Holding in Company

Billam PLC
6 September 2000




Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Billam plc

2   Name of shareholder having a major interest:
Legendary Investments 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:
As in 2

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
As in 2

5   Number of shares/amount of stock acquired:
12,000,000

6   Percentage of issued class:
1.4467%

7   Number of shares/amount of stock disposed:
-

8   Percentage of issued class:
-

9   Class of security:
Ordinary shares

10  Date of transaction:
4 September 2000

11  Date company informed:
6 September 2000

12  Total holding following this notification:
36,000,000

13  Total percentage holding of issued class following this notification:
4.34%

14  Contact name for queries:
Peter Hoskins

15 Contact telephone number:
020 7251 9111

16  Name of company official responsible for making notification:
Peter Hoskins

17  Date of notification:
6 September 2000



Additional Information:
Investments made to overcome dilution following placing.