Holding(s) in Company

Babcock International Group PLC
6 November 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

BABCOCK INTERNATIONAL GROUP 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



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

SEE SCHEDULE BELOW


5)   Number of shares/amount of stock acquired.

3,099,515


6)   ( 2.08 %) of issued Class

7)   Number of shares/amount of stock disposed



8)   (  %) of issued Class

9)   Class of security

60P ORDINARY SHARES


10)  Date of transaction

5.11.2003


11)  Date company informed

5.11.2003


12)  Total holding following this notification

23,865,312

               
13)  Total percentage holding of issued class following this notification

16.04%


14)  Any additional information



15)  Name of contact and telephone number for queries

MR R MARTIN
GROUP ASSISTANT SECRETARY
BABCOCK INT GROUP PLC
0207 291 5029


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

     Date of Notification ........................6.11.2003


                              Schedule

Registered Holders

Schroder Unit Trust Limited                         6,472,792

Schroder Nominees Limited                             400,000

Chase Manhattan Bank                                1,005,771
Chase Nominees Limited                              1,450,000
BT Globenet Nominees Ltd a/c: 6B                      750,000
Banque Internationale a Luxembourg S                  117,019
British Coal Staff Superannuation a/c: P            3,722,330
Imperial Pensions Nominees Limited                  1,400,000
Mineworkers' Pension Scheme a/c: R                  3,500,000
Nortrust Nominees Limited                             900,000

Schroder Investment Management North America Inc 
     Chase Nominees Limited                         2,600,000
     J P Morgan Chase                               1,547,400
 
                                         TOTAL     23,865,312



                      This information is provided by RNS
            The company news service from the London Stock Exchange