Rule 8.3 - CREST NICHOLSON
FORM 8.3
Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel. Use separate form for
each class of securities in which dealings have been made.
Date of Disclosure 27 April 2005
DISCLOSURE UNDER RULES 8.1(a), 8.1(b) (i) and 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS
Date of Dealing 26 April 2005
Dealing in CREST NICHOLSON
(1) Class of securities (eg ordinary shares) ORD GBP 0.10
(2) Amount Bought Amount Sold Price per Unit
0 7,666 4.0537
Barclays PLC is party to certain CFD transactions (see below). The resultant holdings total includes hedges against CFDs
(short 258,430 shares).
(3) Resultant total of the same class owned or controlled
(and percentage of class) 2,232,876 (1.97%)
(4) Party making disclosure Barclays PLC-
(5) EITHER (a) Name of purchaser / vendor (Note 1)
(b) if dealing for discretionary clients, name of fund management organisation
Barclays PLC
(6) Reason for disclosure (Note 2)
(a) associate of (i) offeror (Note 3) NO
(ii) offeree NO
Specify which category or categories of associate (1-8 overleaf)
(b) Rule 8.3 (I.e disclosure because of ownership or control of 1% or more of the class
of relevant securities dealt in) YES
Signed for and on behalf of the party named in (4) above
Geoff Smith
Telephone and extension number
0207 116 2913
Form 8 Enclosure
A purchaser of a CFD will realise a gain if the price of the underlying security goes up. A seller
of a CFD will realise a gain if the price of the underlying security goes down. The CFD contracts
are open ended and there is no rollover into new contracts.
Contracts for Differences
CFD
Crest Nicholson Long / Short Trade Date Buy/Sell Quantity Open Price
Short 22/08/2003 S 99,093 3.3000
Short 26/08/2003 S 25,000 3.3300
Short 29/08/2003 S 38,880 3.1500
Short 09/09/2003 S 38,462 3.2200
Short 29/10/2003 S 10,000 3.0500
Short 20/11/2003 S 43,103 2.8751
Short 15/11/2004 S 2,110 3.5629
Long 15/11/2004 B 2,487 3.6243
Long 16/11/2004 B 202 3.4575
Short 17/11/2004 S 500 3.4975
Long 17/11/2004 B 655 3.4800
Long 18/11/2004 B 1,000 3.4950
Short 19/11/2004 S 1,734 3.4951
Short 19/11/2004 S 1,700 3.4975
Long 19/11/2004 B 1,854 3.4525
Long 23/11/2004 B 7,774 3.3501
Long 24/11/2004 B 2,810 3.3500
Long 26/11/2004 B 1,218 3.3900
Long 29/11/2004 B 1,333 3.3924
Short 30/11/2004 S 500 3.4295
Long 01/12/2004 B 184 3.3900
Long 01/12/2004 B 856 3.3900
Short 02/12/2004 S 756 3.4375
Short 03/12/2004 S 963 3.4574
Long 06/12/2004 B 879 3.4225
Long 07/12/2004 B 978 3.4150
Short 09/12/2004 S 2,258 3.5700
Short 09/12/2004 S 1,129 3.5675
Long 10/12/2004 B 3,693 3.5525
Long 16/12/2004 B 1,100 3.5825
Long 23/12/2004 B 194 3.6450
Long 29/12/2004 B 992 3.6375
Long 30/12/2004 B 515 3.6525
Long 04/01/2005 B 200 3.6425
Long 07/01/2005 B 1,815 3.5759
Short 10/01/2005 S 698 3.6200
Long 11/01/2005 B 655 3.6325
Long 12/01/2005 B 2,386 3.6895
Long 14/01/2005 B 775 3.6800
Short 17/01/2005 S 900 3.7175
Long 17/01/2005 B 674 3.7100
Long 19/01/2005 B 1,815 3.6825
Long 20/01/2005 B 799 3.7425
Short 21/01/2005 S 1,137 3.7975
Long 21/01/2005 B 600 3.7325
Long 24/01/2005 B 1,200 3.7725
Long 25/01/2005 B 1,400 3.7107
Long 26/01/2005 B 1,583 3.7274
Short 27/01/2005 S 390 3.7200
Long 27/01/2005 B 2,800 3.6725
Long 28/01/2005 B 1,943 3.7121
Long 31/01/2005 B 3,800 3.6452
Long 01/02/2005 B 1,578 3.6700
Long 01/02/2005 B 1,578 3.6750
Long 02/02/2005 B 6,149 3.6671
Long 02/02/2005 B 1,322 3.6500
Short 03/02/2005 S 600 3.6900
Long 04/02/2005 B 1,045 3.7200
Long 04/02/2005 B 4,560 3.7250
Short 07/02/2005 S 300 3.7175
Short 08/02/2005 S 1,687 3.7474
Short 09/02/2005 S 2,888 3.8250
Short 10/02/2005 S 400 3.8725
Short 16/02/2005 S 9,500 3.8427
Short 21/02/2005 S 9,248 3.8500
Short 22/02/2005 S 3,043 3.9808
Short 22/02/2005 S 2,081 3.9498
Long 22/02/2005 B 1,000 3.9525
Short 23/02/2005 S 3,828 3.8541
Short 23/02/2005 S 3,968 3.8708
Short 24/02/2005 S 1,100 3.8900
Long 24/02/2005 B 1,000 3.8525
Short 25/02/2005 S 1,800 3.9175
Short 25/02/2005 S 1,200 3.9625
Long 25/02/2005 B 1,500 3.9025
Short 28/02/2005 S 3,130 3.9700
Short 02/03/2005 S 2,481 3.9950
Short 02/03/2005 S 3,681 3.9890
Short 09/03/2005 S 484 3.9900
Long 09/03/2005 B 972 3.9525
Short 10/03/2005 S 3,144 3.9326
Short 10/03/2005 S 5,737 3.9247
Long 10/03/2005 B 500 3.9225
Short 11/03/2005 S 1,050 4.0000
Short 14/03/2005 S 3,816 4.0000
Long 15/03/2005 B 1,000 3.9600
Short 16/03/2005 S 22,032 4.3450
Long 16/03/2005 B 22,032 4.3450
Long 16/03/2005 B 22,032 4.3450
Long 16/03/2005 B 4,464 4.3494
Long 16/03/2005 B 530 4.2908
Short 16/03/2005 S 3,490 4.3404
Long 17/03/2005 B 715 4.3774
Short 17/03/2005 S 1,100 4.3425
Short 21/03/2005 S 2,000 4.3875
Long 22/03/2005 B 2,100 4.4100
Short 22/03/2005 S 22,032 4.4239
Long 22/03/2005 B 198,288 4.4195
Long 22/03/2005 B 22,032 4.4239
Long 23/03/2005 B 8,226 4.4408
Short 23/03/2005 S 600 4.3725
Short 24/03/2005 S 1,104 4.4318
Long 29/03/2005 B 2,452 4.4375
Short 31/03/2005 S 587 4.4525
Short 31/03/2005 S 319 4.4625
Short 01/04/2005 S 1,306 4.4625
Short 04/04/2005 S 1,675 4.4725
Short 07/04/2005 S 700 4.4125
Short 08/04/2005 S 1,400 4.4025
Short 11/04/2005 S 4,579 4.3774
Short 11/04/2005 S 3,300 4.3875
Short 12/04/2005 S 1,588 4.3650
Short 12/04/2005 S 4,179 4.3581
Short 13/04/2005 S 6,300 4.3853
Long 14/04/2005 B 200 4.3975
Short 14/04/2005 S 2,400 4.2925
Long 15/04/2005 B 7,167 4.2435
Long 18/04/2005 B 3,500 4.1600
Long 18/04/2005 B 4,205 4.1636
Short 19/04/2005 S 2,417 4.1899
Short 19/04/2005 S 14,161 4.1942
Short 22/04/2005 S 16,671 4.1720
Long 25/04/2005 B 4,282 4.1080
Short 25/04/2005 S 7,173 4.0734
Long 26/04/2005 B 7,666 4.0537