Holding(s) in Company

Derwent Valley Holdings PLC
18 March 2002


                                                     SCHEDULE 10

                                      NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)        Name of company:
           Derwent Valley Holdings plc

2)        Name of shareholder having a major interest:
           CGNU plc

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:
           Not advised

4)        Name of the registered holder(s) and, if more than one holder, the number of shares held by each
          of them:
           BNY Norwich Union Nominees Ltd                       815,137

          Chase GA Group Nominees Ltd                           726,080

          CUIM Nominees Ltd                                     542,019

          RBSTB Nominees Ltd                                     48,722

                                                           ------------
                                                              2,131,958

                                                               ========

5)        Number of shares/amount of stock acquired:
           167,635

6)        Percentage of issued class:
           0.315%

7)        Number of shares/amount of stock disposed:
          0

8)        Percentage of issued class:
           0%

9)        Class of security:
           5p Ordinary shares

10)       Date of transaction:
           March 13, 2002

11)       Date company informed:
           March 15, 2002

12)       Total holding following this notification:
           2,131,958

13)       Total percentage holding of issued class following this notification:
           4.01%

14)       Any additional information:
           -

15)       Name of contact and telephone number for queries:
           T J Kite    020 7659 3000

16)       Name and signature of authorised company official responsible for making this notification:
           T J Kite - Company Secretary

           Date of notification:                   March   18               2002






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