Holding(s) in Company

Crest Nicholson PLC
28 February 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Crest Nicholson Plc

2. Name of shareholder having a major interest

FMR Corp. and its direct and indirect subsidiaries, and Fidelity International
Limited (FIL) and its direct and indirect subsidiaries

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 above

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

JP Morgan, Bournemouth - 334,271

Bank of New York, Brussels - 28,000

JP Morgan, Bournemouth - 54,900

National ASTL BK, Melbourne - 18,100

State Street Bank and TR CO LONDN - 38,902

JP Morgan, Bournemouth - 4,877,240

Brown Brothers Harriman and Co - 13,000

JP Morgan, Chase Bank - 13,300

State Street Bank and TR CO - 10,100

Bank of New York, Brussels - 59,200

Mellon Bank - 31,600

Northern Trust London - 107,300

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

28 February 2005

12. Total holding following this notification

5,585,913

13. Total percentage holding of issued class following this notification

4.98%

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

28 February 2005

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