Holding in Company

Headlam Group PLC
10 November 2000

TO: COMPANY ANNOUNCEMENTS OFFICE

THE LONDON STOCK EXCHANGE

Company Name: Headlam Group plc

Old Mutual Securities

10 November 2000 - for immediate release

Contact Tel: Martene Flay: 0121 710 4507

_________________________________________________________

Headlam Group plc - DISCLOSURE OF INTEREST IN SHARES

Headlam Group plc announces that it has today received the following
notification in respect of notifiable interests in the ordinary voting shares
of 5p of the company.

We write to advise you that we, Schroder Investment Management Limited, have
an interest in 10,328,373 shares which are held in portfolios managed by us on
a discretionary basis for clients under investment management agreements.

Included in this figure are:-

 i. 8,128,373 shares held in (a) unit trust(s) operated and managed by another
    wholly-owned subsidiary, Schroder Unit Trusts Limited (SUTL), and
    registered or to be registered in the name of Chase Nominees Limited
ii. 2,200,000 shares neither registered nor to be registered in the name of
    Schroder Nominees Limited. The registration details are shown on the
    enclosed schedule.

Another affiliated company, Schroder Hermes, is managing 129,459 shares in (a)
portfolio(s) on a passive (index tracker) basis for clients under investment
management agreements. These shares are registered or to be registered in the
name of Chase Nominees Limited.

We believe that we and our subsidiary and affiliated company are therefore
interested in an overall aggregate of 10,457,832 shares, representing some
12.497% of the total number of shares in issue, namely 83,682,385.

This notification is made to you:-

 a. in respect of our interest as investment managers and also by virtue of the
    fact that we are the parent company of SUTL,
 b. on behalf of SUTL in relation to the interests they are treated as having
    respectively under the Companies Act 1985 (the Act), and
 c. on behalf of Schroders plc., our holding company, which is treated as
    having an interest in all of the above shares under the Act by virtue of
    its ownership of ourselves.

    SCHEDULE

REGISTRATION                                                   AMOUNT
Imperial Pensions Nominees Limited                             1,000,000
Network Nominees (six) Limited                                 400,000
Nortrust Nominees Limited                                      800,000
                                                               2,200,000