Additional Listing

Crest Nicholson PLC
11 May 2001

                             Crest Nicholson plc



Crest Nicholson plc announces that application has been made to the London
Stock Exchange and UK Listing Authority for the admission to the Official List
of 880,000 ordinary shares of 10p each. These shares, which rank pari passu
with the existing ordinary shares in issue, will be allotted from time to time
in accordance with the exercise of options under the Crest Nicholson 1985 and
1994 Group Executive Share Option Schemes.