Holding(s) in Company

Bunzl PLC
28 January 2005


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

BUNZL PLC

2. Name of shareholder having a major interest

LLOYDS TSB GROUP 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

LLOYDS TSB GROUP PLC AND SUSIDIARY COMPANIES (INCLUDING SCOTTISH WIDOWS
INVESTMENT PARTNERSHIP)

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

REGISTER HOLDER                                         AMOUNT
SCOTTISH WIDOWS INVESTMENT PARTNERSHIP              13,252,230
LLOYDS TSB PRIVATE BANKING                             293,639
LLOYDS TSB JERSEY OFFSHORE                               4,000

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class

3.011%

7. Number of shares / amount of stock disposed

4,360,253

8. Percentage of issued class

0.97%

9. Class of security

ORDINARY SHARES OF 25P

10. Date of transaction

28 JANUARY 2005

11. Date company informed

28 JANUARY 2005

12. Total holding following this notification

3.011%

13. Total percentage holding of issued class following this notification

N/A

14. Any additional information

N/A

15. Name of contact and telephone number for queries

MISS A MATTHEWS, 020-7495-4950

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

P N HUSSEY, COMPANY SECRETARY

Date of notification

28 JANUARY 2005

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