Director/PDMR Shareholding

Crest Nicholson PLC
15 July 2005

On 14 July 2005, the following directors purchased shares under the Company's
Share Incentive Plan:


Director               Shares purchased          Matching Shares to Director

P. Callcutt            31                        15

D.P. Darby             31                        15

S. Stone               31                        15

The shares were purchased at a price of 397.65p and will normally vest after 5
years.




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