Holding in Company

Babcock International Group PLC 23 July 2001 Babcock International Group Plc ('Babcock International') Notification under Section 198-202 Companies Act 1985 (the 'Act') Babcock International received the following notification from Fidelity Investments on Friday, 20th July 20001 of an interest under Sections 198-202 of the Act. ' Enclosed are amended notifications of disclosable interests under the UK Companies Act 1985. Please note that while this information details the disclosable interests of more than one entity, the enclosed disclosure constitutes separate notifications of interest which have been combined solely for purposes of clarity and efficiency. It is not intended to indicate that any of these entities act as a group or in concert with respect to these interests. These disclosures are made in the interest of conformity with the Companies Act. The Interest detailed herein was acquired solely for investment purposes. For disclosure purposes, holdings should be represented as FMR Corp. and its direct and indirect subsidiaries, and Fidelity International Limited (FIL) and its direct and indirect subsidiaries, bot being non-beneficial holders. NOTIFICATIONS UNDER SECTIONS 198 TO 202 - UK COMPANIES ACT 1. Company in which shares are held: Babcock International Group Plc 2. Notifiable Interest: Ordinary Shares a. FMR Corp. 82 Devonshire Street Boston, MA 02109 Parent holding company of Fidelity Management Trust Company (MFTC), a US state chartered bank which acts as a trustee or investment manager of various pension and trust accounts. (See Schedule A for listing of Registered Shareholders and their holdings.) b. Fidelity International Limited (FIL) PO Box HM 670 Hamilton HMCC, Bermuda Parent holding company for various direct and indirect subsidiaries, including Fidelity Investment Services Ltd. (FISL), investment managers for various non-US investment companies and institutional clients. (See Schedule A for listing of Registered Shareholders and their holdings.) 3. The notifiable interest also comprise the notifiable interests of Mr Edward C. Johnson 3d 82 Devonshire Street Boston, MA 02109 A principal shareholder of FMR Corp. and Fidelity International Limited. 4. The notifiable interests include interests held on behalf of authorised unit trust schemes in the UK, notwithstanding the exemption from reporting pursuant to Section 209(I)(h) of the Companies Act 1985. 5. These notifications of disclosable interests constitute separate notifications of interest in the shares and are combined solely for the purposes of clarity. Nothing herein should be taken to indicate that FRM Corp. and its direct and indirect subsidiaries, Fidelity International Limited and its direct and indirect subsidiaries or Mr Edward C. Johnson 3d act as a group or in concert in respect of the disclosed interests, or that they are required to submit these notifications on a joint basis. 6. The disclosable interests arise under section 208 (4) (b) of the Act, namely where a person, not being the registered holder, is entitled to exercise a right conferred by the holding of the shares or to control the exercise of such rights, or under section 203 of the Act respectively. By ___________________________ Eric D. Roiter Senior V.P. & General Counsel - FMR Co. Duly authorised under Powers of Attorney Dated December 30, 1997, by and on Behalf of FMR Corp., and its direct and Indirect subsidiaries. FUND NAME SHARES MANAGEMENT NOMINEE/REGISTERED NAME HELD COMPANY (Ordinary Shares) 155,300 FMTC State Street Nominees Ltd 8,918,373 FISL Clydesdale Bank (Head Office) Nominees Limited 614,450 FIL Clydesdale Bank (Head Office) Nominees Limited 716,233 FIL Northern Trust Total Ordinary Shares 10,404,356 Current ownership 7.10% percentage: Shares in issue: 146,572,545 Change in holdings since +1,375,000 ordinary last filing: shares' Name of Babcock International contacts and telephone number for queries: Robert Martin - Group Assistant Secretary 01494 727296 END
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