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Danae Investment Tst (DNII)

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Thursday 13 February, 2003

Danae Investment Tst

Holding(s) in Company


SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

All relevant boxes should be completed in block capital letters.

1. Name of company                   2. Name of shareholder having a major     
                                        interest                               
   DANAE INVESTMENT TRUST plc                                                  
                                        GOLDMAN SACHS GROUP INC                
                                                                               

3. Please state whether notification 4. Name of the registered holder(s) and,  
   indicates that it is in respect      if more than one holder, the number of 
   of holding of the shareholder        shares held by each of them            
   named in 2 above or in respect of                                           
   a non-beneficial interest or in      GOLDMAN SACHS INTERNATIONAL CREPTEMP   
   the case of an individual holder     ACCT                                   
   if it is a holding of that                                                  
   person's spouse or children under                                           
   the age of 18                                                               
                                                                               
   IN RESPECT OF 2 ABOVE                                                       

5. Number of      6. Percentage of  7. Number of shares 8. Percentage of      
   shares/amount     issued class      /amount of stock    issued class       
   of stock                            disposed                               
   acquired          10.8%                                                    
                                                                              
   4,609,308                                                                  

9. Class of security                10. Date of          11. Date company      
                                        transaction          informed          
   INCOME                                                                      
                                        NOT STATED           13 FEBRUARY 2003  

12. Total holding following this     13. Total percentage holding of issued    
    notification                         class following this notification     
                                                                               
    4,609,308                            10.8%                                 

14. Any additional information       15. Name of contact and telephone number  
                                         for queries                           
                                                                               
                                         JEREMY PUTLEY                         
                                                                               
                                         01423 523553                          

16. Name and signature of authorised company official responsible for making   
    this notification                                                          
                                                                               
    MAUNBY INVESTMENT MANAGEMENT LTD corporate company secretary               
                                                                               
Date of notification 13 FEBRUARY 2003