Holding(s) in Company

Billam PLC
07 October 2003


                                   Billam Plc

                               Holding in Company

On 6 October 2003, Billam plc was advised by Nile Investments Limited under
Section 198 of Companies Act 1985 that as at 2 October 2003 it had an interest
in and was the registered holder of 59,000,000 Ordinary 0.1 pence shares
representing 3.76% of the shares in issue. These shares are registered in the
name of Teawood Nominees Ltd (a/c 30309).



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