Directors Shareholding(s)

Crest Nicholson PLC
7 March 2002


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Crest Nicholson Plc

2   Name of director:
D. Ross

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
D. Ross

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

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
-

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Exercise of Unapproved Executive Share Options and their subsequent disposal.

7   Number of shares/amount of stock acquired:
120,000

8   Percentage of issued class:
0.11%

9   Number of shares/amount of stock disposed:
120,000 (of which 83,520 were sold to meet exercise costs and PAYE
liabilities)

10  Percentage of issued class:
0.11%

11  Class of security:
10p Ordinary

12  Price per share:
Exercise prices; 70,000 @ 112p and 50,000 @ 128.5p; Sale price of 240p.

13  Date of transaction:
6.3.02

14  Date company informed:
6.3.02

15  Total holding following this notification:
12,610

16  Total percentage holding of issued class following this notification:
-

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:
-

18  Period during which or date on which exercisable:
-

19  Total amount paid (if any) for grant of the option:
-

20  Description of shares or debentures involved: class, number:
-

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
-

22  Total number of shares or debentures over which options held following
this notification:
-

23  Contact name for queries:
W.G. Hague

24  Contact telephone number:
01932 847272

25  Name of company official responsible for making notification:
W.G. Hague


Additional Information:


                      This information is provided by RNS
            The company news service from the London Stock Exchange