Blocklisting Interim Review

Derwent Valley Holdings PLC
23 May 2000

                    BLOCKLISTING SIX MONTHLY REVIEW


1. NAME OF COMPANY:

   DERWENT VALLEY HOLDINGS PLC

2. NAME OF SCHEME:

   GROUP SHARE OPTION SCHEME

3. PERIOD OF RETURN:     FROM:  23/10/99          TO:  30/04/2000



4. NUMBER AND CLASS OF SHARES(S)
   (AMOUNT OF STOCK/DEBT SECURITY)
   NOT ISSUED UNDER SCHEME
   AT END OF THE LAST PERIOD:        132,043    5P ORDINARY SHARES



5. NUMBER OF SHARES ISSUED/ALLOTTED
   UNDER SCHEME DURING PERIOD:       -



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]