Notification of Major Interest in Shares

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Crest Nicholson Holdings Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

X

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Barclays Plc

4. Full name of shareholder(s)  (if different from 3.):iv

Barclays Capital Securities Ltd

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

18 February 2013

6. Date on which issuer notified:

20 February 2013

7. Threshold(s) that is/are crossed orreached: vi, vii

Above 3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct xi

Indirectxii

Direct

Indirect

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Call Option (Over Allotment Option)

14/03/2013

10,223,568

4.07

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialInstrument

Expiration datexvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Total (A+B+C)

Number of voting rights

Percentage of voting rights

10,223,568

4.07*

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

* In connection with the initial public offering of securities, Barclays Capital Securities Limited, as Stabilizing Manager, has been granted an over-allotment option of 10,223,568 shares representing 4.07% of the outstanding share capital.

14. Contact name:

James Gibson

15. Contact telephone number:

0203 555 4619