Holding in Company

Babcock International Group PLC
24 April 2001


Babcock International Group PLC have today received the following notification
in relation to an interest in its shares, pursuant to Section 199 of the
Companies Act 1985

'Babcock International Group PLC, Ordinary 60p Shares Disclosure of Interests

Pursuant to Section 199 of the Companies Act 1985, we hereby give notification
of a holding greater than 10% of the Issued Share Capital of the above
security.

Please be advised that HSBC Asset Management (Europe) Ltd had a non-material
interest in 14,840,982 nominal value of the above security (10.1396% of the
respective Issued Share Capital) as at close of business on 20 April 2001, by
virtue of certain discretionary managed portfolio agreements.

Please also note that HSBC Asset Management (Europe) Ltd is a wholly owned
subsidiary of HSBC Asset Management Ltd, a member of the HSBC Group, however
the above interest relates only to HSBC Asset Management (Europe) Ltd and not
to any other member of the Group.'

Enquiries

Robert Martin

Group Assistant Secretary          01494 727 296