Holding in Company

Crest Nicholson PLC
5 February 2002


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Crest Nicholson Plc

2   Name of shareholder having a major interest:
BAE Systems Plc

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:
-

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
-

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:
10p Ordinary

10  Date of transaction:
-

11  Date company informed:
5.2.02

12  Total holding following this notification:
Below 3%

13  Total percentage holding of issued class following this notification:
-

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:
5.2.02


Additional Information:

Notification that holding below 3% and no longer have notifiable interest.


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