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Maclellan Group (MLG)

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Friday 22 December, 2000

Maclellan Group

Holding in Company

Maclellan Group PLC
22 December 2000

MACLELLAN GROUP PLC

NOTIFIABLE INTEREST

In accordance with Sections 198 to 202 of the Companies Act 1985 (as amended)
the Company was notified on 21 December 2000 that, following the aggregation
of the funds of Hill Samuel Asset Management Limited and the funds of Scottish
Widows Investment Management Limited, the combined management operation now
known as Scottish Widows Investment Partnership Limited is interested in
3,016,819 ordinary shares of 5p each in the capital of the Company.


These shares are registered as follows:

State Street Nominees Limited A/C XBY2                                 554,758
State Street Nominees Limited A/C W32L                                 108,306
State Street Nominees Limited A/C W33H                                 245,145
State Street Nominees Limited A/C XBJ2                                 316,711
State Street Nominees Limited A/C XBY4                                 301,637
State Street Nominees Limited A/C XBK6                                 248,225
RSBTB Nominees Limited A/C SW                                          171,631
RSBTB Nominees Limited A/C SW                                        1,070,406


Notification was made to the Company on behalf of Lloyds TSB Group plc, Lloyds
TSB Bank plc and Scottish Widows Group Limited. The combined interest in the
ordinary shares of 5p each in the capital of the Company is 4,889,410,
representing 9.14% of the issued share capital.

END