Holding in Company

Ashtead Group PLC
11 October 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     ASHTEAD GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SCHRODER 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

     FUND MANAGER

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

      NOT ADVISED

5)   Number of shares/amount of stock acquired.

      NOT ADVISED

6)   (%) of issued Class

UNKNOWN

7)   Number of shares/amount of stock disposed

         -

8)   (N/A) of issued Class

9)   Class of security

      10P ORDINARY SHARES

10)  Date of transaction

       NOT ADVISED

11)  Date company informed

      9.10.00

12)  Total holding following this notification

       39,342,406
               
              
13)  Total percentage holding of issued class following this notification

      12.177%

14)  Any additional information

      -

15)  Name of contact and telephone number for queries

      R.E. CLARK
      01372  362300

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

     Date of Notification ..11.10.2000....