Holding in Company

Belgo Group PLC
5 March 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Belgo Group plc

2) Name of shareholder having a major interest

Zurich Scudder Investments

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

Littledown Nominees Limited A/C 21667 - 2,737,749

Littledown Nominees Limited A/C 07203 - 5,662,251

Littledown Nominees Limited A/C 07197 - 17,000,000

Littledown Nominees Limited A/C 05576 - 40,300,000

Littledown Nominees Limited A/C 05577 - 2,395,000

5) Number of shares/amount of stock acquired

Not disclosed

6) Percentage of issued class

Not disclosed

7) Number of shares/amount of stock disposed

Not disclosed

8) Percentage of issued class

Not disclosed

9) Class of security

Ordinary 1p shares

10) Date of transaction

Not disclosed

11) Date company informed

2 March 2001

12) Total holding following this notification

68,095,000


13) Total percentage holding of issued class following this notification

8.27%

14) Any additional information



15) Name of contact and telephone number for queries

Barry Bartman, 020 7557 6333

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



Date of notification ..5th March 2001