Holding(s) in Company

11 August 2006

The Company has been notified today pursuant to Section 198-220 of the
Companies Act 1985 that Royal Mail Pension Trustees Limited has a material
interest in 4,076,726 ordinary shares of the Company, representing 8.364% of
the issued share capital as follows:

No of Shares Held  Nominee/Registered Name        Holding                      
                                                                               
4,076,726          Chase Nominees Ltd - Hermes UK Indirect                     
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