Holding(s) in Company

Crest Nicholson PLC
22 February 2007


TR-1:               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached
                                                                          Crest Nicholson Plc
2. Reason for the notification     (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights                                                       X
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 notification               Bear, Stearns International Trading
obligation:                                                                     Limited
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction (and date on which the threshold is                19/02/2007
crossed or reached if different:
6. Date on which issuer notified:                                             21/02/2007
7. Threshold(s) that is/are crossed or reached:                                Above 6%
8. Notified details:










A: Voting rights attached to shares
Class/type of    Situation previous to Resulting situation after the triggering transaction
shares           the Triggering
                 transaction
 if possible     Number of  Number of  Number of    Number of voting rights   % of voting rights
using the ISIN   Shares     Voting     shares
CODE                        Rights     Direct       Direct       Indirect     Direct       Indirect


GB0002328259     3,263,769  3,263,769  7,113,769    7,113,769                 6.293%




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



Total (A+B)
Number of voting rights                            % of voting rights


       7,113,769                                       6.293%












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



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




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