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The information does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. No securities of Crest Nicholson Holdings Limited (to be re-registered as a plc) (the "Company") have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or with any other securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold or delivered within the United States or to U.S. Persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable states securities laws. Nor does the information constitute an offer of, or an invitation to buy, securities in any jurisdiction in which such offer or invitation is not authorised or to any person to whom it is unlawful to make such an offer or invitation. Potential users of this information are requested to inform themselves about and to observe any such restrictions.
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