Holding(s) in Company

Hornby PLC
21 September 2004

Hornby Plc (the 'Company')

Holding in Company

On 21 September, the Company was informed that Scottish Widows Investment
Partnership Ltd is interested in 1,728,840 ordinary shares of 1p each. Of this
interest, 1,575,390 shares are material interests, which represent 4.24% 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 A/C XBY2                                      358,250
State Street Nominees A/C W32L                                      112,400
State Street Nominees A/C W33H                                      304,170
State Street Nominees A/C XBJ2                                      349,040
State Street Nominees A/C XBY4                                      187,670
State Street Nominees A/C W39N                                       84,490
State Street Nominees A/C XBK6                                      179,370

Total                                                             1,575,390

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 233505

Date of notification: 21 September 2004




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