Holding in Company

Acal PLC
26 September 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     ACAL PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     M&G 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

     NON-BENEFICIAL INTEREST

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

     CLYDESDALE BANK NOMINEES LIMITED MGB             1,070,323
     CLYDESDALE BANK NOMINEES LIMITED RIT               925,144
     PRUCLT HSBC GIS NOMINEES (UK) PAC A/C              851,500

5)   Number of shares/amount of stock acquired.



6)   (N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   (N/A %) of issued Class

9)   Class of security

     ORDINARY SHARE OF 5P

10)  Date of transaction



11)  Date company informed

     25 SEPTEMBER 2000

12)  Total holding following this notification

     2,846,967
               
13)  Total percentage holding of issued class following this notification

     10.97%

14)  Any additional information

     ALL MATERIAL SUBJECT TO COPYRIGHT

15)  Name of contact and telephone number for queries

     JOHN POMEROY     01276 474 406

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

     Date of Notification ....26 SEPTEMBER 2000...............