Holding(s) in Company

Piccadilly Growth Trust PLC                          

                                                                               

The Company has been informed that, following the purchase of 760,000 Ordinary
shares of 1p each in the Company on 23 May 2003, Mr C E W Peel is now
interested in 760,000 Ordinary shares of 1p each in the Company, representing
5.82% of the Company's issued share capital.

28 May 2003