21.20 Announcement-Quarterly

3i Group PLC
02 July 2004

Listing rule 21.20(l)(ii) -ten largest investments as at 30 June 2004



Listing Rule 21.20(l)(ii) requires 3i Group plc, as an investment trust, to
publish a list of at least its ten largest investments as at each quarter end.
3i Group plc's investment portfolio comprises over 2,000 investments most of
which are unquoted.  Unquoted investments are revalued twice a year as at 30
September and 31 March.  Directors' valuations of unquoted investments have not
been updated since the valuations as at 31 March 2004 save that they have been
adjusted for disposals, further investments and, where appropriate, write-offs
or provisions. Quoted investments have been revalued as at the quarter end.



Based on directors' valuations of unquoted investments as at 31 March 2004
(adjusted as mentioned above) and on the valuations of quoted assets as at 30
June 2004 the ten largest investments of 3i Group plc as at 30 June 2004 were as
listed below.


Company                           Nature of business                   Type of investment
SR Technics Holdings AG           Repair and maintenance of aeroplane  Equity shares and loans
                                  engines and frames
Yellow Brick Road BV              Directory services                   Equity shares and loans
Betapharm Arzneimittel GmbH       Supplier of generic prescription     Equity shares and loans
                                  drugs
Westminster Health Care Holdings  Care homes operator                  Equity shares and loans
Ltd
Travelex Holdings Ltd             Foreign currency services            Equity shares
ERM Holdings Ltd                  Environmental consultancy            Equity shares and loans
Pets at Home Group Ltd            Retailer of pets and pet supplies    Equity shares and loans
Williams Lea Group Ltd            Financial and business printers      Equity shares
Malmberg Investments BV           Educational publisher                Equity shares and loans
Tato Holdings Ltd                 Manufacture and sale of specialist   Equity shares
                                  chemicals



Note: This announcement is made to comply with Listing Rule requirements.  The
list set out above is based on valuations as referred to above.




                      This information is provided by RNS
            The company news service from the London Stock Exchange