Covid Corporate Finance Facility

The information contained in this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

Crest Nicholson Holdings plc

(the "Company" or "Crest Nicholson")

Covid Corporate Finance Facility

Crest Nicholson today announces that it has secured access to the HM Treasury and Bank of England Covid Corporate Financing Facility ('CCFF') and has put in place a £300m commercial paper programme under this scheme. The facility will be used to provide additional liquidity should it be required but at present is undrawn.

Crest Nicholson will announce its half year results for the period ending 30 April 2020 on Wednesday 24 June 2020.

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

18 June 2020

The person responsible for arranging the release of this announcement on behalf of the Company is Kevin Maguire, General Counsel & Company Secretary.