Holding in Company

Crest Nicholson PLC
8 November 2001





Crest Nicholson plc has been advised on 7 November 2001 by Clerical Medical
Investment Management Limited that HBOS plc and its subsidiaries have a
material interest in 5,774,264 ordinary shares in the company representing
5.31% 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
2,401,820      Chase Nominees Ltd a/c CMIG2314                       2314
  679,668      Morgan Nominees Ltd                                   HLBA
  610,585      Morgan Nominees Ltd                                   HLFO
   26,516      Morgan Nominees Ltd                                   HPBA
   20,995      Morgan Nominees Ltd                                   HPFO
 780,000       Morgan Nominees Ltd                                   HXLFE
   26,280      Morgan Nominees Ltd                                   HXPEN