Rule 38.5_A - Replacement of DCC Energy plc

Morgan Stanley & Co. Int'l plc

15 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:	14 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	30,882	64.4000 GBP	64.3000 GBP
0.25 ordinary shares	SALES	32,631	64.4019 GBP	64.3000 GBP
0.25 ordinary shares	SALES	114	84.6754 USD	84.6210 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	increasing a short position	10	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	317	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	12	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	455	64.3000 GBP
0.25 ordinary shares	CFD	reducing a short position	1,004	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	1,004	64.3000 GBP
0.25 ordinary shares	CFD	increasing a long position	4	64.3000 GBP
0.25 ordinary shares	CFD	increasing a long position	11	64.3000 GBP
0.25 ordinary shares	CFD	reducing a short position	117	64.3000 GBP
0.25 ordinary shares	CFD	reducing a short position	147	64.3000 GBP
0.25 ordinary shares	CFD	reducing a short position	71	64.3000 GBP
0.25 ordinary shares	CFD	reducing a short position	29	64.3000 GBP
0.25 ordinary shares	CFD	increasing a short position	74	64.3001 GBP
0.25 ordinary shares	CFD	increasing a short position	1,813	64.3110 GBP
0.25 ordinary shares	CFD	reducing a short position	100	64.3133 GBP
0.25 ordinary shares	CFD	reducing a short position	20	64.3134 GBP
0.25 ordinary shares	CFD	reducing a short position	24	64.3134 GBP
0.25 ordinary shares	CFD	reducing a short position	57	64.3134 GBP
0.25 ordinary shares	CFD	reducing a short position	6	64.3134 GBP
0.25 ordinary shares	CFD	reducing a long position	794	64.3192 GBP
0.25 ordinary shares	CFD	increasing a short position	592	64.3220 GBP
0.25 ordinary shares	CFD	increasing a short position	71	64.3263 GBP
0.25 ordinary shares	CFD	increasing a long position	1,974	64.3347 GBP
0.25 ordinary shares	CFD	reducing a short position	1,895	64.3358 GBP
0.25 ordinary shares	CFD	increasing a long position	342	64.3444 GBP
0.25 ordinary shares	CFD	increasing a long position	1,035	64.3470 GBP
0.25 ordinary shares	CFD	reducing a short position	36	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	210	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	45	64.3500 GBP
0.25 ordinary shares	CFD	increasing a short position	150	64.3500 GBP
0.25 ordinary shares	CFD	reducing a short position	146	64.3506 GBP
0.25 ordinary shares	CFD	reducing a short position	161	64.3506 GBP
0.25 ordinary shares	CFD	increasing a long position	33	64.3591 GBP
0.25 ordinary shares	CFD	reducing a short position	50	64.3712 GBP
0.25 ordinary shares	CFD	reducing a short position	2	64.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	34	64.3750 GBP
0.25 ordinary shares	CFD	reducing a long position	76	64.3750 GBP
0.25 ordinary shares	CFD	reducing a short position	253	64.3898 GBP
0.25 ordinary shares	CFD	reducing a short position	8	64.3962 GBP
0.25 ordinary shares	CFD	increasing a short position	2	64.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	210	64.4000 GBP
0.25 ordinary shares	CFD	reducing a short position	63	64.4000 GBP
0.25 ordinary shares	CFD	increasing a short position	207	64.4000 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:	15 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