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Flying Brands Ltd (FBDU)

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Friday 22 September, 2000

Flying Brands Ltd

Holding(s) in Company

Flying Brands Limited
22 September 2000

          Flying Brands Limited ('the Company')
                  Holding(s) in Company
The  Company  was  today informed  by  Newton  Investment
Management  Limited  that, following  a  sale  of  315,000
Flying  Brands  UTS Ord 0.01 & 1'A' Ord 0.005  shares  on
September  21  2000, Newton Investment Management  Limited
are  now  interested in 2,422,713 ordinary shares  of  1p
each  ('Ordinary Shares') which represents 9.01 per cent.
of the Company's issued share capital.

Each issued Ordinary Share is 'twinned' with a fully paid
'A'  Ordinary  Share of 0.005p in the capital  of  Flying
Brands  (UK),  a  subsidiary of the Company,  to  form  a
Flying Brand Unit.

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