Holding(s) in Company

28 June 2004

The Taverners Trust PLC

Notifiable Holding

The Taverners Trust PLC ("the Company") has today been notified that Quilter &
Co Ltd and its subsidiaries are interested in 2,825,000 Ordinary 25p shares,
representing 17.73% of the issued share capital.

The breakdown is as follows:

Registered holder        Number of       Percentage of
                         shares          issued share
                                         cap.
State Street Bank and    2,675,000       16.79%
Trust Company
Morgan Stanley Quilter   150,000         0.94%
Nominees Ltd