Holding(s) in Company

Greggs PLC
14 December 2004

On the 10 December 2004 Greggs PLC ("the Company") received the following
notification from Scottish Widows Investment Partnership:

"Notification under Part VI of the Companies Act 1985 (as amended by the
Companies Act 1989)

(We) write to advise that Scottish Widows Investment Partnership Ltd, is
interested in 636,658 ordinary shares of the above mentioned company.  Of this
interest, 376,059 shares are material interests, which we understand represents
3.098% of the relevant share capital, and constitutes a notifiable interest for
the purposes of Part VI of the Companies Act 1985.  This is calculated on an
issued share capital of 12,138,615 shares.

This notification is made on behalf of Lloyds TSB Group plc, Lloyds TSB Bank plc
and Scottish Widows Group Limited who are deemed to be interested in these
shares as, like Scottish Widows Investment Partnership, they are all companies
within the Lloyds TSB Group of Companies."

This represents 3.097% of the issued share capital (based on the total number of
shares in issue being 12,140.979).

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