Holding(s) in Company

Caledonia Investments PLC
06 May 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

All relevant boxes should be completed in block capital letters.


1.  Name of company                                2.  Name of shareholder having a major interest

    Caledonia Investments plc                          Devon County Council



3.  Please state whether notification indicates    4.  Name of the registered holder(s) and, if more than one
    that it is in respect of holding of the            holder, the number of shares held by each of them
    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       Chase Nominees Limited
    18


    Material interest of person named in 2 above


5.  Number of shares/     6.  Percentage of issued  7.  Number of shares/amount 8.  Percentage of issued class
    amount of stock           class                     of stock disposed
    acquired



    Not advised                                         Not advised



9.  Class of security                               10.  Date of transaction     11.  Date company informed



    Ordinary 5p                                          Not advised                  5 May 2004



12.  Total holding following this notification      13.  Total percentage holding of issued class following this
                                                         notification


     4,042,843                                           5.568%



14.  Any additional information                   15.  Name of contact and telephone number for queries



     Devon County Council does not have a direct
     holding in the 4,042,843 shares referred to
     above but it is an interested party in these      Mr G P Denison      020 7802 8080
     shares by virtue of its relationship with
     Hermes Focus Asset Management Limited.




16.  Name and signature of authorised company official responsible for making 
     this notification

     Mr G P Denison, Company Secretary




Date of notification __6 May 2004




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