Notifiable Interest

Mulberry Group PLC
05 August 2004

MULBERRY GROUP PLC

5 August 2004

Mulberry Group Plc ('the Company')

The Company was informed on 28 July 2004 that Artemis Investment Management
Limited and certain of its subsidiary companies have an interest of 10.14% in
the issued share capital of the Company.  Full details of the interest and the
beneficial holders are detailed below.

Beneficial Owner                     Number of Shares Held   Percentage Interest

Artemis Alpha Trust                                 70,000                0.14%

Artemis UK Smaller Companies Fund                4,876,058               10.00%
                                                                        

TOTAL INTEREST                                   4,946,058               10.14%

END


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