Holding in Company

Crest Nicholson PLC
29 October 2001

Crest Nicholson plc has been advised on 26 October 2001 by Clerical Medical
Investment Management Limited that HBOS Plc and its subsidiaries have a
material interest in 4,839,226 ordinary shares in the company representing
4.45% of its issued ordinary share capital.

The shares are registered as follows:

No of Shares   Registered Holder                                     Fund

1,228,400      Chase Nominees Ltd a/c CMIG1105                       1105
1,771,978      Chase Nominees Ltd a/c CMIG2314                       2314
  528,849      Morgan Nominees Ltd                                   HLBA
  471,497      Morgan Nominees Ltd                                   HLFO
   20,103      Morgan Nominees Ltd                                   HPBA
   15,857      Morgan Nominees Ltd                                   HPFO
  780,000      Morgan Nominees Ltd                                   HXLFE
   22,542      Morgan Nominees Ltd                                   HXPEN