TIDMCRST

RNS Number : 5899I

Crest Nicholson Holdings PLC

19 April 2022

Crest Nicholson Holdings plc

(the 'Group' or 'Crest Nicholson')

BUILDING SAFETY PLEDGE

Following the Group's announcement on 5 April 2022 of its intention to sign the Building Safety Pledge (the "Pledge"), Crest Nicholson Holdings plc today announces it has signed the Pledge without requiring further regulatory approval.

As stated in the announcement of 5 April 2022, the Board considers that an exceptional charge in the range of GBP80m to GBP120m currently represents its best estimate of the further liability that will arise by signing the Pledge.

The Group looks forward to providing an update on progress against its strategy at the half year results announcement on 14 June 2022.

For further information, please contact:

 
 Crest Nicholson 
 Jenny Matthews, Head of Investor 
  Relations                           +44 (0) 7557 842720 
 Tulchan Communications 
 James Macey White / Giles Kernick    +44 (0) 20 7353 4200

19 April 2022

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April 19, 2022 05:33 ET (09:33 GMT)

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