Holding(s) in Company

Avon Rubber PLC
24 February 2003


                       DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)   NAME OF COMPANY

     AVON RUBBER PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     DEUTSCHE BANK

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.

     MORGAN NOMINEES LTD          2,297,448
     NORTRUST NOMINEES LTD          817,750
     TOTAL:                       3,115,198


5)   Number of shares/amount of stock acquired.

     SLOW BUILD FIRST NOTIFICATION

6)   (%) of issued Class

     -

7)   Number of shares/amount of stock disposed

     -

8)   (%) of issued Class

     -

9)   Class of security

     £1 ORDINARY SHARES

10)  Date of transaction

     -

11)  Date company informed

     24/2/03

12)  Total holding following this notification

     3,115,198
               
13)  Total percentage holding of issued class following this notification

     11.19%

14)  Any additional information

     ISSUED SHARE CAPITAL  27,823,944

15)  Name of contact and telephone number for queries

     JUNE MEADOWS, PA TO CEO & CO. SEC
     01225 861121


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

     J.P. MEADOWS

     Date of Notification  24 FEBRUARY 2003



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