Holding in Company

Avon Rubber PLC
5 January 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

AVON RUBBER p.l.c


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC


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

IN RESPECT OF SHAREHOLDER NAMED IN 2


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

AS IN 2


5)   Number of shares/amount of stock acquired.

-

6)   ( N/A %) of issued Class



7)   Number of shares/amount of stock disposed

50000


8)   (0.178%) of issued Class



9)   Class of security

£1 ORDINARY


10)  Date of transaction

3 JAN 01


11)  Date company informed

5 JAN 01


12)  Total holding following this notification

1,350,000
               
              
13)  Total percentage holding of issued class following this notification

4.852%


14)  Any additional information



15)  Name of contact and telephone number for queries

C. L. MARTIN  
COMPANY SECRETARY
01225 861150


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

     Date of Notification .. 5 JANUARY 2001 ...........................