Holding in Company

Belgo Group PLC
5 January 2001



Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Belgo Group plc

2   Name of shareholder having a major interest:
Fleming Mercantile Investment Trust plc

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:
As above

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Robert Fleming Nominees Limited 

5   Number of shares/amount of stock acquired:
Not disclosed

6   Percentage of issued class:
N/A

7   Number of shares/amount of stock disposed:
Not disclosed

8   Percentage of issued class:
N/A

9   Class of security:
Ordinary 1p Shares

10  Date of transaction:
2 January 2001

11  Date company informed:
5 January 2001

12  Total holding following this notification:
51,911,992

13  Total percentage holding of issued class following this notification:
6.31

14  Contact name for queries:
Barry Bartman

15 Contact telephone number:
020 7557 6333

16  Name of company official responsible for making notification:
Barry Bartman

17  Date of notification:
5 January 2001


Additional Information: