Holding(s) in Company

Derwent Valley Holdings PLC
06 November 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:
           AVIVA 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                                606,191

          Chase GA Group Nominees Ltd                                    886,823

          CUIM Nominees Ltd                                              492,531

          RBSTB Nominees Ltd                                              54,701

          Chase Nominees Ltd                                              94,527

                                                                    ------------

                                                                       2,134,773

                                                                        ========

5)        Number of shares/amount of stock acquired:
           62,043

6)        Percentage of issued class:
           0.117%

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:
           November 1, 2002

11)       Date company informed:
           November 4, 2002

12)       Total holding following this notification:
           2,134,773

13)       Total percentage holding of issued class following this notification:
           4.02%

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:                   November 6,              2002





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