Holding in Company

TBI PLC
15 August 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     TBI PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SCHRODER INVESTMENT MANAGEMENT LTD

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

     SEE LETTER BELOW

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

     SEE LETTER BELOW

5)   Number of shares/amount of stock acquired.

    

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

     83,250,000

8)   ( 14.895%) of issued Class

9)   Class of security

     ORDINARY 10 PENCE

10)  Date of transaction

     13.08.01

11)  Date company informed

     15.08.01

12)  Total holding following this notification

     11,607,228
              
13)  Total percentage holding of issued class following this notification

     2.0768%

14)  Any additional information



15)  Name of contact and telephone number for queries

     MARY HITCHON - 0207 408-7300

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

     Date of Notification ....15-08-2001




LETTER TO TBI PLC

10p ORDINARY SHARES ('SHARES')

We write to advise you that while we, Schroder Investment Management Limited,
continue to have an interest in the above-mentioned shares, it has ceased to be
a notifiable interest for the purposes of Part VI of the Companies Act 1985 (the
Act) since it represents less than 10% of the nominal value of that relevant
share capital, which we understand to be 558,894,921 shares.

This notification is made to you in respect of our own interest as investment
managers and also on behalf of:-

(a) Schroder Unit Trusts Limited, our wholly-owned subsidiary,

(b) Schroder Investment Management North America Limited, another wholly-owned  
    subsidiary,

(c) Schroder Investment Management North America Inc., an affiliated company,   

    and

(d) Schroders plc., our holding company,

in relation to any interests they may have or be treated as having respectively
under the Act.

LETTER FROM: SCHRODERS