Holding in Company

Shanks Group PLC
19 February 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

     Shanks Group plc


2) Name of shareholder having a major interest


     CGNU plc


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

     On behalf of Morley Fund Management Limited a subsidiary of CGNU plc


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

   BNY Norwich Union Nominees Ltd                    4,401,796

   Chase G A Group Nominees Ltd                      4,474,435

   Chase G A Pension Nominees :td                      336,416

   CUIM Nominee Ltd                                  1,176,416

   TOTAL                                            10,389,063 4.46%


5) Number of shares/amount of stock      HELD



6) Percentage of issued class 4.46%



7) Number of shares/amount of stock disposed N/A



8) Percentage of issued class N/A



9) Class of security Ordinary 10p Shares



10) Date of transaction 15 February 2001



11) Date company informed 19 February 2001



12) Total holding following this notification 10,389,063




13) Total percentage holding of issued class following this notification 4.46%



14) Any additional information

This notification arises from the novation of funds from Norwich Union
Investment Management Ltd to Morley Fund Management Ltd, both wholly owned
subsidiaries of CGNU plc

15) Name of contact and telephone number for queries

P Kaye 01628 524523



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

Date of notification 19 February 2001