Holding in Company

Chemring Group PLC
10 January 2002

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

Chemring Group Plc

2)   Name of shareholder having a major interest

Morley Fund Management Limited

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

Notification is in respect of the 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

BNY Norwich Union Nominees Limited - 275,532 5p Ordinary Shares

5)   Number of shares/amount of stock acquired




6)   Percentage of issued class



7)   Number of shares/amount of stock disposed

614,000

8)   Percentage of issued class

2.28%

9)   Class of security

5p Ordinary Shares

10)  Date of transaction

8 January 2002


11)  Date company informed

10 January 2002

12)  Total holding following this notification

275,532 5p Ordinary Shares

13)  Total percentage holding of issued class following this notification

1.02%




14)  Any additional information

Shareholder no longer has notifiable interest in the shares of Chemring Group
Plc


15)  Name of contact and telephone number for queries

Helen Marsh - 01489 881880

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


Helen Marsh


     Date of notification 10 January 2002