Director Shareholding

Crest Nicholson PLC
10 February 2005


Crest Nicholson Plc advises that on 10 February 2005 the following directors
have been given awards of ordinary shares in the Company under the Crest
Nicholson Long Term Share Incentive Plan:


Director                           No. of ordinary shares

J Callcutt                         52,610

D P Darby                          30,874

S Stone                            42,036

P Callcutt                         30,156


Performance period is 1 November 2004 to 31 October 2007.


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