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British Biotech PLC (VER)

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Monday 04 November, 2002

British Biotech PLC

Holding(s) in Company

British Biotech PLC
04 November 2002

4 November, 2002
Company Announcements Office
UK Listing Authority
London Stock Exchange
London
EC2N 1HP



Dear Sir,

SECTIONS 198 and 199 COMPANIES ACT 1985 - DISCLOSABLE INTERESTS IN SHARES

I am writing to inform you that British Biotech plc has today been notified
under Section 198/199 Companies Act 1985 that the following company no longer
has a notifiable interest in the Company's shares:

Name                                        UBS Global Asset Management Life Ltd 
                                            (a subsidiary of UBS Global Asset
                                            Management Holding No.2 Ltd)

Date of transaction                         30 October, 2002

Yours faithfully

Sian Bishop
Legal Counsel




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