Holding in Company

Fairey Group PLC
4 August 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

FAIREY 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

THE SHAREHOLDR NAMED 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.

MORLEY FUND MANAGEMENT LIMITED          2,652,700
NORWICH UNION INVESTMENT MANAGEMENT     2,052,766
                                        ---------
                                        4,705,466


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 AUGUST 2000

12)  Total holding following this notification

4,705,466
               
              
13)  Total percentage holding of issued class following this notification

4.2%

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 AUGUST 2000..