Holding(s) in Company

Derwent Valley Holdings PLC
03 December 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                          826,786

          CUIM Nominees Ltd                                    492,531

          RBSTB Nominees Ltd                                    54,701

          Chase Nominees Ltd                                    94,527

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

                                                             2,074,736

                                                              ========

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

6)        Percentage of issued class:
           nil

7)        Number of shares/amount of stock disposed:
          60,037

8)        Percentage of issued class:
           0.11%

9)        Class of security:
           5p Ordinary shares

10)       Date of transaction:
           November 29, 2002

11)       Date company informed:
           December 2, 2002

12)       Total holding following this notification:
           2,074,736

13)       Total percentage holding of issued class following this notification:
           3.90%

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:                         December 3,  2002





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