GBP 500m Credit Facility

Persimmon PLC
07 December 2004


7 December 2004

                Persimmon Secures £500m Refinanced Credit Facility

Persimmon is pleased to announce that on 3 December 2004 it successfully
refinanced and expanded its UK revolving credit facilities.

Persimmon launched a new £450 million facility with a five year maturity through
a restricted syndication. This was significantly oversubscribed and subsequently
increased to £500 million. The four mandated lead arrangers were Barclays
Capital, Lloyds TSB Bank, National Australia Bank and Royal Bank of Scotland.
The facility agent is Royal Bank of Scotland.

Group Finance Director Mike Killoran said: 'In the light of Persimmon's
continued success as a leading housebuilder and with the support of our key
banking partners we have secured improved financing arrangements at investment
grade margins. The facility will be used to support working capital needs as the
business continues to grow.'

For further information, please contact:

Mike Killoran, Group Finance Director      Edward Orlebar / Kirsty Flockhart
Persimmon plc                              Finsbury Group
Tel: [phone]                         Tel: [phone]

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