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Hardy Underwriting (HDU)

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Monday 20 January, 2003

Hardy Underwriting

Holding(s) in Company

Hardy Underwriting Group PLC
20 January 2003



                                                                 20 January 2003

                          Hardy Underwriting Group plc
                                ('The Company')

The Company has been informed that with effect from 17 January 2003, The
Independent Investment Trust PLC ('Independent') no longer hold a notifiable
interest in Hardy Underwriting Group plc.


                                    - Ends -



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