Holding(s) in Company

Derwent Valley Holdings PLC
24 April 2003


                                                     SCHEDULE 10

                                      NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)        Name of company:

           DERWENT VALLEY HOLDINGS PLC

2)        Name of shareholder having a major interest:

           PRUDENTIAL 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:

           PRUCLT HSBC GIS Nominees                         2,152,148

            ROY Nominees                                       87,500

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

                                                            2,239,648

                                                         ============

5)        Number of shares/amount of stock acquired:

           N.A.

6)        Percentage of issued class:

           N.A.

7)        Number of shares/amount of stock disposed:

          N.A.

8)        Percentage of issued class:

           N.A.

9)        Class of security:

           5p Ordinary shares

10)       Date of transaction:

           N.A.

11)       Date company informed:

           April 24, 2003

12)       Total holding following this notification:

           2,239,648

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

           4.21%

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:           April 24,  2003



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