Holding(s) in Company

Carphone Warehouse Group PLC
22 February 2002

Immediate Release 21.02.02



                  The Carphone Warehouse Group PLC ('Company')

                               Interest in Shares



The Company received notice on 20th February 2002 that on the 19th February 2002
Morgan Stanley Securities Limited ('MSSL') disposed of its interest in certain
of its shares in the capital of the Company resulting in MSSL no longer having a
notifiable interest in the Company's shares in accordance with Section 198 of
the Companies Act 1985 ('Act').

Further information:

Tim Morris

Tristia Clarke  020 8753 8573

www.carphonewarehouse.com



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