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Towry Law PLC (TOW)

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Wednesday 04 April, 2001

Towry Law PLC

Holding in Company

Towry Law PLC
4 April 2001


RE: SCHEDULE 10 MAJOR INTERESTS IN TOWRY LAW PLC

Please be advised that following confirmation of major shareholdings in Towry
Law I wish to inform you of the following:

Friends Ivory & Sime

Formerly they had a discloseable holding of 1,365,987 (3.27% based on issued
share capital at the time).
Following notification please alter this holding to 0 (0%).


GT INVESCO- GT Income Growth Trust

Formerly they had a discloseable holding of 1,862,171 (4.45% based on issued
share capital at the time).
Following notification please alter this holding to 1,362,171 (3.24% based on
issued share capital of 42,039,320).

Please note there is also a holding of 4,397,970 (10.52% based on issued share
capital of 42,039,320) held in the name of GT Invesco- GT Income Fund as
previously notified this has not altered.


Schroder UK Smaller Companies Fund

They have now become a discloseable shareholding having a holding of 2,527,932
(6.01% based on issued share capital of 42,039,320).