Holding(s) in Company

Babcock International Group PLC
9 April 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY 

     BABCOCK INTERNATIONAL GROUP PLC



2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST 

     ZURICH FINANCIAL SERVICES



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



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

     LITTLEDOWN NOMINEES LTD
     A/C 21667 - 555,000 SHARES
     A/C 07203 - 600,000 SHARES
     A/C 07197 - 1,334,119 SHARES
     A/C 05576 - 6,071,478 SHARES
     A/C 05577 - 389,965 SHARES



5)   Number of shares/amount of stock acquired.
     150,000



6)   ( 0.1 %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     60P ORDINARY SHARES



10)  Date of transaction 

     09-04-03



11)  Date company informed 

     09-04-03



12)  Total holding following this notification

     8,950,562


               
13)  Total percentage holding of issued class following this notification

     6.04%



14)  Any additional information



15)  Name of contact and telephone number for queries

     S. BILLIALD
     OFFICE MANAGER
     BABCOCK INTERNATIONAL GROUP PLC
     020 7291 5016



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

     Date of Notification 09.04.2003.....................




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