Holding in Company

Chemring Group PLC
21 December 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Chemring Group Plc

2) Name of shareholder having a major interest

Prudential 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

Notification is in respect of the 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 LTD A/C 14914        - 157,092 5p Ordinary Shares

CHASE NOMINEES LTD A/C 14922        - 459,034 5p Ordinary Shares

CLYDESDALE BANK NOMINEES LTD MGC    - 855,217 5p Ordinary Shares

PRUCLT HSBC GIS NOM (UK) PAC AC     - 1,000,076 5p Ordinary Shares

PRUCLT HSBC GIS NOM (UK) PPL AC     - 468,127 5p Ordinary Shares


5) Number of shares/amount of stock acquired



6) Percentage of issued class



7) Number of shares/amount of stock disposed



8) Percentage of issued class



9) Class of security

5p Ordinary Shares

10) Date of transaction



11) Date company informed

21 December 2001

12) Total holding following this notification

2,939,546 5p Ordinary Shares

13) Total percentage holding of issued class following this notification

10.91%

14) Any additional information




15) Name of contact and telephone number for queries

Helen Marsh

01489 881880

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

Helen Marsh


Date of notification 21 December 2001