Blocklisting Interim Review

DERWENT VALLEY HOLDINGS PLC


      ** B L O C K L I S T I N G  S I X  M O N T H L Y  R E V I E W  **
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1.  NAME OF COMPANY:          DERWENT VALLEY HOLDINGS PLC

2.  NAME OF SCHEME:           GROUP SHARE OPTION SCHEME

3.  PERIOD OF RETURN:         FROM: 29/04/99      TO: 24/10/99

4.  NUMBER AND CLASS OF SHARES(S)
    (AMOUNT OF STOCK/DEBT SECURITY)
    NOT ISSUED UNDER SCHEME
    AT END OF THE LAST PERIOD:  240,558
                                5P ORDINARY SHARES

5.  NUMBER OF SHARES ISSUED/ALLOTTED
    UNDER SCHEME DURING PERIOD: 108,515

6.  BALANCE UNDER SCHEME  NOT YET 
    ISSUED/ALLOTTED AT END OF PERIOD: 132,043

7.  NUMBER AND CLASS OF SHARE(S)
    (AMOUNT OF STOCK/DEBT SECURITIES)
    ORIGINALLY LISTED AND THE DATE
    OF ADMISSION:  750,000   23RD APRIL 1997  LISTING REF: A/1639/1997

PLEASE CONFIRM TOTAL NUMBER OF SHARES IN ISSUE
AT THE END OF THE PERIOD IN ORDER FOR US TO 
UPDATE OUR RECORDS.  53,071,958

CONTACT FOR QUERIES:                             

NAME: T J KITE

TELEPHONE:  [phone]