Holding in Company

Ocean Wilsons Holdings Ld
24 July 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

OCEAN WILSONS HOLDINGS LIMITED

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

PETER CUNDILL & ASSOCIATES
(BERMUDA) 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

AS ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

MIDLAND SECURITY SERVICES
NOMINEES LIMITED           1,383,573
NORTRUST NOMINEES LTD        209,000
RBSTB NOMINEES LIMITED       164,000
CHASE NOMINEES               359,000

5)   Number of shares/amount of stock acquired.

-

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

1,330,427

8)   ( 3.4% ) of issued Class

9)   Class of security

ORDINARY SHARES

10)  Date of transaction

06/JULY/00

11)  Date company informed

24/JULY/00

12)  Total holding following this notification

2,115,573
               
              
13)  Total percentage holding of issued class following this notification

5.6%

14)  Any additional information

NONE

15)  Name of contact and telephone number for queries

K. MIDDLETON
020 7317 9670

16)  Name and signature of authorised company official responsible for 
     making this notification

KEITH MIDDLETON

     Date of Notification ....24 JULY, 2000