Holding(s) in Company

SCHEDULE 10                                  
                                                                               
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1) Name of company

Chemring Group PLC

2) Name of shareholder having a major interest

Artemis Investment Management

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

Notification is in respect of the Shareholder named in 2 above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them



5) Number of shares/amount of stock acquired



6) Percentage of issued class



7) Number of shares/amount of stock disposed



8) Percentage of issued class



9) Class of security

5p Ordinary Shares

10) Date of transaction



11) Date company informed

17 September 2002

12) Total holding following this notification

2,763,000 5p Ordinary Shares


13) Total percentage holding of issued class following this notification

10.07%

14) Any additional information

Change in holding due to recent acquisition of ABN Amro's UK unit trust
business

15) Name of contact and telephone number for queries

Helen Marsh 01489 881880

16) Name and signature of authorised company official responsible for
making this notification

Helen Marsh


Date of notification 23 September 2002