Holding(s) in Company

Montpellier Group PLC
05 November 2004


                     MONTPELLIER GROUP PLC (the 'Company')

                              Holding in Company


The Company received notification yesterday, 4th November 2004, in accordance
with sections 198 to 202 of the Companies Act 1985, that as of close of business
on 1st October 2004, The Goldman Sachs Group, Inc ('GS Inc') was interested, by
attribution only, in a total of 1,850,500 Ordinary 10p shares in the Company,
representing 3.09% of the Company's issued ordinary share capital.

Of these 1,850,500 shares:

a)   The interest in 500 shares arose from an interest held by Goldman, Sachs & 
     Co., a wholly-owned direct subsidiary of GS Inc, acting as custodian for 
     its customers.  These shares are, or will be, registered in the name of 
     Goldman Sachs Securities (Nominees) Limited.

b)   The interest in 1,850,000 shares arose from a beneficial interest held by
     Goldman Sachs International, a wholly-owned indirect subsidiary of GS Inc.
     These shares are, or will be, registered at CREST in account CREPTEMP.


5 November 2004


Enquiries:

Montpellier Group Plc
Catherine Wright, Company Secretary                   020 7522 3200



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