Holding in Company

Impax Group PLC
22 June 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

Impax Group plc

2)   Name of shareholder having a major interest

Swan Corporation Limited

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



4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

 (a) Pershing Keen Nominees Limited MSHL

 (b) Northern & Midland Nominees Limited NAWS018

 (c) RBSTB Nominees SUNPEN

5)   Number of shares/amount of stock acquired

1,242,754 Ordinary Shares acquired in recent placing and open offer

6)   Percentage of issued class

3.5%

7)   Number of shares/amount of stock disposed



8)   Percentage of issued class



9)   Class of security

Ordinary Shares

10)  Date of transaction

Recent placing and open offer


11)  Date company informed

22 June 2001

12)  Total holding following this notification

 (a) 1,650,000 Ordinary Shares

 (b) 662,010 Ordinary Shares

 (c) 3,931,764 Ordinary Shares

Total 6,243,773 Ordinary shares

13)  Total percentage holding of issued class following this notification


 (a) 4.65%

 (b) 1.87

 (c) 11.08%

Total 17.60%

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: 22 June 2001