Holding(s) in Company

Crest Nicholson PLC
13 February 2007


TR-1: notification of major interests in shares
+-----------------------------------------------+----------------------------+
|1. Identity of the issuer or the underlying    |      Crest Nicholson       |
|issuer of existing shares to which voting      |                            |
|rights are attached:                           |                            |
+-----------------------------------------------+--------------------+-------+
|2. Reason for the notification (please tick the appropriate box or  |       |
|boxes)                                                              |       |
+--------------------------------------------------------------------+-------+
|An acquisition or disposal of voting rights                         |       |
+--------------------------------------------------------------------+-------+
|An acquisition or disposal of financial instruments which may result|       |
|in the acquisition of shares already issued to which voting rights  |       |
|are attached                                                        |       |
+--------------------------------------------------------------------+-------+
|An event changing the breakdown of voting rights                    |       |
+--------------------------------------------------------------------+-------+
|Other (please specify):___________________________________________  |       |
+-----------------------------------------------+--------------------+-------+
|3. Full name of person(s) subject to the       |    Lloyds TSB Group plc    |
|notification obligation:                       |                            |
+-----------------------------------------------+----------------------------+
|4. Full name of shareholder(s) (if different   |                            |
|from 3.):                                      |                            |
+-----------------------------------------------+----------------------------+
|5. Date of the transaction (and date on which  |      09 February 2007      |
|the threshold is crossed or reached if         |                            |
|different):                                    |                            |
+-----------------------------------------------+----------------------------+
|6. Date on which issuer notified:              |      12 February 2007      |
+-----------------------------------------------+----------------------------+
|7. Threshold(s) that is/are crossed or reached:|       From 5% to 4%        |
+-----------------------------------------------+----------------------------+
|8. Notified details:                           |                            |
+-----------------------------------------------+--------------------+-------+
+-----------------------------------------------+--------------------+-------+





+----------------------------------------------------------------------------+
|A: Voting rights attached to shares                                         |
+--------+----------------------+--------------------------------------------+
|Class/  |Situation previous to |Resulting situation after the triggering    |
|type of |the Triggering        |transaction                                 |
|shares  |transaction           |                                            |
|        +---------+------------+---------+------------------+---------------+
|if      |Number of|Number of   |Number of|Number of voting  |% of voting    |
|possible|Shares   |Voting      |shares   |rights ix         |rights         |
|using   |         |Rights viii +---------+---------+--------+------+--------+
|the ISIN|         |            |Direct   |Direct x |Indirect|Direct|Indirect|
|CODE    |         |            |         |         |xi      |      |        |
+--------+---------+------------+---------+---------+--------+------+--------+
|ORD GBP |6,294,642|6,294,642   |5,269,789|5,269,789|14,696  |4.665 |0.013   |
|  0.10  |         |            |         |         |        |      |        |
|        |         |            |         |         |        |      |        |
|0232825 |         |            |         |         |        |      |        |
+--------+---------+------------+---------+---------+--------+------+--------+

+----------------------------------------------------------------------------+
|B: Financial Instruments                                                    |
+----------------------------------------------------------------------------+
|Resulting situation after the triggering transaction xii                    |
+----------+----------+--------------+-------------------------------+-------+
|Type of   |Expiration|Exercise/     |Number of voting rights that   |% of   |
|financial |date xiii |Conversion    |may be acquired if the         |voting |
|instrument|          |Period/ Date  |instrument is exercised/       |rights |
|          |          |xiv           |converted.                     |       |
+----------+----------+--------------+-------------------------------+-------+
|          |          |              |                               |       |
+----------+----------+--------------+-------------------------------+-------+

+----------------------------------------------------------------------------+
|Total (A+B)                                                                 |
+------------------------------------------+---------------------------------+
|Number of voting rights                   |% of voting rights               |
+------------------------------------------+---------------------------------+
|5,284,485                                 |4.678                            |
+------------------------------------------+---------------------------------+







+---------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or |
|the financial instruments are effectively held, if applicable xv:          |
+---------------------------------------------------------------------------+
|                                                                           |
+---------------------------------------------------------------------------+

+---------------------------------------------------------------------------+
|Proxy Voting:                                                              |
+------------------------------------------------------------------------+--+
|10. Name of the proxy holder:                                           |  |
+------------------------------------------------------------------------+--+
|11. Number of voting rights proxy holder will cease to hold:            |  |
+------------------------------------------------------------------------+--+
|12. Date on which proxy holder will cease to hold voting rights:        |  |
+------------------------------------------------------------------------+--+

+----------------------------------------------------+----------------------+
|13. Additional information:                         |                      |
+----------------------------------------------------+----------------------+
|14. Contact name:                                   |Will Hague            |
+----------------------------------------------------+----------------------+
|15. Contact telephone number:                       |01932 580555          |
+----------------------------------------------------+----------------------+

Notes

END



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