Holding(s) in Company

Sage Group PLC
11 May 2004


Sage Group plc ('the Company')

DISCLOSURE OF INTEREST

The Company has received notification that Scottish Widows Investment
Partnership Ltd has an interest in 46,384,006 Ordinary Shares of 1p each in the
Company.

Scottish Widows Investment Partnership Ltd has a material interest in 41,321,828
Ordinary Shares in the Company, representing 3.226% of the total shares in
issue.

This notification is made on behalf of Lloyds TSB Group plc, Lloyds TSB Bank plc
and Scottish Widows Group Limited who are deemed to have an interest in the
shares as, like Scottish Widows Investment Partnership, they are all companies
within the Lloyds TSB Group of Companies.


Further details of the material holding are as follows:-

                Registered           Designation      Number of 
                Holder                                   Shares 

                State Street         X8Y2             4,604,940 
                Nominees Limited                                
                                     XC5U             1,909,790 
                                     XBY3               302,900 
                                     W36A               650,872 
                                     W32L             1,294,487 
                                     W3L2               140,405 
                                     W33R             3,912,181 
                                     XBJ2             4,509,400 
                                     XBJ3               379,241 
                                     W3J3             3,394,127 
                                     W3I8               145,823 
                                     WJJ9                64,088 
                                     XBP7               529,224 
                                     XBY4             2,430,662 
                                     XC5W             1,023,963 
                                     W39Q               108,040 
                                     XBY5               100,051 
                                     W32Z                71,070 
                                     W39N               768,883 
                                     W36U             1,931,252 
                                     XBK6             2,416,088 
                                     XBS8                30,817 
                                     W39F            10,603,524 
                Total Material                                  
                Holding                              41,321,828

                      This information is provided by RNS
            The company news service from the London Stock Exchange