Holding(s) in Company

Babcock International Group PLC
26 September 2003


                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


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     242,345
     LITTLEDOWN NOMINEES LTD     A/C 07203     173,102
     LITTLEDOWN NOMINEES LTD     A/C 07197   1,125,171
     LITTLEDOWN NOMINEES LTD     A/C 05576   3,503,307
     LITTLEDOWN NOMINEES LTD     A/C 05577     225,014
                                             5,268,939   


5)   Number of shares/amount of stock acquired.



6)   Percentage of issued Class


7)   Number of shares/amount of stock disposed
     1,703,696

8)   Percentage of issued Class
     1.15%

9)   Class of security
     60P ORDINARY SHARES


10)  Date of transaction
     25/9/2003


11)  Date company informed
     26/9/2003


12)  Total holding following this notification
     5,268,939

               
13)  Total percentage holding of issued class following this notification
     3.54%


14)  Any additional information



15)  Name of contact and telephone number for queries
     S. BILLIARD 0207 291 5016


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

     Date of Notification
     26/9/2003


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