Holding in Company

Finsbury Growth Trust PLC
31 May 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES



All relevant boxes should be completed in block capital letters.

1. Name of company                 2. Name of shareholder having a major
                                   interest

    Finsbury Growth Trust PLC      Halifax Group plc
                                                


3. Please state whether            4. Name of the registered holder(s) and, if
notification indicates that it is  more than one holder,
in respect of                      the number of shares held by each of them
holding of the Shareholder named
in 2 above or in respect           HSBC Global Custody Nominees (UK) Ltd 
of a non-beneficial interest or in    a/c 744285 - 5,633,831
the case of an individual holder
if it is a holding of that
person's spouse or children under
the age of 18

      Non material interest

5. Number of shares/    6. Percentage of  7. Number of       8. Percentage of
amount of               issued class      shares/amount of   issued class
stock acquired                            stock disposed

          n/a                  n/a         not given              n/a
                                           


9. Class of security         10. Date of transaction            11. Date
                                                                company
                                                                informed
        Ordinary 25p                     not stated             31 May 2001

                                                                  
12. Total holding following 13. Total percentage holding of
this notification           issued class following this
                            notification


         5,633,831                         14.5%


14. Any additional information                 15. Name of contact and
                                               telephone number for queries
The above notification includes a non material
interest of The Equitable Life Assurance         David Fallon, Close Finsbury
Society in 5,548,000 shares (14.3%)               Asset Management Limited,
                                                   Secretary, 0207 426 6235