Holding(s) in Company

Holding(s) in Company 

    LONDON--(BUSINESS WIRE)--May 2, 2003--

ARC International PLC ("the Company")

The Company received the following notification today from Cater Allen
International Limited.

"Notification of Interest in Shares pursuant to Part VI of the Companies Act 1985 (as amended)
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In accordance. with Part VI of the Companies Act 1985 (as amended), please note that
I have been made aware, as of the 30th April 2003, that the interests
of Cater Allen International Limited (CAIL) in the ordinary shares of
ARC International plc has increased to 7.98% (24,197,346 shares) of
the issued share capital.

This holding has arisen from a stock borrowing and lending position
done under the approved Master Equity and Fixed Interest Lending
Agreement as a principal trading member of the London Stock Exchange.
Because of the nature of this holding, declared under the Act, we can
state that we have no interest or voting capability in the said
ordinary shares."

   Short Name: Arc Intl PLC
   Category Code: HOL
   Sequence Number: 00004480
   Time of Receipt (offset from UTC): 20030502T113020+0100