Holding(s) in Company

Associated British Engineering PLC
7 March 2002



NOTIFICATION OF MAJOR INTEREST IN SHARES

Pursuant to section 198 of the Companies Acts 1985 please note that the number
of Associated British Engineering plc ordinary shares in which Unibank A/S c/o 
Citibank London are interested in is 47,500 shares, equivalent to 3.61% of the 
issued ordinary capital.

The shares are or will be registered in the name of Nordea Securities Bank
Danmark A/S Copenhagen on behalf of Peter Gyllenhammar of Stockholm.


                      This information is provided by RNS
            The company news service from the London Stock Exchange