Holding(s) in Company

Crest Nicholson PLC
03 October 2003

                                  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 - 3,169,534

Schroder Unit Trusts Limited - 5,171,898

Banque Nationale de Paris - 24,500

Chase Nominees Limited - 322,325

Chase Manhattan Bank - 240,000

HSBC Bank International a/c: 10096301+C170 - 196,200

HSBC Global Custody Nom (UK) a/c 809955 - 295,500

Morgan Nominee Limited a/c: GRL-Crest ID: AG01 - 460,000

Morgan Nominee Limited - 607,100

MSS Nominees Limited a/c: 831286 - 837,179

Nortrust Nominees Limited - 883,700

RBSTB Nominee Limited a/c: AAUKPS - 264,000

State Street Nominees Limited a/c: 5H57 - 905,000

5. Number of shares / amount of stock acquired
-

6. Percentage of issued class
-

7. Number of shares / amount of stock disposed
-

8. Percentage of issued class
-

9. Class of security
10p Ordinary shares

10. Date of transaction
-

11. Date company informed
3rd October, 2003

12. Total holding following this notification
13,376,936

13. Total percentage holding of issued class following this notification
12.021%

14. Any additional information
-

15. Name of contact and telephone number for queries
N.I. Hughes 01932 264 330

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

Date of notification
3rd October 2003

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