Directors Shareholding (s)

Crest Nicholson PLC
26 April 2001


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Crest Nicholson Plc

2   Name of director:
J. Callcutt

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
J. Callcutt

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
-

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
-

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Exercise of 90,000 Approved executive share options at 113.17p and 150,000 at
79.5p.  All shares sold on exercise of which 94,488 shares were sold to meet
exercise costs.

7   Number of shares/amount of stock acquired:
240,000

8   Percentage of issued class:
0.22%

9   Number of shares/amount of stock disposed:
240,000

10  Percentage of issued class:
0.22%

11  Class of security:
10p Ordinary shares

12  Price per share:
Exercise prices of 113.17p and 79.5p.  Sale price 234p.

13  Date of transaction:
25.04.01

14  Date company informed:
25.04.01

15  Total holding following this notification:
186,731

16  Total percentage holding of issued class following this notification:
0.17%

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:
-

18  Period during which or date on which exercisable:
-

19  Total amount paid (if any) for grant of the option:
-

20  Description of shares or debentures involved: class, number:
-

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
-

22  Total number of shares or debentures over which options held following
this notification:
-

23  Contact name for queries:
W.G. Hague

24  Contact telephone number:
01932 847272

25  Name of company official responsible for making notification:
W.G. Hague




Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Crest Nicholson Plc

2   Name of director:
B.G. Walker

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
B.G. Walker

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
-

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
-

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Exercise of 30,000 Approved executive share options at 113.17p and 30,000 at
79.5p.  All shares sold on exercise of which 25,576 shares were sold to meet
exercise costs.

7   Number of shares/amount of stock acquired:
60,000

8   Percentage of issued class:
0.06%

9   Number of shares/amount of stock disposed:
60,000

10  Percentage of issued class:
0.06%

11  Class of security:
10p Ordinary shares

12  Price per share:
Exercise prices of 113.17p and 79.5p.  Sale price 226p.

13  Date of transaction:
26.04.01

14  Date company informed:
26.04.01

15  Total holding following this notification:
2,661

16  Total percentage holding of issued class following this notification:
0.01%

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:
-

18  Period during which or date on which exercisable:
-

19  Total amount paid (if any) for grant of the option:
-

20  Description of shares or debentures involved: class, number:
-

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
-

22  Total number of shares or debentures over which options held following
this notification:
-

23  Contact name for queries:
W.G. Hague

24  Contact telephone number:
01932 847272

25  Name of company official responsible for making notification:
W.G. Hague


Additional Information: