Holding in Company

Phytopharm PLC
31 October 2001

Phytopharm PLC (or 'the Company')

Notification of Major Interests in Shares

Phytopharm PLC received a notification today from Standard Life Investments
Limited, informing the Company that it sold 1,315,123 shares on the 24 October
2001 and purchased 1,315,123 shares on the 25 October 2001. Its resultant
notifiable interest therefore remains unchanged.

These shares form part of today's announcement by HSBC Investment Bank plc


31 October, 2001

WestLB Panmure Limited