Crest Nicholson Regulatory News (CRST)

3 May 2007 17:47

Crest Nicholson PLC03 May 2007 Crest Nicholson PLCFor Immediate Release3 May 2007 Recommended Proposals for the acquisition of Crest Nicholson PLC by Castle Bidco Limited Scheme of Arrangement becomes effective Further to the announcement made on 2 May 2007, Crest Nicholson PLC ("CrestNicholson" or the "Company") confirms that the Scheme has today become effectivein accordance with its terms. In accordance with paragraph 16 of Part 2 (Explanatory Statement) of the SchemeDocument, trading in Crest Nicholson Shares on the London Stock Exchange'smarket for listed securities was suspended with effect from close of business on2 May 2007. Crest Nicholson Shares will be de-listed at 8.00 a.m. on 8 May 2007. Capitalised terms used but not defined in this announcement have the samemeanings as set out in the Scheme Document. Enquiries Crest Nicholson 01932 580 555John Matthews, ChairmanStephen Stone, Chief Executive Dresdner Kleinwort (Financial and Rule 3 Adviser and Broker 020 7623 8000to Crest Nicholson)Charles BattenMichael CovingtonAngus Kerr (Corporate Broking) Brunswick (Public Relations Adviser to Crest Nicholson) 020 7404 5959Andrew FenwickKate Miller Dresdner Kleinwort, which is authorised and regulated in the United Kingdom bythe Financial Services Authority, is acting for Crest Nicholson and no-one elsein relation to the Proposals and will not be responsible to anyone other thanCrest Nicholson for providing the protections afforded to customers of DresdnerKleinwort or for providing advice in relation to the Proposals or any othermatter referred to herein. This information is provided by RNS The company news service from the London Stock Exchange