Holding(s) in Company

API Group PLC
22 October 2004


                                 API Group plc


The Board of API Group plc (the 'Company') received notification on 21 October
2004 that Steel Partners II LP and WebFinancial Corporation (whose assets are
managed on a discretionary basis by Steel Partners II LP) have respective
holdings of 3,250,000 and 950,000 shares, together representing 12.4% of the
issued share capital of the Company.


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