Holding(s) in Company

Babcock International Group PLC
29 January 2004

                          SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


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 BELOW
    
5)   Number of shares/amount of stock acquired.

      4,697,400

6)   Percentage of issued Class

      3.13%

7)   Number of shares/amount of stock disposed
     

8)   Percentage of issued Class


9)   Class of security

     60P ORDINARY SHARES


10)  Date of transaction

     27-1-2004


11)  Date company informed

     28-1-2004


12)  Total holding following this notification

     25,662,927

               
13)  Total percentage holding of issued class following this notification

     17.08%


14)  Any additional information



15)  Name of contact and telephone number for queries

     S. BILLIARD
     0207 291 5016

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

     Date of Notification 29-1-2004

SCHRODER REGISTRATION SCHEDULE

29 January 2004


     7,372,792     SCHRODER UNIT TRUST LIMITED
       447,615     SCHRODER NOMINEES LIMITED
     1,005,771     CHASE MANHATTAN BANK
     1,450,000     CHASE NOMINEES LIMITED
       117,019     BANQUE INTERNATIONALE A LUXEMBOURG S
     4,347,330     BRITISH COAL STAFF SUPERANNUATION A/C P
     1,400,000     IMPERIAL PENSIONS NOMINEES LIMITED
     4,325,000     MINEWORKERS PENSION SCHEME A/C R
     2,600,000     CHASE NOMINEES LIMITED
     2,097,400     J P MORGAN CHASE



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