Crest Nicholson Regulatory News (CRST)

Crest Nicholson Holdings plc

(the "Company" or "Crest Nicholson")

Further AGM Update

As previously announced, Crest Nicholson's 2020 Annual General Meeting ("AGM") was due to be held at 10.30 a.m. on Tuesday 24 March 2020 at Brooklands Hotel, Brooklands Drive, Weybridge, Surrey KT13 0SL.

The Company continues to closely monitor the evolving situation in respect of COVID-19 and its forthcoming AGM. The health and welfare of the Company's shareholders, as well as its employees and customers, is our number one priority.

Following further consideration and to enable the Company to provide shareholders a dial-in listening facility for shareholders, and to hold the meeting at a non-public location, the Company has decided to postpone the AGM to one and half hours later than previously set out in the notice (now midday) and to a different location.

The meeting will now be held at the Company's Registered Office Crest House, Pyrcroft Road, Chertsey, Surrey KT16 9GN (approximately 5 miles from the original venue) at 12.00 noon on the same day, Tuesday 24 March 2020.

A listen only dial-in facility will be provided to allow shareholders to listen to the AGM proceedings. Immediately after the formal AGM, the same dial-in facility will be opened up to allow shareholders to ask questions of the Board.

Details of how to access this dial-in facility will be published on Monday 23 March 2020 via a regulatory news service and on our website www.crestnicholson.com/investor-relations/agm.

Given the recent Government guidance to not travel unless it is essential we strongly encourage shareholders to participate in the AGM by submitting any questions in advance and listening to the AGM remotely. As such, any specific questions on the business of the AGM and resolutions can be submitted ahead of meeting by e-mail to info@crestnicholson.com (marked for the attention of the Company Secretariat). We will publish these questions and answers on our website after the meeting.

The Company apologises for any inconvenience caused by these changes but considers it the most appropriate way to enable as many shareholders as possible to listen to proceedings. We are aware that a substantial number of shareholders have voted by proxy in advance of the meeting.

Our Company Secretariat remain available to shareholders in the first instance for any questions related to the AGM via info@crestnicholson.com or by telephone 01932 580 555 during normal business hours.

In the event that there is any further information or changes, the Company will issue a further communication via a regulatory news service.

For further information, please contact:

Crest Nicholson

Jenny Matthews, Head of Investor Relations +44 (0) 7557 842720

Finsbury +44 (0) 20 7251 3801

Faeth Birch

Philip Walters

20 March 2020

Additional information

As stated above, the 2020 Annual General Meeting of Crest Nicholson Holdings plc will now take place at Crest House, Pyrcroft Road, Chertsey, Surrey KT16 9GN starting at 12.00 noon.

Parking is available at the new venue, the Company's Registered Office. A map and further information is available on our website www.crestnicholson.com/investor-relations/agm.

Due to restrictions under the Company's Articles of Association, shareholders listening remotely will not be counted as being present at the meeting. Therefore, they will not be able to vote at the meeting and will not have the ability to speak or ask questions. However, questions will be taken by those listening remotely after the business of the AGM is concluded. Eligible shareholders attending the AGM in person will be able to ask questions and participate in the main meeting.

As stated previously, the AGM will be kept as concise and efficient as possible and we will minimise social interactions with additional hygiene requirements in force at the meeting and venue. There will not be any formal refreshments. In addition, we intend to limit the attendance of Company employees and Board directors.

We will take all reasonable steps to ensure technical connectivity for those listening remotely, but connectivity cannot be guaranteed.