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Xaar PLC (XAR)

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Wednesday 12 November, 2003

Xaar PLC

Holding(s) in Company

Xaar PLC
12 November 2003

Xaar PLC ('the Company')

Notification of Major Interests in Shares

The Company received a notification on 11 November 2003 from Artemis Investment
Management Limited, informing it that following recent market sales, (date or
dates not specified) they have a interest in 1,513,037 ordinary shares,
representing 2.54%. Consequently they no longer have a notifiable interest in
the issued ordinary share capital of the Company.

12 November 2003

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