Holding(s) in Company

Derwent Valley Holdings PLC
06 February 2004


                                                     SCHEDULE 10

                                      NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)        Name of company:

           DERWENT VALLEY HOLDINGS PLC


2)        Name of shareholder having a major interest:

           Legal and General Investment Management Limited


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:

           Not notified


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

           HSBC Global Custody Nominee (UK) Limited


5)        Number of shares/amount of stock acquired:

           152,000 shares


6)        Percentage of issued class:

           0.29%


7)        Number of shares/amount of stock disposed:

           -


8)        Percentage of issued class:

          -


9)        Class of security:

           5p Ordinary shares


10)       Date of transaction:

           February 2, 2004


11)       Date company informed:

           February 6, 2004


12)       Total holding following this notification:

           1,627,195


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

           3.06%


14)       Any additional information:

           -


15)       Name of contact and telephone number for queries:

           Mr 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:                   February 6th             2004





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