Holding in Company

Fairey Group PLC
3 November 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     FAIREY GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SCHRODER INVESTMENT MANAGEMENT LIMITED

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

     NON BENEFICIAL INTEREST IN SHARES HELD IN PORTFOLIOS MANAGED ON
     DISCRETIONARY BASIS ON BEHALF OF CLIENTS UNDER INVESTMENT MANAGEMENT
     AGREEMENTS.

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

     SEE BELOW

5)   Number of shares/amount of stock acquired.

     NOT KNOWN

6)   (NOT KNOWN %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT KNOWN

8)   (NOT KNOWN %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 5P

10)  Date of transaction

     NOT KNOWN

11)  Date company informed

     3 NOVEMBER 2000

12)  Total holding following this notification

     14,801,116
               
13)  Total percentage holding of issued class following this notification

     13.252%

14)  Any additional information



15)  Name of contact and telephone number for queries

     DELORES CAMERON    01784 470470

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

     Date of Notification ......3 NOVEMBER 2000..................


                              5P ORDINARY SHARES
                                   SCHEDULE

REGISTRATION                                                    AMOUNT

Banque Internationale Luxembourg                                58,067
Banque Nationale de Paris                                       10,000
British Coal Staff Superannuation Scheme (Client) 
    Nominees Ltd a/c P                                         839,540
BT Globenet Nominees Ltd a/c 6B                                214,500
Chase Manhattan Bank                                           185,135
Chase Nominees Limited                                          37,348
Den Danske                                                      11,400
HSBC Global Custody Nominees (UK) Ltd a/c 767412                42,000
HSBC Global Custody Nominees Ltd a/c 771401                     48,916
Mineworkers Pension Scheme (Client) Nominees Ltd a/c R         438,004
Morgan Nominees Ltd A/C: A                                       8,400
Morgan Nominees Ltd A/C: B                                     194,250
MSS Nominees Ltd a/c 759371                                     30,625
MSS Nominees Ltd a/c 756593                                     81,000
MSS Nominees Ltd a/c 809955                                    137,666
MSS Nominees Ltd a/c 831286                                    387,575
Nortrust Nominees Limited                                      322,332
Nortrust Nominees Ltd a/c SRC13                                 33,833
Nutraco Nominees Ltd                                           145,833
RBSTB Nominees Ltd                                              60,899
RBSTB Nominees Ltd a/c AAUKPS                                   58,333
Schroder Executive & Trustee Co. Limited                       140,000
State Street Nominees Limited                                  133,000
The Master Fellows & Scholars of Trinity College Cambridge     262,499
                                                            ----------
                                                             3,881,155
                                                            ----------

Held by Schroder Offices Abroad                                 
Hong Kong                                                       33,914
Japan                                                        1,414,785
                                                             ---------
                                                             1,448,699
                                                             ---------
                                        Overall Total:       5,329,854



REGISTRATION                                                    AMOUNT

Chase Manhattan Bank                                            73,422
Chase Nominees Limited                                       1,021,161
State Street Nominees Ltd.                                      36,516
                                                             ---------
                                                             1,131,099
                                                             ---------


Schroder Nominees                                            6,345,881
Chase Nominees                                               1,994,282
                                                            ----------
                                                            14,801,116
                                                            ----------