Holding in Company

Caledonia Investments PLC
26 July 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company
Caledonia Investments plc


2) Name of shareholder having a major interest

Devon County Council

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

Beneficial holding of shareholder named in 2 above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
Chase Nominees Ltd


5) Number of shares/amount of stock acquired
3,618,185


6) Percentage of issued class

4.58%

7) Number of shares/amount of stock disposed



8) Percentage of issued class



9) Class of security
Ordinary 5p


10) Date of transaction
25 July 2001


11) Date company informed
26 July 2001


12) Total holding following this notification
3,638,685



13) Total percentage holding of issued class following this notification
4.61%


14) Any additional information
Devon County Council does not have a direct holding in the 3,618,185 shares
referred to above but it is an interested party in these shares by virtue of
its relationship with Hermes Focus Asset Management Limited.


15) Name of contact and telephone number for queries
G P Denison 020 7481 4343


16) Name and signature of authorised company official responsible for
making this notification
G P Denison, Company Secretary
Date of notification ..........25 July 2001........