Holding(s) in Company

Derwent Valley Holdings PLC
15 February 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:
           Legal and General Investment Management Limited

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 notified

4)        Name of the registered holder(s) and, if more than one holder, the 
          number of shares held by each of them:
           HSBC Global Custody Nominee (UK) Limited

5)        Number of shares/amount of stock acquired:
           -

6)        Percentage of issued class:
           -

7)        Number of shares/amount of stock disposed:
           185,000

8)        Percentage of issued class:
           0.35%

9)        Class of security:
           5p Ordinary shares

10)       Date of transaction:
           February 12, 2002

11)       Date company informed:
           February 14, 2002

12)       Total holding following this notification:
           1,962,829

13)       Total percentage holding of issued class following this notification:
           3.69%

14)       Any additional information:
           -

15)       Name of contact and telephone number for queries:
           Mr T J Kite - 0207 659 3000

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

           Date of notification:                   15th February.....       2002






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