Holding(s) in Company

Chemring Group PLC
24 July 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

Chemring Group Plc

2)   Name of shareholder having a major interest

Deutsche Bank AG

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



Morgan Grenfell & Co Ltd                  - 244,418



Morgan Grenfell & Co Limited A/c Library  - 20



HSBC Global Custody Nominees (UK) Ltd     - 106,000



Morgan Nominees                           - 1,207,397



Morgan Nominees D131                      - 2,181,120



RBSTB Nominees                            - 313,855




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

17 July 2002


12)  Total holding following this notification

4,052,810


13)  Total percentage holding of issued class following this notification

14.77%

14)  Any additional information



15)  Name of contact and telephone number for queries

Sarah Ellard

01489 881880

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


Sarah Ellard


Date of notification 24 July 2002







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