Holding in Company

Holidaybreak PLC
7 June 2001


SECTION 198 COMPANIES ACT 1985

On 7 June 2001, Holidaybreak plc received notification from Zurich Scudder
Investments Limited whose registered office is 60 St Mary Axe, London, EC3A
8JQ of a change in the notifiable interest under Section 198 of the Companies
Act over shares held in Holidaybreak plc as detailed below:

Registered Owner               Account     Ord 5p Shares

Littledown Nominees Ltd        21667           134,275
Littledown Nominees Ltd        07203           281,889
Littledown Nominees Ltd        07197           418,831
Littledown Nominees Ltd        05576         1,375,238
Littledown Nominees Ltd        05577            91,633

TOTAL                                        2,301,866

representing 5.00% of the issued ordinary share capital of Holidaybreak plc
(46,088,713 ordinary 5p shares).



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;

Allied Zurich 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.