Holding(s) in Company

Bunzl PLC
12 March 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


BUNZL PLC



2. Name of shareholder having a major interest


DEUTSCHE BANK A.G.



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


NON-BENEFICIAL INTERESTS REPRESENTING FUNDS UNDER MANAGEMENT HELD ON 
BEHALF OF CLIENTS



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


REGISTERED HOLDERS                                               NO. OF SHARES

HELD AS PRINCIPAL

DEUTSCHE BANK AG LONDON                                           1,053,790

DEUTSCHE BANK SECURITIES INC                                         46,407

HELD IN CLIENT PORTFOLIOS

MORGAN NOMINEES LTD                                              22,450,400

MORGAN NOMINEES LTD A/C CHY                                          90,117

MORGAN NOMINEES LTD A/C CSL                                          73,724

MORGAN NOMINEES LTD A/C DGR                                         257,900

MORGAN NOMINEES LTD A/C ENF                                         223,600

MORGAN NOMINEES LTD A/C LAM                                         261,400

MORGAN NOMINEES LTD A/C MER                                          70,300

MORGAN NOMINEES LTD A/C NG                                           57,950

MORGAN NOMINEES LTD A/C SAM                                          44,993

MORGAN NOMINEES LTD A/C SL                                          466,532

BANK OF NEW YORK NOMINEES                                         2,007,368

BRITISH OVERSEAS BANK NOMINEES LTD A/C 7020                         110,830

CHASE NOMINEES                                                    8,617,816

CHASE NOMINEES A/C 14186                                            159,174

CLYDESDALE BANK CUSTODIAN NOMINEES                                   95,897

DEUTSCHE ASSET MANAGEMENT FRANKFURT                                  47,811

DEUTSCHE BANK TRUST COMPANY AMERICAS                                346,123

DEUTSCHE TRUST BANK JAPAN                                           557,800

DWS INVESTMENT GmbH                                                   5,565

HSBC GLOBAL CUSTODY NOMINEES (UK) LTD                               970,772

LOTHIAN REGIONAL COUNCIL                                            522,822

NORTRUST NOMINEES LTD                                             6,901,529

STATE STREET NOMINEES                                             5,783,971

SCUDDER INVESTMENT MANAGEMENT                                        13,595

VIDACOS NOMINEES                                                    213,800

                                                                 __________

TOTAL                                                            51,451,986

                                                                 ==========





5. Number of shares / amount of stock acquired


74,765 SINCE LAST NOTIFICATION



6. Percentage of issued class


0.016%



7. Number of shares / amount of stock disposed


N/A



8. Percentage of issued class


N/A



9. Class of security


ORDINARY SHARES OF 25P



10. Date of transaction


11 MARCH 2003



11. Date company informed


12 MARCH 2003



12. Total holding following this notification


51,451,986



13. Total percentage holding of issued class following this notification


11.04%



14. Any additional information


N/A



15. Name of contact and telephone number for queries


MRS C MEYER - 020 7495 4950



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


MR P N HUSSEY, COMPANY SECRETARY



Date of notification


12 MARCH 2003



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for loss of business or loss of profits) arising in contract, tort or otherwise
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