Holding(s) in Company

Crest Nicholson PLC
08 April 2004

                                  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 Limited

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 Limited - 2,618,700

Banque Nationale de Paris - 18,000

Chase Nominees Limited - 5,626,198

HSBC Bank International a/c: 10096301 - 140,200

HSBC Global Custody Nom (UK) Limited a/c 809955 - 295,500

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

Morgan Nominee Limited - 607,100

MSS Nominees Limited a/c: 831286 - 1,125,000

Nortrust Nominees Limited - 843,400

State Street Nominees Limited a/c: 5H57 589,400

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

8th April 2004

12. Total holding following this notification

12,323,498

13. Total percentage holding of issued class following this notification

11.04%

14. Any additional information

-

15. Name of contact and telephone number for queries

W.G. Hague 01932 847272

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

W.G. Hague

Date of notification

8th April 2004

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