Holding in Company

Ocean Wilsons Holdings Ld
1 March 2001

                  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.

RBSTB NOMINEES LIMITED             69,000
CHASE NOMINEES                    359,000
HSBC GLOBAL CUSTODY (UK) LTD      998,573


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

100,000


8)   (0.3%) of issued Class

9)   Class of security

ORDINARY SHARES


10)  Date of transaction

27 FEBRUARY 2001


11)  Date company informed

1 MARCH 2001


12)  Total holding following this notification

1,426,573

               
              
13)  Total percentage holding of issued class following this notification


3.9%

14)  Any additional information


NONE

15)  Name of contact and telephone number for queries

K MIDDLETON
55.21.206-4160


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

     Date of Notification .........1 MARCH 2001