Holding(s) in Company

Mid Wynd Inter Inv Trust PLC
29 January 2003



                  Mid Wynd International Investment Trust PLC

                        Disclosure of Interest in Shares


Mid Wynd International Investment Trust PLC has today been advised that
following a purchase of 25,000 ordinary 25p shares, Merchant Investors Assurance
Company Ltd. now holds 160,964 ordinary shares in the Company, which equates to
3.20% of the issued share capital.

                                                           Baillie Gifford & Co.

                                                          Managers & Secretaries

                                                                 29 January 2003


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