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Xaar PLC (XAR)

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Tuesday 22 June, 2004

Xaar PLC

Holding(s) in Company

Xaar PLC
21 June 2004

Xaar plc ('the Company')

Notification of Major Interests in Shares

The Company received notifications from Merrill Lynch Investment Managers acting
as investment manager on behalf of client(s) informing it that as at 15 June
2004 BNY Trust Company as trustee of the MLIT - UK Smaller Companies Fund had a
holding of 2,210,744 shares representing 3.68% of the Company's issued ordinary
share capital.

21 June 2004

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