Holding(s) in Company

Burberry Group PLC
01 December 2003

1 December 2003

Burberry Group plc received the following letter from Merrill Lynch
International on Friday, 28 November 2003:



'24 November 2003

The Company Secretary
Burberry Group plc (the Company)
18-22 Haymarket
London SW1Y 4DQ



Dear Sir

Notification under Part VI Companies Act 1985 (the Act)

On 19 November 2003, Merrill Lynch International (Merrill Lynch) entered into a
placing agreement (the Placing Agreement) with GUS plc (GUS), pursuant to which
Merrill Lynch agreed to use its reasonable endeavours to procure purchasers for
50,000,000 ordinary shares of 0.05p each in the capital of the Company (the
Ordinary Shares) which were owned by GUS Holdings Limited (Holdings), a
wholly-owned subsidiary of GUS (the Tender).  On 20 November 2003 Merrill Lynch
entered into a stock lending agreement with GUS in connection with the Tender in
respect of up to 7,500,000 Ordinary Shares (the Stock Lending Agreement).

Following Merrill Lynch's entering into of the Placing Agreement and the Stock
Lending Agreement, we hereby notify you in accordance with Part VI of the Act
that:

(a) as at 20 November 2003, Merrill Lynch and each of the persons
listed in the attached Schedule (by virtue of its group relationship with
Merrill Lynch) were interested for the purposes of Part VI of the Act in
16,230,310 Ordinary Shares as comprised in the relevant share capital, as
defined in section 198(2) of the Act, of the Company (the Relevant Shares)
(including an interest in 7,500,000 Ordinary Shares pursuant to over-allotment
arrangements under the Placing Agreement and an interest in 7,500,000 Ordinary
Shares pursuant to the Stock Lending Agreement);

(b) so far as known to Merrill Lynch and each of the persons listed in
the attached Schedule, as at the date hereof, Holdings is the registered holder
of the Relevant Shares;

(c) so far as known to Merrill Lynch and each of the persons listed in
the attached Schedule, as at 20 November 2003, of the Relevant Shares in which
Merrill Lynch and each of the persons listed in the attached Schedule were taken
to be interested, 15,000,000 Ordinary Shares were Relevant Shares in which
Merrill Lynch and each of the persons listed in the attached Schedule were taken
to be interested by virtue of section 208(5) of the Act;

(d) as at 21 November 2003, as a result of the making of a Borrowing
Request under the Stock Lending Agreement, the interest of Merrill Lynch and
each of the persons listed in the attached Schedule in 7,500,000 Ordinary Shares
pursuant to the Stock Lending Agreement changed from an interest under section
208(5) of the Act into an interest under section 208(4) of the Act;

(e) as at today's date, as a result of the delivery of Ordinary Shares
under the Stock Lending Agreement, the interest of Merrill Lynch and each of the
persons listed in the attached Schedule in 7,500,000 Ordinary Shares pursuant to
the Stock Lending Agreement changed from an interest under section 208(4) of the
Act into an interest under section 208(2) of the Act; and

(f) as of today's date, following settlement of the Tender, Merrill
Lynch and each of the persons listed in the attached Schedule no longer have a
notifiable interest for the purposes of Part VI of the Act in the Relevant
Shares.

If you have any queries regarding the contents of this letter, please contact
Alasdair Coutts-Britton on 020-7996-3565, Facsimile 020-7996-1174.



Yours faithfully
For and on behalf of Merrill Lynch International





                                    Schedule


Merrill Lynch Group Inc.

World Financial Center
North Tower
250 Vesey Street
New York
NY 10281-1332


Merrill Lynch & Co., Inc.

World Financial Center
North Tower
250 Vesey Street
New York
NY 10281-1332'


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