Director/PDMR Shareholding

Crest Nicholson PLC
15 December 2005


On 14 December 2005, the following directors purchased shares under the
Company's Share Incentive Plan:


Director                        Shares purchased     Matching Shares to Director

P. Callcutt                                   28                              14

D.P. Darby                                    28                              14

S. Stone                                      28                              14

The shares were purchased at a price of 440.08p and will normally vest after 5
years.


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