Holding in Company

Impax Group PLC
5 December 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

Impax Group plc

2)   Name of shareholder having a major interest

Swan Corporation Limited

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18


Shareholder named in 2

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them



5)   Number of shares/amount of stock acquired

256,983 Ordinary Shares

6)   Percentage of issued class

0.7%

7)   Number of shares/amount of stock disposed



8)   Percentage of issued class



9)   Class of security

Ordinary Shares

10)  Date of transaction

3 December 2001


11)  Date company informed

5 December 2001

12)  Total holding following this notification

(a) Pershing Keen Nominees Limited MSHL               921,983 Ordinary Shares

 (b)Northern & Midland Nominees Limited NAWS018     1,162,010 Ordinary Shares

 (c) RBSTB Nominees Limited SUNPEN                  4,456,763 Ordinary Shares

         Total                                      6,540,756 Ordinary shares

13)  Total percentage holding of issued class following this notification



Total 18.4%

14)  Any additional information



15)  Name of contact and telephone number for queries

G Butterfield, Company Secretary  01902 456767

16)  Name and signature of authorised company official responsible for
     making this notification
As in 15

     Date of notification: 5 December 2001