Holding(s) in Company

Holding(s) in Company 

    LONDON--(BUSINESS WIRE)--Oct. 23, 2002--

Dear Sirs

NOTIFICATION OF INTEREST(S) IN SHARES UNDER SECTION 198 COMPANIES ACT
1985 ("THE ACT")

We have been advised on 22nd October 2002 by Nomura International
Plc that:

Nomura International Plc currently holds 11,695,244 ordinary shares of
Arc International plc, representing 3.92% of the issued share capital
of Arc International plc.

By virtue of Section 203(2) of the Act Nomura Holdings Inc. is also
deemed to be interested in the shares.

Yours faithfully
ARC INTERNATIONAL PLC
Charles Rendell

   Short Name: Arc Intl PLC
   Category Code: HOL
   Sequence Number: 00001025
   Time of Receipt (offset from UTC): 20021023T092431+0100