Holding(s) in Company

Peerless Technology Group PLC
31 January 2003

PEERLESS TECHNOLOGY GROUP PLC



The Company announces that it was notified on 30 January 2003 that following an
acquisition of 100,000 ordinary shares on 27 January 2003, Nigel Wray is now the
registered holder of and he has an interest in 600,000 ordinary shares in the
capital of the Company representing 4.01% of the Company's current issued
ordinary share capital.



Enquiries



Richard James, Company Secretary - 01423 877422


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