Holding(s) in Company

Monks Investment Trust PLC
16 May 2003

                         The Monks Investment Trust PLC

                               Holding in Company

The Monks Investment Trust PLC has today been advised by Standard Life Group
that they have a material interest in 10,942,365 ordinary shares in the Company.

This represents 3.72% or the ordinary shares in issue.



                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                     16 May 2003


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