Holding(s) in Company

Carphone Warehouse Group PLC
28 March 2002



28 March 2002



                  The Carphone Warehouse Group PLC ('Company')


                               Interest in Shares


The Company received notice on 27th March 2002 that on 26th March 2002 Morgan
Stanley Securities Limited ('MSSL') acquired an interest in shares in the
Company that resulted in it holding a total of 25,744,033 shares, being more
than 3% of the issued share capital of the Company.


MSSL have transferred from time to time 24,246,500 shares to a third party on
terms which gave it the right to require the return of an equivalent number of
shares. Accordingly, the interest in the 24,246,500 shares is pursuant to
Section 208(5) of the Companies Act 1985.




Further information:

Tim Morris               020 8896 5430



www.carphonewarehouse.com



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