Holding in Company

API Group PLC
10 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 LTD

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


HOLDER                                             ACCOUNT              HOLDING
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             1,109,344
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

100,000

8)   Percentage of issued class

0.30%

9)   Class of security

ORDINARY 25 PENCE SHARES

10)  Date of transaction

06 DECEMBER 2001

11)  Date company informed

10 DECEMBER 2001

12)  Total holding following this notification

1,286,246


13)  Total percentage holding of issued class following this notification

3.80%

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 ...10 DECEMBER...2001...