Holding(s) in Company

Mavinwood PLC
10 November 2004




                                 MAVINWOOD PLC
                                ('the Company')

                               Holding in Company

The Company was informed today that on 5 November 2004 City Equities Limited
purchased 1,500,00 Ordinary Shares in the Company's recent placing, representing
approximately 6.28% of the issued share capital of the Company. On 9 November
2004 City Equities Limited sold 1,125,500 shares to private customers, acting as
Principal, and no longer has a notifiable interest in the Company.






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