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Xenova Group PLC (XEN)

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Wednesday 28 November, 2001

Xenova Group PLC

Holding in Company

Xenova Group PLC
28 November 2001


LETTER TO:  XENOVA GROUP PLC

Section 198 Companies Act

In accordance with S198 of the Companies Act we hereby notify you that RAB 
Capital Ltd, acting as investment manager for a number of commingled funds, has 
acquired 4,949,552 ordinary shares in your company, representing 3.56% of the 
issued share capital. Our interest became notifiable on 18 October 2001 when our
clients acquired a further 600,000 shares to add to their existing holdings of 
3,779,552 shares. Since that time our clients acquired a further 170,000 shares 
on 23 October, 300,000 shares on 24 October and 100,000 shares on 26 October.

RAB Capital does not act as custodian for its clients and therefore the shares 
are held in the nominee name of the custodian of our clients, which is Morstan 
Nominees Ltd.

FROM RAB CAPITAL LIMITED