Holding(s) in Company

Holding(s) in Company 

    LONDON--(BUSINESS WIRE)--May 23, 2003--

ARC International PLC ("the Company")

The Company received the following notification from HSBC Bank plc on
the 22 May 2003.

"Part VI Companies Act 1985 ("the Act")

We refer to our letter of 12 March 2003 and notify you in accordance
with Part VI Companies Act 1985 ("the Act") that as at close of
business 19 May 2003 HSBC Bank plc no longer had a notifiable interest
in the ordinary shares of ARC International plc.

HSBC Holdings plc as HSBC Bank plc's parent company are also no longer
interested, by virtue of S.203 of the Act in the above mentioned
Shares"

22 May 2003

   Short Name: Arc Intl PLC
   Category Code: HOL
   Sequence Number: 00005091
   Time of Receipt (offset from UTC): 20030522T200619+0100