Holding(s) in Company

Stagecoach Theatre Arts PLC 
29 October 2003

                  Stagecoach Theatre Arts plc (the 'Company')

                              Notifiable Interest

Stagecoach Theatre Arts plc, which operates the UK's largest network of part-time
performing arts schools for young people, was informed yesterday that Marlborough
Fund Managers Ltd purchased 400,000 5p ordinary shares in the Company, being 4.13%
of the total issued share capital of the Company. These shares are held by Marlborough
UK Equity Growth Fund.

29th October 2003




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