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Taylor & Francis Gp (TFG)

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Friday 23 November, 2001

Taylor & Francis Gp

Holding in Company

Taylor & Francis Group PLC
23 November 2001


LETTER TO TAYLOR & FRANCIS GROUP PLC - DATED 22 NOVEMBER 2001

SUBSTANTIAL SHAREHOLDING

This is to advise you, in accordance with Section 198 of the Companies Act 1985,
(as amended by Section 134 of the 1989 Act) that Henderson Global Investors 
Limited and its fellow subsidiary companies, acting as agent for its 
discretionary clients, hold (either directly or indirectly) 9,190,324 ordinary 
5p shares in Taylor & Francis Group Plc which represents 10.90% of the issued 
share capital of 84,311,579.

Within the 9,190,324 total Henderson Smaller Companies Trust Plc hold 3,500,000 
shares representing 4.15%.

LETTER FROM HENDERSON GLOBAL INVESTORS LIMITED