Holding in Company

European Motor Hldgs PLC
8 January 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES



 1. Name of company

    European Motor Holdings plc

 2. Name of shareholder having a major interest

    Ivory & Sime UK Discovery Trust plc

 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

    Shareholder

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

    Not disclosed

 5. Number of shares/amount of stock acquired

    Nil

 6. Percentage of issued class

    N/A

 7. Number of shares/amount of stock disposed

    1,065,000

 8. Percentage of issued class

    1.98%

 9. Class of security

    Ordinary

10. Date of transaction

    5 January 2001

11. Date company informed

    8 January 2001

12. Total holding following this notification

    1,185,000

13. Total percentage holding of issued class following this notification

    2.20%

14. Any additional information

    N/A

15. Name of contact and telephone number for queries

    Mark Beacham

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

Mark Beacham

Date of notification           5 January 2001