Director/PDMR Shareholding

Crest Nicholson PLC
15 August 2005


On 15 August 2005, the following directors purchased shares under the Company's
Share Incentive Plan:


Director               Shares purchased          Matching Shares to Director

P. Callcutt            31                        16
D.P. Darby             31                        16
S. Stone               31                        16

The shares were purchased at a price of 409.58p and will normally vest after 5
years.




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