Holding(s) in Company

Colefax Group PLC
28 January 2003

                       Colefax Group plc (the 'Company')

                               Holding in Company



The Company was informed on 28 January 2003 that funds managed by Discretionary
Unit Fund Managers Limited, as a result of share buybacks by the Company, have
the following interest in the Company:


                                                     Shares held               %
Discretionary Unit Fund                                  900,000            4.49
Rights & Issues Investment Trust plc                   2,100,000           10.47

Total                                                  3,000,000           14.96



Both funds are registered under Clydesdale Nominees.



END


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