Holding(s) in Company

Crest Nicholson PLC
16 June 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Crest Nicholson Plc

2. Name of shareholder having a major interest

Heron International 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

Heron International Limited

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

Pershing Keen Nominees Limited - 8,400,000

Arrona Limited - 11,235,000

5. Number of shares / amount of stock acquired

885,000

6. Percentage of issued class

0.79%

7. Number of shares / amount of stock disposed

-

8. Percentage of issued class

-

9. Class of security

10p Ordinary shares

10. Date of transaction

15th June 2004

11. Date company informed

16th June 2004

12. Total holding following this notification

19,635,000

13. Total percentage holding of issued class following this notification

17.58%

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

16th June 2004

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