Holding in Company

Headlam Group PLC
4 January 2002

For immediate release





HEADLAM GROUP PLC - DISCLOSURE OF INTEREST IN SHARES

Headlam Group plc announces that it has today received notification from Legal
& General that consequent upon a sale in the market of 127,700 shares on 3
January 2002 funds under the control of Legal & General Investment Management
have the following notifiable interests in the ordinary voting shares of 5p of
the company.

MSS Nominees Ltd A/c 887711                     592,222

MSS Nominees Ltd A/c 775245                     547,178

MSS Nominees Ltd A/c 360509                     58,356

MSS Nominees Ltd A/c 357206                     1,762,948

MSS Nominees Ltd A/c 747381                     122,775

MSS Nominees Ltd A/c 363605                     173,403

MSS Nominees Ltd A/c 866203                     64,000

                                                3,320,882

representing 3.96% of the issued share capital (83,917,710).

End