Holding(s) in Company

Power Leisure PLC
20 March 2002

Power Leisure Plc

20 March 2002

Re: Holding in Company



A Letter from Merrill Lynch & Co, Inc. to Power Leisure Plc dated 14 March 2002,
received by Irish Stock Exchange on the 14 March 2002.

Irish Companies Act 1990ss 67-89



We understand that Merrill Lynch Investment Managers Ltd ('MLIM') has disclosed
their interest to you with regard to a change of circumstances affecting their
interest under the above legislation.

This letter serves as notification, by reason of the provisions of section 72 of
the above Act, that:

  • The companies the names and addresses of which are set out in the first
    part of the Schedule to this letter (being certain holding companies of MLIM
    to this letter

.

  • The companies the names and addresses of which are set out in the second
    part of the Schedule to this letter, which are holding companies of MLIM and
    of certain other companies, have the interests in relevant share capital of
    your company disclosed in the first attachment to this letter and the
    additional interests (if any) disclosed in the second attachment to this
    letter.



Yours faithfully


Merrill Lynch & Co, Inc.





Schedule

Part 1
Name                                                  Address
Merrill Lynch Investment Managers Ltd                 33 King William Street

                                                      London EC4R 9AS
ML Invest Holdings Limited                            25 Ropemaker Street

                                                      London EC2Y 9LY
ML Invest, Inc                                        World Financial Center

                                                      North Tower

                                                      250 Vesey Street

                                                      New York

                                                      NY 10281 - 1332


Part 2
Merrill Lynch Group Inc                               World Financial Center

                                                      North Tower

                                                      250 Vesey Street

                                                      New York

                                                      NY 10281 - 1332
Merrill Lynch & Co., Inc.                             World Financial Center

                                                      North Tower

                                                      250 Vesey Street

                                                      New York

                                                      NY 10281 - 1332




A letter from Merrill Lynch Investment Managers Limited to Power Leisure dated
13 March 2002


Irish Companies Act 1990ss 67-89

We are advised that there has been a change of circumstances affecting the
interests which Merrill Lynch Investment Managers Limited has in the relevant
share capital of your company which have previously been disclosed to you under
the above Act. Save where specifically identified to the contrary such interest
arise by reason of discretionary investment management arrangements entered into
by us or by our affiliates in the Merrill Lynch Investment Mangers Limited. Each
such affiliate is interested in the relevant share capital to the extent set out
in the attachment and, where applicable, this letter constitutes disclosure on
behalf of such affiliates. Relevant details of such interests are set out in the
attachment to this letter



Merrill Lynch Investment Managers Limited




Company Name: Power Leisure Plc

Date: 12th March 2002

Class of Shares: Ordinary EUR0.10

Total Interest held by: Merrill Lynch Investment Managers Limited - 3,947,601
(8.37%)

Made up as Follows:


Registered Holder (if      Number of Shares          Investment Management      Beneficial Interests?
known)                                               Company (if separately
                                                     disclosable)               (Yes/No)
AIB Dublin,Limited         127,896                                              No
Rowan Nominees Limited     2,199,561                                            No

Rowan Nominees Limited A/C 297,486                                              No
RR
Nutraco Nominees Limited   361,230                                              No
Other Name (s)             961,428                                              No
Total                      3,947,601






Second attachment

Company : Power Leisure Plc

Class of Shares : Ordinary EURO 0.10

As of : 12 March 2002



Each company named below is interested in the aggregate number of the shares
identified above set opposite its name. Where the number included shares
additional to those shown in the first attachment to the accompanying letter,
certain further details are also set out below.


                                                     Requisite details in respect of shares additional to
                                                     those shown in the first attachment
Company                   Aggregate number of shares Number and (if known)      Interest within section 77
                          interested in              registered holder          (6) Companies Act 1990?
Merrill Lynch & Co, Inc.  3,947,601                  -                          -
Merrill Lynch Group, Inc. 3,947,601                  -                          -



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