Holding(s) in Company

API Group PLC
11 June 2003


To: API Group Plc


                              API GROUP PLC 
                S198 COMPANIES ACT 1985 INTEREST IN SHARES

J.P. Morgan Securities Ltd., on behalf of The Fleming Mercantile Investment
Trust Plc, hereby notifies you that it no longer has a notifiable interest in
the share capital of your company as detailed in the schedule below.


                             API GROUP PLC

The Fleming Mercantile Investment Trust Plc interest comprises as follows;

API Grp Ord 25p

Registered Holder 

The Fleming Mercantile Investment Trust Plc               945,000

TOTAL INTEREST 2.79%                                      945,000




From: J.P.Morgan Securities Ltd.



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