Holding(s) in Company

Crest Nicholson PLC
03 December 2002

                                  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
Non beneficial holding on behalf of institutional clients

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
Schroder Nominees Ltd 4,725,149

Chase Nominees Ltd 4,767,607

BT Globenet Nominees Ltd a/c 6B 994,900

HSBC Bank International a/c 10096301 196,200

Morgan Nominee Ltd a/c GRL-Crest ID AG01 460,000

Morgan Nominee Ltd 590,000

MSS Nominees Ltd a/c 809955 270,500

MSS Nominees Ltd a/c 831286 343,179

Nortrust Nominees Ltd 1,546,065

RBSTB Nominee Ltd a/c AAUKPS 264,000

State Street Nominees Ltd a/c 5H57 1,155,000

Mellon Nominees (UK) Ltd 700,000

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 shares

10. Date of transaction






11. Date company informed
2.12.02

12. Total holding following this notification
16,012,600

13. Total percentage holding of issued class following this notification
14.51%

14. Any additional information




15. Name of contact and telephone number for queries
W G Hague 01932 264353

16. Name and signature of authorised company official responsible for making
this notification
W G Hague

Date of notification
3.12.02

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