2,651
64.3500 GBP
0.25 ordinary shares
CFD
reducing a long position
2,131
64.3500 GBP
0.25 ordinary shares
CFD
increasing a short position
127
64.3500 GBP
0.25 ordinary shares
CFD
increasing a short position
42
64.3500 GBP
0.25 ordinary shares
CFD
increasing a short position
170
64.3509 GBP
0.25 ordinary shares
CFD
increasing a short position
49
64.3525 GBP
0.25 ordinary shares
CFD
increasing a short position
175
64.3525 GBP
0.25 ordinary shares
CFD
increasing a short position
732
64.3525 GBP
0.25 ordinary shares
CFD
increasing a short position
146
64.3525 GBP
0.25 ordinary shares
CFD
increasing a short position
412
64.3525 GBP
0.25 ordinary shares
CFD
reducing a short position
63
64.3690 GBP
0.25 ordinary shares
CFD
increasing a short position
4,365
64.3703 GBP
0.25 ordinary shares
CFD
reducing a short position
94
64.3713 GBP
0.25 ordinary shares
CFD
reducing a short position
12
64.3714 GBP
0.25 ordinary shares
CFD
increasing a short position
258
64.3733 GBP
0.25 ordinary shares
CFD
increasing a short position
2,278
64.3750 GBP
0.25 ordinary shares
CFD
reducing a short position
10
64.3800 GBP
0.25 ordinary shares
CFD
increasing a long position
93
64.3830 GBP
0.25 ordinary shares
CFD
reducing a short position
18
64.3835 GBP
0.25 ordinary shares
CFD
reducing a short position
18
64.3909 GBP
0.25 ordinary shares
CFD
reducing a short position
5
64.3909 GBP
0.25 ordinary shares
CFD
reducing a short position
41
64.3909 GBP
0.25 ordinary shares
CFD
reducing a short position
14
64.3909 GBP
0.25 ordinary shares
CFD
reducing a short position
74
64.3909 GBP
0.25 ordinary shares
CFD
increasing a long position
86
64.3963 GBP
0.25 ordinary shares
CFD
reducing a short position
7
64.4000 GBP
0.25 ordinary shares
CFD
reducing a short position
1
64.4000 GBP
0.25 ordinary shares
CFD
reducing a short position
99
64.4000 GBP
0.25 ordinary shares
CFD
reducing a long position
42
64.4000 GBP
0.25 ordinary shares
CFD
increasing a long position
583
64.4000 GBP
0.25 ordinary shares
CFD
reducing a short position
1,925
64.4000 GBP
0.25 ordinary shares
CFD
increasing a short position
1
64.4000 GBP
0.25 ordinary shares
CFD
reducing a short position
214
64.4010 GBP
0.25 ordinary shares
CFD
increasing a long position
1,274
64.4044 GBP
0.25 ordinary shares
CFD
reducing a short position
4,766
64.4044 GBP
0.25 ordinary shares
CFD
increasing a short position
26,999
64.4144 GBP
0.25 ordinary shares
CFD
increasing a short position
59
64.4169 GBP
0.25 ordinary shares
CFD
increasing a long position
1,590
64.4487 GBP
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of
relevant
securityProduct
description
e.g. call optionWriting,
purchasing,
selling,
varying etc.Number
of
securities
to which
option
relates
(Note 4)Exercise
price per
unitType
e.g.
American,
European
etc.Expiry
dateOption
money
paid/
received
per unitN/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(ii) Exercise
Class of
relevant
securityProduct
description
e.g. call optionExercising/
exercised
againstNumber of
securitiesExercise price
per unit
(Note 5)N/A
N/A
N/A
N/A
N/A
(d) Other dealings (including transactions in respect of new securities)
Class of relevant security
Nature of
dealing
e.g. subscription,
conversion,
exerciseDetails
Price per unit
(if applicable)
(Note 5)N/A
N/A
N/A
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:
22 October 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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