Holding(s) in Company

5 August 2005

The Company has been notified today for the purposes of Section 198 of the
Companies Act 1985 that as an investor in the Hermes UK Small Companies Focus
Fund, (SCFF) Ram Trust Services, Inc has a 6.080% interest in Oxford
Instruments. Ram has no additional position in Oxford Instruments outside of
the investment via SCFF

No of Shares Held    Nominee/Registered Name         
                                                     
           2,941,975 Chase Nominees Limited          

NB: This notifiable interest arises as a controller of Hermes Focus Asset
Management Limited, Hermes Investment Management Limited and/or Hermes SLP
Limited and/or as a partner in one or more of the partnerships.