Holding(s) in Company

Caledonia Investments PLC
24 April 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
Caledonia Investments plc

2. Name of shareholder having a major interest
BriTel Fund Trustees Limited, a company controlled by the trustees of the BT Pension Scheme.

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
Beneficial holding of shareholder named in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
Chase Nominees Limited - 5,315,911 BriTel Fund Nominees Limited - 292,809

5. Number of shares / amount of stock acquired
Not advised

6. Percentage of issued class




7. Number of shares / amount of stock disposed




8. Percentage of issued class


9. Class of security
Ordinary 5p

10. Date of transaction
Not advised

11. Date company informed
24 April 2002

12. Total holding following this notification
5,608,720

13. Total percentage holding of issued class following this notification
7.68%

14. Any additional information
Hermes Focus Asset Management Limited has a material interest in 5,315,911 shares as general partner of
various partnerships managed by it. Hermes SLP Limited and Lens Investors (UK) LLC have a material
interest in these shares as partners in one of the partnerships managed by Hermes Focus Asset Management
Limited. Hermes Focus Asset Management Limited and Hermes SLP Limited are both subsidiaries of Hermes
Pensions Management Limited which is ultimately owned by BriTel Fund Trustee Limited, a company controlled
by the trustees of the BT Pension Scheme.

15. Name of contact and telephone number for queries
Mrs E Osborn 020 7802 8080

16. Name and signature of authorised company official responsible for making
this notification
Mrs E Osborn, Assistant Company Secretary

Date of notification
24 April 2002



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