Holding(s) in Company

Monks Investment Trust PLC
25 March 2004


                         The Monks Investment Trust PLC

                               Holding in Company

The Monks Investment Trust PLC has today been advised by Scottish Widows
Investment Partnership that they have a material interest in 15,586,706 ordinary
shares in the Company.

This represents 5.29% of the 294,355,295 ordinary shares in issue.

                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                   25 March 2004


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