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Xaar PLC (XAR)

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Thursday 20 May, 2004

Xaar PLC

Holding(s) in Company

Xaar PLC
20 May 2004

Xaar plc ('the Company')

Notification of Major Interests in Shares

The Company received a notification on 17th May, 2004 from Hermes Administration
Services Limited, on behalf of Royal Mail Pensions Trustees Limited and Possfund
Custodian Trustee Ltd informing it that they have an interest in 1,722,602
shares, representing 2.869% of the issued ordinary share capital of the Company.
The shares are registered in the name of PossFund Nominees Ltd.

20th May, 2004

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