Board Change

Crest Nicholson PLC
22 March 2002

22 March 2002

                            CREST NICHOLSON PLC


Further to the Company's announcement on 4 December 2001, Bruce Walker has
stepped down from the Board of Directors and his employment has also ceased.
The Company thanks him for his contribution to the Group and wishes him well
for the future.

                                  - ends -


Enquiries to:
Rebecca Blackwood/Kate Miller/
Jonathan Ayrton
Brunswick Group Limited
Tel: [phone]


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