Holding(s) in Company

Lawrence plc or ('Lawrence' or the 'Company')                 

                              Notifiable interest                              

The Board of Lawrence has today received notification that, on 3rd December
2002 the following transactions were undertaken, all at a price of 133 pence
per share:

J H and PA Lawrence as Trustees of a settlement for Mr Barry Day has sold
2,300,000 Lawrence ordinary shares which represents approximately 8.93% of the
issued ordinary share capital of the Company. Following this transaction, the
trustees no longer have a notifiable interest in the Company's issued ordinary
share capital.

Mrs Diana Salmon has sold 827,067 Lawrence ordinary shares which represents
approximately 3.21% of the issued ordinary share capital of the Company.
Following this transaction, Mrs Salmon no longer has a notifiable interest in
the Company's issued ordinary share capital.

Mr Andrew Levy has sold 300,000 Lawrence ordinary shares which represents
approximately 1.16% of the issued ordinary share capital of the Company.
Following this transaction, Mr Levy holds 783,453 ordinary shares which
represents approximately 3.05% in the Company's issued ordinary share capital.

Ms Juliette Levy has sold 300,000 Lawrence ordinary shares which represents
approximately 1.16% of the issued ordinary share capital of the Company.
Following this transaction, Ms Levy holds 794,616 ordinary shares which
represents approximately 3.08% in the Company's issued ordinary share capital.

The total of 3,727,067 Lawrence ordinary shares representing approximately
14.47% of the issued share capital have been placed with a number of existing
and new institutional investors by Charles Stanley & Co. Ltd. and by Durlacher
Corporation plc.

Wednesday 4th December 2002