Crest Nicholson Holdings plc (the "Company")

Directorate Changes

The Company announces certain changes in respect of Non-Executive Directors.

Jim Pettigrew, Non-Executive and Senior Independent Director has notified the Company that he wishes to step down from the Board on 31 December 2017 to concentrate on his portfolio of financial services appointments.

With immediate effect, Octavia Morley who joined the Board in May 2017 will take over as Chair of the Remuneration Committee from Mr Pettigrew, with Mr Pettigrew remaining as a committee member until the end of this year; Mr Pettigrew will remain Chair of the Nomination Committee during that time.

In addition, Pam Alexander, Non-Executive Director who joined the Board in December 2011 has confirmed that she will not be standing for re-election at our AGM in March 2018 having then completed just over six years' service.

The Company is in the process of searching for a new Non-Executive Director to take over the role of Senior Independent Director and Chair of the Nomination Committee, and seeking a further Non-Executive Director; a further announcement will be made in due course.

Commenting on the changes, Chairman William Rucker said:

"I would like to thank Jim and Pam for their extensive contributions to the Board and Group, before and after the Company's IPO and we wish them both well for the future."

For enquiries please contact:

Kevin Maguire

Company Secretary

01932 580555

17 October 2017