Holding in Company

Woolwich PLC
19 September 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

WOOLWICH PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

UBS 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

IN RESPECT OF HOLDING 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.

APOLLO NOMINEES LTD

5)   Number of shares/amount of stock acquired.

47,186,935

6)   (3.10%) of issued Class

7)   Number of shares/amount of stock disposed

N/A

8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES 10P

10)  Date of transaction

15.9.2000

11)  Date company informed

19.9.2000

12)  Total holding following this notification

47,186,935
               
              
13)  Total percentage holding of issued class following this notification


3.10%

14)  Any additional information



15)  Name of contact and telephone number for queries

C FLETCHER SMITH

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

     Date of Notification ..19 SEPTEMBER 2000