Rule 38.5_A - DCC Energy plc

Morgan Stanley & Co. Int'l plc

23 October 2026

 

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 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/ sales	Total number of securities	Highest price per unit paid/ received	Lowest price per unit paid/ received
0.25 ordinary shares	PURCHASES	49,822	64.4500 GBP	64.3492 GBP
0.25 ordinary shares	SALES	54,716	64.4500 GBP	64.3500 GBP
0.25 ordinary shares	SALES	1,414	86.1459 USD	86.0729 USD

(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	reducing a short position	127	64.3499 GBP
0.25 ordinary shares	CFD	reducing a short position	132	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	250	64.3500 GBP
0.25 ordinary shares	CFD	increasing a long position	92	64.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	36	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	53	64.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	45	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	48	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	14	64.3500 GBP
0.25 ordinary shares	CFD	reducing a long position	1	64.3500 GBP
0.25 ordinary shares	CFD	reducing a long position	2,517	64.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	1,407	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	74	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	837	64.3500 GBP
0.25 ordinary shares	CFD	increasing a long position	2,517	64.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	12	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	239	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	76	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	1,093	64.3531 GBP
0.25 ordinary shares	CFD	reducing a short position	1,565	64.3531 GBP
0.25 ordinary shares	CFD	increasing a short position	117	64.3641 GBP
0.25 ordinary shares	CFD	increasing a short position	187	64.3657 GBP
0.25 ordinary shares	CFD	increasing a short position	37	64.3657 GBP
0.25 ordinary shares	CFD	increasing a short position	44	64.3657 GBP
0.25 ordinary shares	CFD	increasing a short position	13	64.3657 GBP
0.25 ordinary shares	CFD	increasing a short position	106	64.3657 GBP
0.25 ordinary shares	CFD	increasing a long position	980	64.3871 GBP
0.25 ordinary shares	CFD	increasing a long position	106	64.3948 GBP
0.25 ordinary shares	CFD	increasing a long position	127	64.3949 GBP
0.25 ordinary shares	CFD	increasing a short position	805	64.4000 GBP
0.25 ordinary shares	CFD	increasing a long position	191	64.4000 GBP
0.25 ordinary shares	CFD	reducing a short position	108	64.4000 GBP
0.25 ordinary shares	CFD	reducing a long position	536	64.4000 GBP
0.25 ordinary shares	CFD	reducing a short position	25	64.4000 GBP
0.25 ordinary shares	CFD	reducing a short position	905	64.4000 GBP
0.25 ordinary shares	CFD	increasing a long position	56	64.4061 GBP
0.25 ordinary shares	CFD	increasing a long position	937	64.4102 GBP
0.25 ordinary shares	CFD	reducing a short position	1,127	64.4102 GBP
0.25 ordinary shares	CFD	reducing a short position	31	64.4122 GBP
0.25 ordinary shares	CFD	reducing a short position	84	64.4249 GBP
0.25 ordinary shares	CFD	reducing a short position	265	64.4250 GBP
0.25 ordinary shares	CFD	reducing a short position	951	64.4250 GBP
0.25 ordinary shares	CFD	reducing a short position	567	64.4332 GBP
0.25 ordinary shares	CFD	reducing a short position	426	64.4332 GBP
0.25 ordinary shares	CFD	increasing a long position	536	64.4500 GBP
0.25 ordinary shares	CFD	reducing a short position	1	64.4500 GBP
0.25 ordinary shares	CFD	increasing a short position	69	64.4500 GBP
0.25 ordinary shares	CFD	increasing a short position	395	64.4500 GBP
0.25 ordinary shares	CFD	reducing a short position	10	64.4500 GBP
0.25 ordinary shares	CFD	reducing a short position	2	64.4500 GBP
0.25 ordinary shares	CFD	increasing a short position	32	64.4500 GBP
0.25 ordinary shares	CFD	reducing a short position	3	64.4500 GBP
0.25 ordinary shares	CFD	reducing a short position	17	64.4500 GBP
0.25 ordinary shares	CFD	reducing a short position	3	64.4500 GBP
0.25 ordinary shares	CFD	reducing a short position	4	64.4500 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates (Note 4)	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise 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, exercise	Details	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:	23 October 2026
Contact name:	Claire Gordon
Telephone number:	[phone]

Public disclosures under Rule 38 of the Rules must be made to a Regulatory Information Service.

 

END