Holding in Company

Intercede Group PLC
7 December 2001


                             INTERCEDE GROUP plc
                        ('Intercede' or 'the Company')

Notification of Contingent Interest in Share Capital

On 6 December 2001, Anjar International Limited entered into a £461,365.80
unsecured loan agreement with Intercede, pursuant to which Anjar International
Limited may convert all or part of the loan into ordinary shares of 25 pence
each in Intercede at 60 p per share, in aggregate being 768,943 ordinary
shares (representing 4.7 per cent. of the issued share capital at the date
hereof). The loan may only be converted within the five year period after its
draw down.

7 December 2001

ENQUIRIES:


Intercede Group plc                          Tel. [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director

College Hill                                 Tel. [phone]
Archie Berens                               E-mail:[e-mail]
Clare Warren                                E-mail:[e-mail]