Directors' Notification of Dealing in Shares

Crest Nicholson PLC
24 August 2000


                          SCHEDULE 11
                               
 NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
                               

All relevant  boxes  should  be  completed  in   block
    capital letters.
    
1 Name of company              2  Name of director
. Crest Nicholson              .  J C Littler


3 Please state whether         4  Name of the registered holder(s)
. notification indicates that  .  and, if more than one holder, the
  it is in respect of holding     number of shares held by each of
  of the shareholder named in     them (if notified)
  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         n/a
  children under the age of 18
  or in respect of an non-
  beneficial interest
  
  J C Littler
  
5 Please state whether         6  Please state the nature of the
. notification relates to a    .  transaction. For PEP transactions
  person(s) connected with the    please indicate whether
  director named in 2 above       general/single
  and identify the connected      co PEP and if discretionary/non
  person(s)                       discretionary/non discretionary
                                  
                                  Exercise of 64,448 executive
  n/a                             share options at 39.79p and
                                  80,000 at 79.5p
                                 
7 Number of     8  Percentage   9  Number of       10 Percentage of
. shares/amoun  .  of issued    .  shares/amount   .  issued class
  t of stock      class           of stock          
  acquired                        disposed          
                                                    
  144,448         0.1%            n/a               n/a
                                                   

    
1 Class of      12 Price per     13 Date of         14  Date company
1 security      .  share         .  transaction     .   informed
.                                                     
  10p Ordinary    n/a              23 August 2000     23 August 2000
  shares                                             
  
1 Total holding following this 16 Total percentage holding of
5 notification                 .  issued class following this
.                                 notification
                                  
  207,980                         0.2%
  
If a director  has been granted options by the company please
complete the following boxes.
1 Date of grant                1  Period during which or date on
7                              8  which exercisable
.                              .  

1 Total amount paid (if any)   2  Description of shares or
9 for grant of the option      0  debentures involved: class,
.                              .  number
                                  
2 Exercise price (if fixed at  2  Total number od shares or
1 time of grant) or indication 2  debentures over which options
. that price is to be fixed at .  held following this notification
  time of exercise                

    
2 Any additional information   2  Name of contact and telephone
3                              4  number for queries
.                              .  


    
2 Name and signature of authorised company official responsible for
5 making this notification
. 

Date of notification _____________________20 _________