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                               

Chemring Group PLC                   Standard Life Group                                                                               

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      Stanlife Nominees Limited                                       
   the case of an individual holder                                            
   if it is a holding of that                                                  
   person's spouse or children under                                           
   the age of 18                                                               

Notification is in respect of the Shareholder 
named in 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                                                                   

                                                                           

9. Class of security                10. Date of          11. Date company      
                                        transaction          informed          

5p Ordinary Shares                  8 January 2004       16 February 2004                                                                          

12. Total holding following this     13. Total percentage holding of issued    
    notification                         class following this notification     

3,363,040 5p Ordinary Shares         12.258%                                                                               

14. Any additional information       15. Name of contact and telephone number  
                                         for queries                           
                                      
                                     Helen Marsh 01489 881880    

16. Name and signature of authorised company official responsible formaking    
    this notification                                                          
                                                                               
Date of notification   

16 February 2004