Holding in Company

Derwent Valley Holdings PLC
8 June 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

       DERWENT VALLEY HOLDINGS PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

        SCOTTISH WIDOWS INVESTMENT MANAGEMENT LTD

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



4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

       SEE LIST (BELOW)

5)   Number of shares/amount of stock acquired.


6)   ( N/A %) of issued Class


7)   Number of shares/amount of stock disposed


8)   ( N/A %) of issued Class


9)   Class of security

     5P ORDINARY SHARES

10)  Date of transaction

      NOT KNOWN

11)  Date company informed

      8TH JUNE 2000

12)  Total holding following this notification

      4,573,816
               
              
13)  Total percentage holding of issued class following this notification

      8.61%

14)  Any additional information



15)  Name of contact and telephone number for queries


     T.J.KITE  020 7486 4848 

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

     Date of Notification ..8TH JUNE 2000


                       DERWENT VALLEY HOLDINGS PLC

                  SCOTTISH WIDOWS INVESTMENT PARTNERSHIP LIMITED

Registered holder                                       No.of shares

Global Investor Services                                    15,500
HSBC Global Custody Nominees (UK) Limited                  999,293
State Street Nominees Limited A/c XBY2                     650,718
State Street Nominees Limited A/c XBY4                     367,937
C O Nominees N210                                          449,628
Talbot Nominees Limited N220                               396,087
Talbot Nominees Limited                                     30,900
State Street Nominees Limited                               87,598
Lloyds Bank (ID) Nominees Limited a/c 423H                   7,250
Lloyds Bank (ID) Nominees Limited 423F                      77,810
RBS 2B Nominees Ltd a/c LSCIT                              185,750
RBSTB Nominees Ltd A/c SW                                   87,500
Lloyds Bank (ID) Nominees Limited 510A                      56,250
RBS TB Nominees                                            480,495
Lloyds Bank (ID) Nominees Limited                          219,100
Nortrust Nominees Ltd (Strathclyde)                        462,000

                                                         4,573,816