Holding(s) in Company

Headlam Group PLC
13 November 2003


Headlam Group plc - DISCLOSURE OF INTEREST IN SHARES

Headlam Group plc has today received the following notification in respect of
notifiable interests in the ordinary voting shares of 5p of the company.

We hereby give notice for the purposes of Part VI of the Companies Act 1985 that
today we have become aware that Aberforth Smaller Companies Trust has a
notifiable interest in 2,673,700 Ordinary shares of 5p each which, based on the
information available to us, represents 3.17% of the issued share capital of the
above company.

The shares to which this notification relates are, or will be, registered as
follows:

Registered Holder
Number of Shares

Clydesdale Bank (Head Office) Nominees Limited         2,673,700
A/C ABERFITI


Please note that this disclosure arises due to changes across Aberforth
Partners' clients.



13 November 2003

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