Holding(s) in Company

British Empire Sec & Gen Tst PLC
26 June 2002

26 June 2002

British Empire Securities and General Trust PLC

Notifiable Holding

The Company has been informed (on 25 June 2002) that AXA S.A and its
subsidiaries are interested in 18,208,481 Ordinary 10p shares, representing
10.95% of the issued share capital. These shares are represented by a beneficial
interest of 18,205,648 Ordinary 10p shares (10.95%) and a non-beneficial
interest of 2,833 Ordinary 10p shares.

The breakdown is as follows:
AXA UK Investment Co ICVC                                       2,833
UK Tracker Fund
HSBC Global Custody Nominee (UK) Ltd

Sun Life Pensions Management Ltd A/C X                          4,725,000
HSBC Global Custody Nominee (UK) Ltd

Sun Life Assurance Society Plc                                  4,201,148
HSBC Global Custody Nominee (UK) Ltd

Sun Life Unit Assurance Ltd A/C X                               9,255,000
HSBC Global Custody Nominee (UK) Ltd

Sun Life Pensions Management Ltd                                24,500
RBSTB nominees designation Sunpen

TOTAL                                                           18,208,481



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