Holding(s) in Company

Avon Rubber PLC
5 June 2002



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     AVON RUBBER 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

     NON-BENEFICIAL INTEREST

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

     SEE LETTER BELOW

5)   Number of shares/amount of stock acquired.

     NOT ADVISED

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     £1 ORDINARY

10)  Date of transaction

     NOT ADVISED

11)  Date company informed

     31.05.02 (P.M.)

12)  Total holding following this notification

     2,850,914
               
13)  Total percentage holding of issued class following this notification

     10.246%

14)  Any additional information

     ISSUED SHARE CAPITAL 27,823,944 SHARES

15)  Name of contact and telephone number for queries

     C.L. MARTIN          01225 861150

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

     Date of Notification ......5.6.2002..................



Letter to Avon Rubber
dated 31 May 2002

£1.00 ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 2,850,914 shares. These shares are held in (a) unit trust(s)
operated and managed by an affiliated company, Schroder Unit Trusts Limited
(SUTL) and registered or to be registered in the name of Chase Nominees Limited

We believe that our interest represents some 10.246% of the total number of
shares in issue, namely 27,823,944 shares.

This notification is made to you:-

(a) in respect of our interest as investment managers,

(b) on behalf of SUTL in relation to the interest it is treated as having under
    the Companies Act 1985 (the Act), and

(c) on behalf of Schroders plc., our holding company, which is treated as having
    an interest in all of the above shares under the Act by virtue of its 
    ownership of SUTL and ourselves.

Letter from Schroder Investment Management Limited
 

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