Holding in Company

API Group PLC
12 December 2001



                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

API GROUP PLC

2) Name of shareholder having a major interest

LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18

SEE BOX 2

4) Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them

REGISTERED HOLDER                             ACCOUNT    NUMBER OF SHARES

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD          775245     113,602
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD          360509     10,000
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD          357206     784,344
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD          747381     32,300
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD          866203     21,000



5) Number of shares/amount of stock acquired

N/A

6) Percentage of issued class

N/A

7) Number of shares/amount of stock disposed

345,000

8) Percentage of issued class

1.02%

9) Class of security

ORDINARY 25 PENCE SHARES

10) Date of transaction

10 DECEMBER 2001

11) Date company informed

12 DECEMBER 2001

12) Total holding following this notification

961,246

13) Total percentage holding of issued class following this notification

2.84%

14) Any additional information

NONE

15) Name of contact and telephone number for queries

ED RICHARDS

01625 858700

16) Name and signature of authorised company official responsible for making
this notification

ED RICHARDS - ASSISTANT COMPANY SECRETARY

Date of notification ...12 DECEMBER...2001...