Holding in Company

Holidaybreak PLC
19 March 2001



SECTION 198 COMPANIES ACT 1985
------------------------------

In accordance with the provision of Section 198 of the Companies Act 1985, on
16 March 2001, Holidaybreak plc received notification from Zurich Scudder
Investments Limited, whose registered office is at 60 St Mary Axe, London EC3A
8JQ, of the following notifiable interest in the shares of Holidaybreak plc:

Registered Holder                           Number of 5p
                                           Ordinary shares held

Littledown Nominees Limited A/c 21667         134,275
Littledown Nominees Limited A/c 07203         281,889
Littledown Nominees Limited A/c 07197         418,831
Littledown Nominees Limited A/c 05576       1,333,858
Littledown Nominees Limited A/c 05577          89,813
                                            ---------
TOTAL                                       2,258,666

The above holding represents 4.92% of the issued ordinary share capital of
Holidaybreak plc.

Notes
-----

Littledown Nominees Ltd is a nominee for the ZFS Group subsidiaries: Allied
Dunbar Assurance plc, Zurich Financial Services UK (AD) Pension Scheme; Eagle
Star Insurance Company Ltd; Eagle Star Life Assurance Company Ltd; Eagle Star
Pension Trustee Ltd; Eagle Star Executives Pension Trustee Ltd; Eagle Star
Securities Ltd; Sceptre Trust Ltd; Home & Overseas Insurance Company Ltd;
Zurich Scudder Pension Managers Ltd; and Chase Manhattan Trustees Ltd, the
Trustee for Eagle Star Unit Managers Ltd and the Depository to Threadneedle
Investment Funds ICVC.

ZFS is Zurich Financial Services, a company incorporated in Switzerland.

The above notification was made on behalf of:

Allied Dunbar Assurance plc;

Eagle Star Life Assurance Company Ltd and Eagle Star Holdings Limited;

Zurich Scudder Investments Ltd, Zurich Scudder Pension Managers Ltd and Zurich
Scudder Investments Holdings Ltd;

Zurich Scudder Holdings Ltd, Zurich Scudder Investments Inc, ZKI Holding
Corporation, Zurich Financial Services (UKISA) Ltd, Zurich Group Holding,
Zurich Holding Company of America Inc, Zurich Insurance Company and Allied
Zurich plc, the intermediate holding companies of the aforementioned
companies, and Zurich Financial Services, their ultimate holding company.