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Oxford Instruments (OXIG)

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Thursday 13 June, 2002

Oxford Instruments

Holding(s) in Company


13 June 2002

The Company has been notified today pursuant to the Companies Act 1985 that
Hermes Focus Asset Management Limited, Hermes Investment Management Limited as
general partners of UK Small Companies Focus Fund (SCFF) and Hermes SLP Limited
as a partner in SCFF have a notifiable interest in 1,844,500 ordinary shares in
our Company, representing 3.856% of the issued share capital, as follows:

No. of Shares Held      Nominee/Registered Name     
                                                    
         1,844,500 Chase Nominees Ltd               
                                                    
         1,844,500                                  

Hermes Focus Asset Management Limited, Hermes Investment Management Limited and
Hermes SLP Limited are all subsidiaries of Hermes Pensions Management Limited.
Hermes Pensions Management Limited is ultimately owned by BriTel Fund Trustee
Limited, a company controlled by the Trustees of the BT Pension Scheme.