Holding 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                               
   The Law Debenture Corporation                                               
   p.l.c.                               Merchant Investors Assurance Company   
                                        Limited                                

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      The Bank of New York (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                                                               
                                                                               
   Shareholder in 2.                                                           

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          0.427                                                    
                                                                              
   100,000                                                                    

9. Class of security                10. Date of          11. Date company      
                                        transaction          informed          
   Ordinary                                                                    
                                        10 June 2002         11 June 2002      

12. Total holding following this     13. Total percentage holding of issued    
    notification                         class following this notification     
                                                                               
    705,000                              3.015                                 

14. Any additional information       15. Name of contact and telephone number  
                                         for queries                           
                                                                               
                                         Ian Bowden, Head Company secretariat  
                                                                               
                                         020 7696 5285                         

16. Name and signature of authorised company official responsible for making   
    this notification                                                          
                                                                               
    Ian Bowden                                                                 
                                                                               
Date of notification ____11 June 2002