Holding in Company

API Group PLC
12 December 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

API GROUP PLC

2)   Name of shareholder having a major interest

MORLEY FUND MANAGEMENT LIMITED (a subsidiary of CGNU plc)

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

SEE BOX 2

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


REGISTERED HOLDER                                NUMBER OF SHA2.RES
BNY NORWICH UNION NOMINEES LTD                   1,197,070
CHASE GA GROUP NOMINEES LTD                      115,380



5)   Number of shares/amount of stock acquired

N/A

6)   Percentage of issued class

N/A

7)   Number of shares/amount of stock disposed

900,000

8)   Percentage of issued class

2.66%

9)   Class of security

ORDINARY 25 PENCE SHARES

10)  Date of transaction

07 DECEMBER 2001

11)  Date company informed

12 DECEMBER 2001

12)  Total holding following this notification

1,312,450


13)  Total percentage holding of issued class following this notification

3.88%

14)  Any additional information

NONE

15)  Name of contact and telephone number for queries

ED RICHARDS
01625 858700

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

ED RICHARDS - ASSISTANT COMPANY SECRETARY



Date of notification ...12 DECEMBER...2001...