Holding in Company

Crest Nicholson PLC
1 December 2000

Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Crest Nicholson Plc

2   Name of shareholder having a major interest:
Schroder Investment Management Ltd

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
Management of portfolios aggregated for notification purposes.

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Chase Nominees Limited                     8,361,789
BT Globenet Nominees Limited a/c: 6B         596,100
HSBC Bank International a/c: 10096301        185,000
RBSTB Nominees Limited a/c: ESPSBEB          764,978
Nortrust Nominees Limited                  1,120,000
RBSTB Nominees Limited                     3,177,779
State Street Nominees Limited a/c: 5H57    1,500,000
Schroder Nominees Ltd                      4,682,155

5   Number of shares/amount of stock acquired:
-

6   Percentage of issued class:
-

7   Number of shares/amount of stock disposed:
-

8   Percentage of issued class:
-

9   Class of security:
Ordinary 10p Shares

10  Date of transaction:
-

11  Date company informed:
30.11.00

12  Total holding following this notification:
20,387,801

13  Total percentage holding of issued class following this notification:
19.0%

14  Contact name for queries:
W.G. Hague

15 Contact telephone number:
01932 847272

16  Name of company official responsible for making notification:
W.G. Hague

17  Date of notification:
1.12.00

Additional Information: