Holding in Company

Ascot PLC
20 February 2001


                      Ascot Plc ('Ascot')
                               

Ascot has today been advised that following the novation of
funds from Norwich Union Investment Management Limited to
Morley Fund Management Limited (both wholly owned subsidiaries
of CGNU plc), Morley Fund Management Limited is now interested
in 4,032,278 ordinary shares in the Company representing 5.29%
of Ascot's issued ordinary share capital.

The shares are held as follows:

BNY Norwich Union Nominees Ltd                      954,233
Chase GA Group Nominees Ltd                       2,232,045
Chase GA Pension Nominees Ltd                       181,000
CUIM Nominee Ltd                                    665,000