Holding in Company

Kern River PLC 23 November 2000 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of company Kern River plc 2) Name of shareholder having a major interest AXA S.A. 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 Sun Life Pensions Management Limited 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them RBSTB Nominees a/c SUNPEN 5) Number of shares/amount of stock acquired 2,541,397 Ordinary Shares 6) Percentage of issued class 11.05% 7) Number of shares/amount of stock disposed 8) Percentage of issued class 9) Class of security Ordinary Shares 10) Date of transaction 11) Date company informed By letter of 16 November 2000 received on 23 November 2000 12) Total holding following this notification 2,541,397 Ordinary Shares 13) Total percentage holding of issued class following this notification 11.05% 14) Any additional information 15) Name of contact and telephone number for queries G Butterfield, Company Secretary 01902 456767 16) Name and signature of authorised company official responsible for making this notification As in 15 Date of notification: 23 November 2000
UK 100

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