Holding(s) in Company

Crest Nicholson PLC
09 December 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
Crest Nicholson Plc

2. Name of shareholder having a major interest
Scottish Widows Investment Partnership 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
As in 2 above

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

State Street Nominees Ltd A/C XBY2 - 454,700

State Street Nominees Ltd A/C XC5U - 325,100

State Street Nominees Ltd A/C XBY3 - 50,123

State Street Nominees Ltd A/C W32L - 150,013

State Street Nominees Ltd A/C W3L2 - 28,382

State Street Nominees Ltd A/C W33H - 411,873

State Street Nominees Ltd A/C XBJ2 - 533,220

State Street Nominees Ltd A/C XBK5 - 29,723

State Street Nominees Ltd A/C XBJ3 - 194,000

State Street Nominees Ltd A/C W3I8 - 11,686

State Street Nominees Ltd A/C WJJ9 - 40,000

State Street Nominees Ltd A/C XBP7 - 247,332

State Street Nominees Ltd A/C XBY4 - 255,438

State Street Nominees Ltd A/C XC5W - 174,900

State Street Nominees Ltd A/C XBY5 - 17,977

State Street Nominees Ltd A/C XBK6 - 260,494

State Street Nominees Ltd A/C XBS8 - 4,742

State Street Nominees Ltd A/C W39H - 640,047



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
9 December 2004

12. Total holding following this notification
3,829,750

13. Total percentage holding of issued class following this notification
3.42%

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
9 December 2004

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