Holding(s) in Company

SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Name of company The Taverners Trust PLC 2. Name of shareholder having a major interest Ingot Capital Management Pty Ltd 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 5. Number of shares / amount of stock acquired 125,000 Ordinary 25p shares 6. Percentage of issued class 0.78% 7. Number of shares / amount of stock disposed N/A 8. Percentage of issued class N/A 9. Class of security Ordinary 25p shares 10. Date of transaction 13 December 2004 11. Date company informed 15 December 2004 12. Total holding following this notification 3,862,982 Ordinary 25p shares 13. Total percentage holding of issued class following this notification 24.24% 14. Any additional information Following the above transaction, the shares are held as follows: Name of Fund No. of shares Percentage of held issued share capital Stocks Convertible Trust 1,616,000 10.14% plc Custodian Capital 2,246,982 14.10% Management Limited Total 3,862,982 24.24% 15. Name of contact and telephone number for queries Robert Hoskin, 020 7463 6322 16. Name and signature of authorised company official responsible for making this notification Aberdeen Asset Management PLC - Secretary Date of notification 15 December 2004
UK 100

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