Holding(s) in Company

Taverners Trust PLC
13 October 2003

13 October 2003

The Taverners Trust PLC

Notifiable Holding

The Taverners Trust PLC ('Taverners') has been advised that at of 9 October
2003, funds under the management of Asset Value Investors Limited hold 3,915,000
Ordinary 25p shares in the Company, representing 24.57% of the issued share
capital.

The beneficial owner is Yale University.

                      This information is provided by RNS
            The company news service from the London Stock Exchange END

HOLMJBBTMMMBBLJ