Holding in Company

The Company was informed on 3 May 2007 by Caldwell Associates that it
holds 556,750 Ordinary  Shares of 20p  each in Billam  Plc on  behalf
certain of their private clients representing  5.25 per cent. of  the
issued share capital. The shares are registered in the name of Forest
Nominees Limited.

Enquiries
Nish Malde
01923 713600

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