Holding(s) in Company

Titon Holdings PLC
22 July 2004


                       Titon Holdings Plc ("the Company")

                      Substantial Shareholder Notification

The Company has today been informed that Standard Life Investments has a
beneficial interest in 820,000 ordinary shares of 10 pence each in the Company,
representing approximately 7.79% of the current issued capital of the Company.

22 July 2004


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