Holding(s) in Company

Baillie Gifford Shin Nippon PLC
01 March 2004


                        Baillie Gifford Shin Nippon PLC

                        Disclosure of Interest in Shares


Baillie Gifford Shin Nippon PLC has today been informed by Tattersall Advisory
Group that on 25 February 2004 they sold 100,000 ordinary shares in the Company.

This brings their total holding in the Company to 872,000 ordinary shares, which
represents 2.85% of the 30,600,492 shares in issue.


                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                    1 March 2004


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