Holding(s) in Company

Provalis PLC 22 September 2004 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) NAME OF COMPANY PROVALIS PLC 2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST SCHRODERS 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 SHAREHOLDER NAMED ABOVE 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. SEE ABOVE 5) Number of shares/amount of stock acquired. 5,000,000 6) Percentage of issued Class 1.37% 7) Number of shares/amount of stock disposed N/A 8) Percentage of issued Class N/A 9) Class of security ORDINARY SHARES OF 1p EACH 10) Date of transaction 22.09.04 11) Date company informed 22.09.04 12) Total holding following this notification 36,638,867 13) Total percentage holding of issued class following this notification 10.01% 14) Any additional information - 15) Name of contact and telephone number for queries LEE GREENBURY 01244 833402 16) Name and signature of authorised company official responsible for making this notification Date of Notification 22.09.2004 This information is provided by RNS The company news service from the London Stock Exchange

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