Holding(s) in Company

Crest Nicholson PLC
12 October 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Crest Nicholson Plc

2. Name of shareholder having a major interest

HBOS 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

HBOS plc

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

HSDL Nominess Limited - 20

Nortrust Nominees Limited a/c HXCM HPFO - 17,100

Nortrust Nominees Ltd HXPEN - 20,200

Nortrust Nominees Ltd HPBA - 21,100

Nortrust Nominees Limited a/c HXCM HLFO - 257,800

Nortrust Nominees Ltd HLBA - 289,000

Nortrust Nominees Ltd HXLFE - 296,000

Chase Nominees a/c CMIG 1105 - 524,500

Chase Nominees a/c CMIG 2314 - 2,967,320

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

11 October 2004

12. Total holding following this notification

4,393,040

13. Total percentage holding of issued class following this notification

3.93%

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

12 October 2004

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