Holding(s) in Company

British Empire Sec & Gen Tst PLC
19 September 2002

19 September 2002

British Empire Securities and General Trust p.l.c.

Notifiable Holding

The Company has been informed that AXA S.A. is interested in a beneficial
interest of 14,493,522 Ordinary 10p shares, representing 8.96% of the issued
share capital, and a non beneficial interest of 2,009 Ordinary 10p shares,
representing 0.001% of the issued share capital.

The breakdown of holdings is as follows:

Company                                Registered Name                Number of Shares   % of Issued Share
                                                                                         Capital

AXA UK Investment Co ICVC UK Tracker   HSBC Global Custody Nominee    2,009              0.001%
Fund                                   (UK) Limited
(non beneficial)

Sun Life Pensions Management Ltd A/C X HSBC Global Custody Nominee    4,725,000          2.92%
(beneficial)                           (UK) Limited
Sun Life Assurance Society Plc         HSBC Global Custody Nominee    442,815            0.27%
(beneficial)                           (UK) Limited

Sun Life Unit Assurance Ltd A/c X      HSBC Global Custody Nominee    9,255,000          5.72%
(beneficial)                           (UK) Limited

Sun Life Pensions Management Ltd       RBSTB nominees designation     24,500             0.02%
(beneficial)                           Sunpen

Sun Life International (IOM) Ltd       Sun Life International         46,207             0.03%
(beneficial)


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