Holding(s) in Company

27 September 2004
The Taverners Trust PLC

Notifiable Holding

The Taverners Trust PLC ('the Company') has today been notified that Quilter &
Co Ltd and its subsidiaries are interested in 1,493,600 Ordinary 25p shares,
representing 9.37% of the issued share capital.

The breakdown is as follows:

Registered holder        Number of       Percentage of
                         shares          issued share
                                         cap.
State Street Bank and    1,493,600       9.37%
Trust Company