Holding in Company

Derwent Valley Holdings PLC
29 November 2001


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)  Name of company:
    DERWENT VALLEY HOLDINGS PLC

2)  Name of shareholder having a major interest:
     ROYAL & SUNALLIANCE INVESTMENTS

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:
     N/A

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

    Nortrust Nominees                         80,704

    Littledown Nominees Limited 'R' A/c    3,154,780

    Royal Heritage Life Assurance Limited    116,643

5)  Number of shares/amount of stock acquired:
     N/A

6)  Percentage of issued class:
     N/A

7)  Number of shares/amount of stock disposed:
     N/A

8)  Percentage of issued class:
     N/A

9)  Class of security:
     5p Ordinary shares

10) Date of transaction:
     N/A

11) Date company informed:
     November 29, 2001

12) Total holding following this notification:
     3,352,127

13) Total percentage holding of issued class following this notification:
     6.31%

14) Any additional information:
     -

15) Name of contact and telephone number for queries:
     T. J. Kite                      0207 659 3000

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

     T. J. Kite - Company Secretary

     Date of notification:             November.29  2001