Holding in Company

3i Group PLC
20 November 2000


Letter to: 3i Group plc
16 November 2000

3i GROUP PLC (THE 'COMPANY')

This notification relates to issued ordinary shares of 50p each in the capital
of the Company (the 'shares') and is given in fulfilment of the obligations
imposed by sections 198 to 202 of the Companies Act 1985 (the 'Act').

1.   Notification on behalf of CGNU plc

1.1  We hereby notify you on behalf of CGNU plc that immediately after the time
when the obligation to make this notification arose CGNU plc were interested in
18,673,983 shares.

1.2  The identity of the registered holders of the shares to which this
notification relates and the number of shares held by each of them are set out
in the Appendix below.

If you require further information as to which companies in the CGNU group hold
interests in the shares (by virtue of s.203 of the Act) please submit a written
request and we will be happy to supply this information.

We are only required to notify interests which are defined as material interests
when the holding is equal to 3% or more of the Company's relevant share capital.
The term material interests exclude certain categories where we do not hold a
beneficial interest, for example where the shares are held in an Authorised Unit
Trust Scheme or Open Ended Investment Company. Holdings in those categories are
therefore not included in the holding notified under this letter. 

From: Lisa Chung
      for and on behalf of
      CGNU plc



                            APPENDIX: CGNU PLC


REGISTERED HOLDERS                                     NUMBER OF SHARES HELD

BNY (Nominees) Limited                                    14,200 (material)

BNY Norwich Union Nominees Limited                     8,710,848 (material)

BT Globenet Nominees Limited                               1,500 (material)

Chase GA Group Nominees Limited                        7,697,802 (material)

Chase GA Pension Nominees Limited                         57,500 (material)

Chase Nominees Limited                                     1,350 (material)

CUIM Nominee Limited                                   2,123,083 (material)

Hibernian Investment Managers Limited                     66,200 (material)

State Street Bank Nominees Limited                         1,500 (material)


TOTAL PERCENTAGE INTEREST OF CGNU PLC: 3.08%

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 606,457,021