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Xaar PLC (XAR)

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Thursday 16 January, 2003

Xaar PLC

Holding(s) in Company

Xaar PLC
16 January 2003

Xaar PLC ('the Company')

Notification of Major Interests in Shares

The Company received a notification on 15 January 2003 from Artemis Investment
Management Limited, informing them that following a purchase of 600,000 shares
(date not specified) the Artemis ABN Amro UK Select Opportunities Fund have an
interest in 5,009,750 ordinary shares, representing 8.39% of the issued ordinary
share capital of the Company.

16 January, 2003

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