Holding(s) in Company

Dawnay, Day Carpathian PLC
29 July 2005


29 July 2005

                           Dawnay Day Carpathian PLC

Dawnay, Day Carpathian PLC have been advised that as of close of business on 26
July 2005, Bear Stearns International Trading Limited beneficially owned
5,000,000 ordinary shares of Dawnay, Day Carpathian PLC representing an interest
of 3.57%.




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