Holding(s) in Company

10 June 2004

The Company has been notified today pursuant to the Companies Act 1985 that
Royal Mail Pensions Trustees Limited, PossFund Custodian Trustee Ltd, have a
notifiable interest in 2,875,656 ordinary shares in our Company, representing
6% of the issued share capital, as follows:

No. of Shares Held  Nominee/Registered Name        
                                                   
2,679,475           Chase Nominees Ltd             
                                                   
196,181             PossFund Nominees Ltd          
                                                   
2,875,656