Holding(s) in Company

Chemring Group PLC
15 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

Deutsche Bank AG

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



Morgan Grenfell & Co Ltd                  - 553,960


Morgan Grenfell & Co Limited A/c Library  - 20


HSBC Global Custody Nominees (UK) Ltd     - 136,000


Morgan Nominees                           - 1,206,929


Morgan Nominees D131                      - 2,225,443


RBSTB Nominees                            - 300,000



5)   Number of shares/amount of stock acquired



6)   Percentage of issued class



7)   Number of shares/amount of stock disposed



8)   Percentage of issued class



9)   Class of security

5p Ordinary Shares

10)  Date of transaction



11)  Date company informed

14 January 2002


12)  Total holding following this notification

4,422,352


13)  Total percentage holding of issued class following this notification

16.42%

14)  Any additional information



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 15 January 2002