CRE Conduit Holdings Limited

RNS No 4614j
CRESTON LAND & ESTATES PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

CRESTON LAND & ESTATES PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ALAN FERNBACK

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

ALAN FERNBACK, HIS FAMILY, FAMILY TRUST AND PENSION FUND AND PEPS AND BONDS

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

NOT ADVISED

5)  Number of shares/amount of stock acquired.

3,633,383

6)  ( 3.97%) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

SHARES OF 1P

10) Date of transaction

NOT KNOWN

11) Date company informed

02.02.98

12) Total holding following this notification

3,633,383

13) Total percentage holding of issued class following this notification

3.97

14) Any additional information

NONE

15) Name of contact and telephone number for queries

MR C D FRY  0171 823 6766

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification.......02.02.98.........


END

HOLUBUGAPBGRGCP

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