Holding(s) in Company

Serco Group plc

In accordance with Sections 198 - 202 of the Companies Act 1985, the Company
was notified on 23 September 2002 of the following reduced Notifiable Interest,
which was effected on 17 September 2002:

Merrill Lynch Investment Managers Limited - 12.93%

Contact: Julie Hindley 01932 755900