Holding in Company

Hill & Smith Hldgs PLC
27 November 2001

Hill & Smith Holdings plc (the 'Company') - Notifiable Interest

The Company was notified on 26 November 2001 that following a purchase on 23
November 2001 of 272,289 Ordinary shares in the Company ('Shares'), the
following client of Friends Ivory & Sime PLC has a material interest in the
Shares shown below:

Name of Client     No of Shares        %       Name of Registered Holder

FF Stewardship        1,996,933     3.27       Citifriends



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