Holding(s) in Company

Derwent Valley Holdings PLC
03 November 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:
     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:
     50,000 shares

6)   Percentage of issued class:
     0.094%

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

8)   Percentage of issued class:
     -

9)   Class of security:
     5p Ordinary shares

10)  Date of transaction:
     October 29, 2003

11)  Date company informed:
     October 31, 2003

12)  Total holding following this notification:
     1,613,064

13)  Total percentage holding of issued class following this notification:
     3.03%

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:   November 3rd 2003



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