Directorate Change

Crest Nicholson Holdings plc

DIRECTORATE CHANGE

Crest Nicholson Holdings plc ("the Company") announces that Malcolm McCaig, Non-Executive Director will retire from the Board at our forthcoming Annual General Meeting on 19 March 2015 and will not be standing for re-election.

A recruitment process is in progress for two Non-Executive Directors and details will be announced as soon as they are available.

Commenting on Malcolm's retirement, Chairman William Rucker said:

"The Board would like to thank Malcolm for his significant contribution, advice and support over the last 6 years as the Company has transitioned from private to public ownership. We wish Malcolm every success in his future endeavors."

For further information, please contact:

Kevin Maguire

Company Secretary

Crest Nicholson Holdings plc

+44 (0) 1932 580 555

16 February 2015