Disposal

Crest Nicholson PLC
30 January 2003





ING Bank N.V., London

30 January 2003


TO: CITY EDITORS

FOR IMMEDIATE RELEASE





                              Crest Nicholson PLC

                     Proposed disposal of Pearce Group PLC


At the Extraordinary General Meeting of Crest Nicholson PLC held on 29 January
2003, the resolution to approve the disposal of Pearce Group PLC was duly
passed.


A signed copy of the resolution is available for inspection through the Document
Viewing Facility at the UKLA.




END


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