Holding(s) in Company

Crest Nicholson PLC
08 August 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
Crest Nicholson Plc

2. Name of shareholder having a major interest
Standard Life Investments 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
Stanlife Nominees Ltd

5. Number of shares / amount of stock acquired
-

6. Percentage of issued class
-

7. Number of shares / amount of stock disposed
574,000

8. Percentage of issued class
0.52%

9. Class of security
10p ordinary shares

10. Date of transaction
6th August 2003

11. Date company informed
7th August 2003

12. Total holding following this notification
3,889,279

13. Total percentage holding of issued class following this notification
3.50%

14. Any additional information
-

15. Name of contact and telephone number for queries
N.I. Hughes 01932 264330

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

Date of notification
8th August 2003

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