Holding(s) in Company

Finsbury Food Group PLC
08 March 2004

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

FINSBURY FOOD GROUP PLC

2. Name of shareholder having a major interest

JP MORGAN FLEMING ASSET MANAGEMENT (UK) 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

THE FLEMING MERCANTILE INVESTMENT TRUST PLC

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

THE FLEMING MERCANTILE INVESTMENT TRUST PLC

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class

N/A

7. Number of shares / amount of stock disposed

50,000

8. Percentage of issued class

0.24%

9. Class of security

ORDINARY SHARES OF 1 PENCE EACH

10. Date of transaction

UNKNOWN

11. Date company informed

08/03/2004

12. Total holding following this notification

3,140,000

13. Total percentage holding of issued class following this notification

14.99%

14. Any additional information

N/A

15. Name of contact and telephone number for queries

JIM CROSSLEY - 020 7448 8950

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

CITY GROUP PLC - COMPANY SECRETARY

Date of notification

08/03/2004


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