Holding in Company

Holidaybreak PLC
22 November 2001


SECTION 198 COMPANIES ACT 1985

On 21 November 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        07197           418,831
Littledown Nominees Ltd        05576         1,795,000
Littledown Nominees Ltd        05577           108,500
Littledown Nominees Ltd        07203           324,990
Littledown Nominees Ltd        21667           158,000

TOTAL                                        2,805,321

representing 6.04% of the issued ordinary share capital of Holidaybreak plc
46,406,369 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; Zurich
Financial Services UK Pension Trustee Limited; Eagle Star Executives Pension
Trustee Ltd; Eagle Star Securities Ltd; Sceptre Trust Ltd; Home & Overseas
Insurance Company Ltd; Zurich Scudder Pension Managers Ltd; and J.P. Morgan
Trustee and Depositary Company 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.

The shares could be available for lending and this could lead to a short term
re-registration.