Holding(s) in Company

Lawrence plc (the "Company")

                               Holding in Company

The Company has been informed on 11 November 2004 that Schroder Investment
Management Limited ("SIML") has an interest in 3,121,467 ordinary shares of 5p
each in the Company ("Ordinary Shares"), which are held in portfolios managed on
a discretionary basis for clients under investment management agreements.
Included in the above figure are:

i. 169,567 Ordinary Shares registered or to be registered in the name of SIML's
wholly-owned subsidiary nominee company, Schroder Nominees Limited (Schroder
Nominees);
ii. 1,000,000 Ordinary Shares held in (a) unit trust(s) operated and managed by
an affiliated company of SIML, Schroder Unit Trusts Limited (" SUTL"), and
registered in the name of Chase Nominees Limited;
iii. 617,358 Ordinary Shares in the name of the British Coal Staff
Superannuation a/c:P;
iv. 490,000 Ordinary Shares in the name of the Chase Nominees Limited;
v. 644,542 Ordinary Shares in the name of Mineworkers' Pension Scheme a/c:R; and
vi. 200,000 Ordinary Shares in the name of Nortrust Nominees Limited.

A subsidiary, Schroder Investment Management North America Ltd (SIMNA Ltd) is
managing (a) portfolio(s) on a similar basis holding a further 250,000 Ordinary
Shares. These shares are registered or to be registered in the name of Chase
Nominees Limited.

As a consequence SIML, its subsidiaries and affiliated companies have an
interest in an overall aggregate of 3,371,467 Ordinary Shares representing
approximately 11.10% of the total number Ordinary Shares currently in issue,
being 30,387,407 Ordinary Shares.

This notification is made:
(a) in respect of SIML's interest as investment managers,
(b) on behalf of SIMNA Ltd and SUTL in relation to the interests they are
treated as having under the Companies Act 1985 (the "Act"), and
(c) on behalf of Schroders plc, which is treated as having an interest in all of
the above shares under the Act by virtue of its ownership of SIMNA Ltd, SUTL and
SIML.