Holding(s) in Company

Headlam Group PLC
31 March 2004


HEADLAM GROUP PLC - DISCLOSURE OF INTEREST IN SHARES

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

This notification relates to issued ordinary shares of 5 pence each in the
capital of the company (the 'shares') and is given in fulfilment of the
obligations imposed by sections 198 to 202 of the Companies Act 1985 (the 'Act
').

1    Notification on behalf of Morley Fund Management Limited (a subsidiary of 
     Aviva plc).

1.1  We hereby notify you on behalf of Morley Fund Management Limited that 
     immediately after the time when the obligation to make this notification 
     arose Morley Fund Management Limited were interested in 2,715,594 shares.

1.2  The identity of the registered holders of the shares to which this 
     notification relates and the number of shares held by each of them are set
     out in the attached Appendix: Morley Fund Management Limited.

2    Notification on behalf of Aviva plc

2.1  We hereby notify you on behalf of Aviva plc that immediately after the time 
     when the obligation to make this notification arose Aviva plc were 
     interested in 2,715,594 shares giving the Aviva group a total percentage
     interest in the shares of 3.20%.

2.2  The identity of the registered holders of the shares to which this 
     notification relates and the number of shares held by each of them are set
     out in the attached Appendix: Aviva plc.

If you require further information as to which companies in the Aviva group hold
interests in the shares (by virtue of s203 of the Act) please submit a written
request and we will be happy to supply this information.

We are only required to notify interests which are defined as material interests
when the holding is equal to 3% or more of the company's relevant share capital.
The term material interests exclude certain categories where we do not hold a
beneficial interest, for example where the shares are held in an Authorised Unit
Trust Scheme or Open Ended Investment Company. Holdings in those categories are
therefore not included in the holding notified under this letter. If you wish us
to confirm the level of holdings in these categories please let us know.


Appendix - Morley Fund Management Limited

Registered holders                         Number of shares held

BNY Norwich Union Nominees Limited                  331,973        (Material)
Chase Nominees Limited                               22,669        (Material)
Chase GA Group Nominees Limited                   1,938,964        (Material)
CUIM Nominee Limited                                416,757        (Material)
RBSTB Nominees Limited                                5,231        (Material)

Total percentage interest of Morley Fund Management Limited: 3.20%
Issued share capital on which this notification is based: 84,930,253

Appendix - Aviva plc

Registered holders                         Number of shares held

BNY Norwich Union Nominees Limited                  331,973        (Material)
Chase Nominees Limited                               22,669        (Material)
Chase GA Group Nominees Limited                   1,938,964        (Material)
CUIM Nominee Limited                                416,757        (Material)
RBSTB Nominees Limited                                5,231        (Material)

Total percentage interest of Morley Fund Management Limited: 3.20%
Issued share capital on which this notification is based: 84,930,253

End

31 March 2004


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