Holding in Company

Conroy Diamonds & Gold PLC
31 May 2001


                  Conroy Diamonds & Gold plc ('the Company')

                              Holding in Company

The Company has today been informed that on 30 May 2001, Everett Financial
Management Limited sold to its clients 95,000 ordinary shares of IEP0.025 each
in the Company. Everett Financial Management Limited and its affiliates no
longer has a notifiable interest in the Company.