Holding(s) in Company

4Less Group plc (The)
06 May 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

4Less Group plc

2)   Name of shareholder having a major interest

Phoenix VCT plc

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

as above

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

as above

5)   Number of shares/amount of stock acquired

333,333

6)   Percentage of issued class

4.2%

7)   Number of shares/amount of stock disposed

nil

8)   Percentage of issued class

nil

9)   Class of security

ordinary shares

10)  Date of transaction

15 April 2004

11)  Date company informed

27 April 2004

12)  Total holding following this notification

333,333


13)  Total percentage holding of issued class following this notification

4.2%

14)  Any additional information

n/a

15)  Name of contact and telephone number for queries

Nigel Paul - 020 7594 0513

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

     Date of notification ....................6 May 2004





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