Holding in Company

TBI PLC
6 December 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     TBI PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     DEUTSCHE BANK AG

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 BOX 2

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

     NOT STATED

5)   Number of shares/amount of stock acquired.

     -

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

     -

8)   ( - %) of issued Class

9)   Class of security

     ORDINARY 10P SHARES

10)  Date of transaction

     NOT STATED

11)  Date company informed

     5.12.01

12)  Total holding following this notification

     50,197,486
               
13)  Total percentage holding of issued class following this notification

     8.98%

14)  Any additional information

     SEE LETTER BELOW

15)  Name of contact and telephone number for queries

     R.C. CLIFTON        020 7408 7300

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

     Date of Notification ......6/12/2001..................



Letter to TBI Plc - dated 5 December 2001

Disclosure of interests in shares

Further to our letter of 14 November 2001, and in accordance with Section 198-
202 of the UK Companies Act 1985, we are writing on behalf of Deutsche Bank AG 
to inform you that on the basis that the relevant issued share capital of your 
company is 558,894,921 ordinary shares, Deutsche Bank AG, London have a 
notifiable interest in 50,197,486 ordinary shares of TBI Plc, amounting to 
8.98%. Part of this holding may relate to hedging arrangements for customer 
transactions.

Deutsche Bank AG is a corporation domiciled in Frankfurt, Germany.

Letter from Deutsche Bank AG London