Holding in Company

SIG PLC
16 October 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     SIG PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     M&G INVESTMENT MANAGEMENT LIMITED ON
     BEHALF OF ALL COMPANIES WITHIN THE
     PRUDENTIAL PLC GROUP OF COMPANIES

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 IN 2. ABOVE

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

     PRUCLT HSBC GIS NOM(UK)  PAC A/C     4,210,000
     PRUCLT HSBC GIS NOM(UK)  PPL A/C        26,000
     ROY NOMINEES A/C 578079                250,000

                                   TOTAL  4,486,000

5)   Number of shares/amount of stock acquired.

      NOT DISCLOSED

6)   Percentage of issued Class

     NOT DISCLOSED

7)   Number of shares/amount of stock disposed

      NOT DISCLOSED

8)   Percentage of issued Class

      NOT DISCLOSED

9)   Class of security

     ORDINARY SHARES OF 10P EACH

10)  Date of transaction

     NOT DISCLOSED

11)  Date company informed

      16 OCTOBER 2001

12)  Total holding following this notification

      4,486,000
               
13)  Total percentage holding of issued class following this notification

      3.7831%

14)  Any additional information

     TOTAL ISSUED ORDINARY SHARES OF 10P
     EACH OF SIG PLC IS:
     118,580,810

15)  Name of contact and telephone number for queries

     MR. J.R. SWYNNERTON
     COMPANY SECRETARY
     TEL:  [phone]

16)  Name and signature of authorised company official responsible for 
     making this notification  MR. J.R. SWYNNERTON

     Date of Notification ..16 OCTOBER 2001....