Holding(s) in Company

Crest Nicholson PLC
28 August 2002


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
Crest Nicholson Plc

2. Name of shareholder having a major interest
Schroder Investment Management Limited

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18
Non beneficial holding on behalf of institutional clients

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

Schroder Nominees Limited                           5,439,149

Chase Nominees Limited                              4,843,304

BT Globenet Nominees Limited a/c: 6B                  994,900

Chase Nominees Limited                                322,325

HSBC Bank International a/c: 10096301                 185,000

Morgan Nominee Limited a/c: GRL-Crest ID: AGO1        460,000

Morgan Nominee Limited                                590,000

MSS Nominees Limited a/c: 823666                      550,000

MSS Nominees Limited a/c: 809955                      270,500

Nortrust Nominees Limited                           1,541,065

RBSTB Nominee Limited a/c: AAUKPS                     264,000

State Street Nominees Limited a/c: 5H57             1,130,000

                                                     ________

                                                   16,590,243

5. Number of shares / amount of stock acquired
300,000 Ordinary 10p shares

6. Percentage of issued class
0.27%

7. Number of shares / amount of stock disposed
-

8. Percentage of issued class
-

9. Class of security
Ordinary 10p shares

10. Date of transaction
23rd August, 2002

11. Date company informed
28th August, 2002

12. Total holding following this notification
16,590,243

13. Total percentage holding of issued class following this notification
15.06%

14. Any additional information
-

15. Name of contact and telephone number for queries
N.I. Hughes 01932 847272

16. Name and signature of authorised company official responsible for making
this notification
N.I. Hughes

Date of notification
28th August 2002

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