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EPT Disclosure

5th May 2005 09:18

FORM 38.5 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS (Rule 38.5 of The City Code on Takeovers and Mergers) Name of exempt principal trader Dresdner Kleinwort Wasserstein Securities Limited Company dealt in Crest Nicholson Plc Relevant security dealt in Ordinary 10p shares Name of offeree with whom connected Crest Nicholson Plc Nature of connection # (3) Broker Date of dealing 4 May 2005 Total number of securities bought 14,961 Highest price paid (GBP) 3.6950 Lowest price paid (GBP) 3.5000 Total number of securities sold 14,744 Highest price paid (GBP) 3.6950 Lowest price paid (GBP) 3.6800 Date of disclosure 5 May 2005 Contact name Andrew Beech Telephone number 020 7475 6030 # See the definition of "connected fund managers and principal traders" in theDefinitions Section of the Code.For details of the Code's dealing disclosure requirements, see Rules 8 and 38.5and their Notes which can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk. ENDDRESDNER KLEINWORT WASSERSTEIN SECURITIES LTD

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Crest Nicholson
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