Holding in Company

Colefax Group PLC
15 November 2001


                           Colefax plc ('Company')


Holding in Company


On 15 November 2001 the Company received a notification from Friends Ivory &
Sime plc, dated 1 November 2001, on behalf of the Discovery Trust plc.

The notification states that the Discovery Trust plc no longer has a
beneficial interest in the share capital of the Company.


15 November 2001