Holding(s) in Company

Chesnara plc ('the Company')

DISCLOSURE OF INTEREST

The Company was notified on 4th October 2005 that Morgan Stanley Securities
Limited ('MSSL'), and the group companies which are direct or indirect holding
companies of MSSL, now hold 3,220,216 ordinary shares of 5p each in the Company
representing 3.08% of the total shares in issue.

MSSL transfered from time to time 101,980 shares to third parties on terms
which gave them the right to require the return of an equivilent number of
shares. Accordingly, their interest in 101,980 shares is pursuant to Section
208(5) of the Act.

MSSL is a member of the Morgan Stanley group of companies.