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Mowlem Plc (MWLM)

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Friday 11 March, 2005

Mowlem Plc

Holding(s) in Company

Mowlem Plc
11 March 2005

We have been advised under Section 198 of the Companies Act 1985 that Schroder
Investment Management Limited are shareholders having a notifiable interest in
the Company.

Name(s) of Registered Holder(s) and the Number of Shares the Subject of the
Notification by Schroder Investment Management Limited under Section 198 are:

Schroder Nominees Ltd                                      250,000
Chase Nominees Ltd                                       8,385,114
Banque Internationale a Luxembourg S                        65,665
Mineworkers Pension Scheme a/c R                         3,556,892
British Coal Staff Superannuation a/c:P                  3,340,466
Bank of New York                                           338,000
Nortrust Nominees                                           25,657
Unibank Torvegade                                           20,000
Total                                                   15,981,794

We have also been advised that a subsidiary company, Schroder Investment
Management North America Limited (SIMNA Ltd), has a notifiable interest in
1,162,857 Ordinary Shares and that an affiliated company, Schroder & Co Limited
(S&Co Ltd), has a notifiable interest in 45,000 Ordinary Shares, registered in
the name of Chase Nominees Ltd.

Total Number of Shares/Amount of Stock Acquired:  not disclosed

Percentage of Issued Class: not disclosed

Class of Security: Ordinary Shares of 25 pence each

Date of Transaction: not disclosed

Date Company Informed: 10 March 2005

Total Holding of Schroders following this Notification: 17,189,651

Total Percentage Holding of Issued Class held by Schroders following this
Notification: 12.14%

Additional Information: Schroders plc, as holding company, is treated as having
a notifiable interest in the above mentioned Ordinary Shares.

End of Message

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