Holding in Company

Clarkson (Horace) PLC
20 February 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


                        1) Name of company

                        HORACE CLARKSON PLC

                        2) Name of shareholder having a major interest

                        CMB GROUP

                        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

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



                        5) Number of shares/amount of stock acquired

                        58,000 ORDINARY SHARES

                        6) Percentage of issued class

                        0.40%

                        7) Number of shares/amount of stock disposed

                        N/A

                        8) Percentage of issued class

                        N/A

                        9) Class of security

                        ORDINARY 25p SHARES

                        10) Date of transaction

                        20 FEBRUARY 2001

                        11) Date company informed

                        20 FEBRUARY 2001

                        12) Total holding following this notification

                        2,160,364 SHARES


                        13) Total percentage holding of issued class following
                        this notification

                        15.24%

                        14) Any additional information

                        THIS NOTIFICATION IS MADE ON BEHALF OF THE COMPANY AND
                        ALSO ON BEHALF OF CMB GROUP TO COMPLY WITH THE SARs


                        15) Name of contact and telephone number for queries

                        DAVID GILBERT 020 7334 0000

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

                        DAVID GILBERT COMPANY SECRETARY

                        Date of notification 20 FEBRUARY 2001