Holding(s) in Company

Monks Investment Trust PLC
16 January 2004

                         The Monks Investment Trust PLC

                               Holding in Company

The Monks Investment Trust PLC has today been advised by Barclays PLC that they
have a material interest in 9,462,789 ordinary shares in the Company.

This represents 3.21% or the ordinary shares in issue.


                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                 16 January 2004


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