Holding(s) in Company

Berkeley Group Holdings (The) PLC
17 May 2005

LETTER TO:     THE BERKELEY GROUP HOLDINGS PLC
DATED:         17th MAY, 2005


Subject: Part VI of the Companies Act 1985

As agent of each of the persons noted below, we hereby give you notice in
accordance with Section 198 of Part VI of the Companies Act 1985. This notice is
given on behalf of the following persons:

     1. Saad Investments Company Limited whose address is at P.O. Box 309GT, 
        Ugland House, South Church Street, George Town, Grand Cayman, Cayman 
        Islands ('Saad');

     2. Mr. Maan Al-Sanea whose address is at P.O. Box 3250, Al Khobar 31952, 
        Saudi Arabia ('Mr. Al-Sanea');

     3. Lombard Atlantic Bank N.V. whose address is at New Haven Office Center, 
        Emacipatie Boulevard 31B, Suite 11, P.O. Box 6052, Curacao, Netherlands 
        Antilles ('Lombard'); and

     4. Awal Bank B.S.C. whose address is at Bahrain Commercial Complex, The 
        Tower, P.O. Box 1735, Manama, Bahrain.

Each of the notifications in this letter relates to Units comprised of one New
Ordinary Share, one 2006 B Share, one 2008 B Share and one 2010 B Share per Unit
('such share capital') in the Berkeley Group Holdings plc ('Berkeley Group
Holdings').

The notification of each of Saad and Mr. Al-Sanea is that each has a known
notifiable interest in such share capital numbering 23,038,722 Units, which we
understand represents 19.07 % of such share capital of 120,820,642 Units.

The notification of Lombard, a wholly owned subsidiary of Saad, is that Lombard
has a known notifiable interest in 5,000,000 of the same 23,038,722 Units.

The notification of Awal, a company owned by Saad and Mr. Al-Sanea, is that Awal
has a known notifiable interest in 3,250,000 of the same 23,038,722 Units.

The registered holders of such shares and the numbers of shares held by each
registered holder upon settlement of transactions through the close of business
on 16th May, 2005 will be:

Vidacos Nominees Ltd            12,001,357 

Raffles Nominees (Pte) Ltd.      1,341,135 

Euroclear Nominees Limited       1,017,000 

N.Y. Nominees Limited            7,090,730 

Chase Nominees Ltd.                670,000 

James Capel (Nominees) Ltd         918,500 

Total                           23,038,722


FROM:     FOR AND ON BEHALF OF
          SAAD FINANCIAL SERVICES S.A.


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