Holding(s) in Company

Headlam Group PLC
13 October 2003


HEADLAM GROUP PLC - DISCLOSURE OF INTEREST IN SHARES


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

'In accordance with the provisions of Section 198 Companies Act 1985, we would
inform you of a change to the notifiable interest over the shares in your
company which are held as detailed below.

Registered Owner                                           Ordinary 5p shares        Per cent. of total issued
                                                                                     share capital

Littledown Nominees Limited a/c 07203                               96,000

Littledown Nominees Limited a/c 05576                              2,710,000

Littledown Nominees Limited a/c 05577                               170,000

Littledown Nominees Limited a/c 21667                               124,000

Total                                                              3,100,000                   3.68

Notes

Littledown Nominees Ltd is a nominee for the ZFS Group subsidiaries: Allied
Dunbar Assurance plc; Eagle Star Insurance Company Ltd; Eagle Star Life
Assurance Company Ltd; Zurich Financial Services UK Pension Trustee Ltd and
Eagle Star Executives Pension Trustee Ltd. It is also a nominee for various
companies not within the ZFS Group. ZFS is Zurich Financial Services, a company
incorporated in Switzerland.

This notification is made on behalf of: Allied Dunbar Assurance plc; Eagle Star
Life Assurance Company Ltd and Eagle Star Holdings Limited; Allied Zurich
Holdings Ltd, Zurich Financial Services (UKISA) Ltd, Zurich Group Holding and
Allied Zurich plc, the intermediate holding companies of the aforementioned
companies, and Zurich Financial Services, their ultimate holding company.

The shares could be available for lending and this could lead to a short term
re-registration. '

End

13 October 2003


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