Holding(s) in Company

Headlam Group PLC
11 August 2004



Headlam Group plc - DISCLOSURE OF INTEREST IN SHARES

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

In accordance with Sections 198-202 of the Companies Act 1985, we write on
behalf of Deutsche Bank AG to inform you that on the basis that the relevant
issued share capital of your company is 85,653,873 ordinary shares, Deutsche
Bank AG and its subsidiary companies have a notifiable interest in the shares of
11.18%. The total interest is in 9,576,598 shares registered in the names and in
the amounts as set out in the attached Schedule.

Companies within the Group acting as Fund Managers hold the shares on behalf of
a number of clients whose portfolios are managed on a discretionary basis.
Deutsche Bank AG is a corporation domiciled in Frankfurt, Germany, of which
Deutsche Bank AG London is a branch.

Held as Principal                     No of Shares

Deutsche Bank AG London                  170,469

Held in Client Portfolios 

Chase Nominees                         2,949,362

HSBC Global Custody Nominee (UK) Ltd   1,244,000

Nortrust Nominees                        950,379

State Street Nominees                  4,153,451

Vidacos Nominees                         108,937

Total                                  9,576,598

11 August 2004
End



                      This information is provided by RNS
            The company news service from the London Stock Exchange