Director/PDMR Shareholding

Crest Nicholson PLC
15 September 2006


On 15 September 2006, the following directors/PDMRs purchased shares under the
Company's Share Incentive Plan:

Director       Shares purchased    Matching Shares to Directors/PDMRs

P. Callcutt    22                  11
D.P. Darby     22                  11
S. Stone       22                  11

PDMR
N.I. Hughes    22                  11
N.C. Tinker    22                  11

The shares were purchased at a price of 551.75p and will normally vest after 5
years.




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