Holding in Company

Diploma PLC
6 December 2001


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

LETTER DATED 5 DECEMBER 2001


SECTION 198 - 210 COMPANIES ACT 1985 (AS AMENDED)

As required under the terms of the above Act, I am writing to advise you of the 
following transactions affecting notifiable interests held by the above Company;


           04.12.01  Decrease in issued       2,516,434 Ordinary 5p shares
                     share capital



These transactions leave the Trust's holding at 1,743,393 Ordinary 5p shares, 
which according to our records, now represents a holding of 7.698% of this class
of capital.

The Shares will be held in the name of HSBC Global Custody Nominees Ltd. 
Account Designate EAGLET - 866379.


LETTER FROM:  EAGLET INVESTMENT TRUST PLC