Holding(s) in Company

SCHEDULE 10                                  
                                                                               
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1. Name of company

ROLLS-ROYCE GROUP PLC                                                          

2. Name of shareholder having a major interest

FRANKLIN RESOURCES INC.                                                        

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

NON-BENEFICIAL INTEREST                                                        

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

SEE ENCLOSED SCHEDULE                                                          

5. Number of shares / amount of stock acquired



6. Percentage of issued class



7. Number of shares / amount of stock disposed



8. Percentage of issued class



9. Class of security

ORDINARY                                                                       

10. Date of transaction



11. Date company informed

09/09/2003                                                                     

12. Total holding following this notification

215,389,004                                                                    

13. Total percentage holding of issued class following this notification

12.9286%                                                                       

14. Any additional information

S198 Companies Act - notification of reduction in shareholding                 

15. Name of contact and telephone number for queries

JOHN WARREN - 01332 245878                                                     

16. Name and signature of authorised company official responsible for making
this notification

JOHN WARREN - DEPUTY COMPANY SECRETARY                                         

Date of notification

10/09/2003                                                                     

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damages for loss of business or loss of profits) arising in contract, tort or
otherwise from the use of or inability to use this document, or any material
contained in it, or from any action or decision taken as a result of using this
document or any such material.

SCHEDULE

Registered Holder                No. of Shares               % of class        
                                                                               
Chase Nominees Ltd                174,008,363                 10.4447%         
                                                                               
Woolgate House                                                                 
                                                                               
Coleman Street                                                                 
                                                                               
London EC2P 2HD                                                                
                                                                               
Bankers Trust Company               149,173                    0.0090%         
                                                                               
36-44 Moorgate                                                                 
                                                                               
Basement Floor                                                                 
                                                                               
London EC2                                                                     
                                                                               
Northern Trust Company             3,434,043                   0.2061%         
                                                                               
155 Bishopgate                                                                 
                                                                               
London                                                                         
                                                                               
EC2M 3XS                                                                       
                                                                               
State Street Nominees Ltd          13,697,559                  0.8222%         
                                                                               
12-13 Nichols Lane                                                             
                                                                               
London                                                                         
                                                                               
EC4N 7BN                                                                       
                                                                               
Bank of New York Europe              51,015                    0.0031%         
Ltd London                                                                     
                                                                               
Bank of New York, London           1,540,148                   0.0924%         
                                                                               
Citibank Nominees Limited           452,030                    0.0271%         
                                                                               
Lewisham House                                                                 
                                                                               
Molesworth Street                                                              
                                                                               
Lewisham House                                                                 
                                                                               
SE13 7EX                                                                       
                                                                               
Deutsche Bank AG                   1,916,403                   0.1150%         
                                                                               
London                                                                         
                                                                               
Cede & Co                          2,795,825                   0.1678%         
                                                                               
New York                                                                       
                                                                               
Clydesdale Bank PLC                1,690,230                   0.1015%         
                                                                               
London                                                                         
                                                                               
Merrill Lynch Int'l Ltd            2,280,510                   0.1369%         
                                                                               
London                                                                         
                                                                               
Mellon Bank NA                     7,691,123                   0.4617%         
                                                                               
London                                                                         
                                                                               
HSBC Bank                           154,800                    0.0093%         
                                                                               
London                                                                         
                                                                               
Royal Trust Corp. of               5,527,782                   0.3318%         
Canada                                                                         
                                                                               
London                                                                         
                                                                               
TOTAL                             215,389,004                 12.9286%