Holding(s) in Company

Govett Strategic Trust plc
31 July 2002



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


        1) Name of company

        Govett Strategic Trust Plc.

        2) Name of shareholder having a major interest

        Derbyshire County Council.

        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 named in 2 above

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

        -


        5) Number of shares/amount of stock acquired


        Not Advised

        6) Percentage of issued class


        -

        7) Number of shares/amount of stock disposed

        Not Advised

        8) Percentage of issued class
        -

        9) Class of security

        Ordinary shares of 1 pence each

        10) Date of transaction

        Not Advised

        11) Date company informed

        31st July 2002

        12) Total holding following this notification

        6,054,265 Shares

        13) Total percentage holding of issued class following this notification

        9.14%


        14) Any additional information

        -

        15) Name of contact and telephone number for queries

        Eleanor Cranmer 020 7940 5742

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

        Eleanor Cranmer

        Date of notification 31 July 2002


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