24th Mar 2005 11:52
FORM 38.5 (SUMMARY)Use a separate form for each class of securities in which dealings have beenmade.CONNECTED EXEMPT MARKET-MAKERS:DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERSName of EMM: Dresdner Kleinwort Wasserstein Securities LimitedDate of disclosure: 24 March 2005Contact name: Monica LamTelephone number: 020 7475 5827Please see attached disclosure of dealings under Rule 38.5 in the securities ofthe following companies:Crest Nicholson PlcIn the case of option business or dealings in derivatives full details shouldbe given on a separate sheet so that the nature of the dealings can be fullyunderstood. For options this include the number of securities under option, theexercise period (or in the case of exercise, the exercise date), the exerciseprice and any option money paid or received. For derivative this shouldinclude, at least, the number of reference securities to which they relate(when relevant), the maturity date (or if applicable the closing out date) andthe reference price.For full details of the disclosure requirements see Rules 8 and 38 of the Code.If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 76380129.Rule 38.5 (CFD) CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS: DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS Dealing in Contract for Differences ("CFD") referenced to: Crest Nicholson PlcDate of Disclosure: 24 March 2005Date of Dealing: 23 March 2005Name of EMM/EPT: Dresdner Kleinwort Wasserstein Securities LimitedName of offeree/offeror with whom connected: Crest Nicholson PlcProduct Type Buy/Sell Quantity Price MaturityShort Opening 4,000 ‚£4.410 Open endedLong Closing 4,000 ‚£4.442 Open endedENDDRESDNER KLEINWORT WASSERSTEIN SECURITIES LTDRelated Shares:
Crest Nicholson