Holding(s) in Company

Hornby PLC
05 March 2004

Hornby Plc ('Hornby' or the 'Company')

5 March 2004

Holdings in Company

On 5 March 2004, the Company was informed that Scottish Widows Investment
Partnership Ltd is interested in 373,268 ordinary shares of 5p each. Of this
interest, 340,318 shares are material interests, which represent 4.60% of the
relevant share capital, and constitutes a notifiable interest for the purposes
of Part VI of the Companies Act 1985.

These shareholdings are registered in the names of:

                                                                        Number of shares
State Street Nominees Ltd A/C XBY2                                           77,630
State Street Nominees Ltd A/C W32L                                           23,480
State Street Nominees Ltd A/C W33H                                           65,334
State Street Nominees Ltd A/C XBJ2                                           75,788
State Street Nominees Ltd A/C XBY4                                           41,294
State Street Nominees Ltd A/C W39N                                           17,158
State Street Nominees Ltd A/C XBK6                                           39,634
TOTAL                                                                       340,318

This notification is made on behalf of Lloyds TSB Group plc, Lloyds TSB Bank Plc
and Scottish Widows Group Limited who are deemed to be interested in these
shares as, like Scottish Widows Investment Partnership, they are all companies
within the Lloyds TSB Group of Companies.

For further information please contact John Stansfield: 01843 233 505


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