Holding(s) in Company

Molins PLC
7 January 2004



                     DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     MOLINS PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SCHRODER INVESTMENT MANAGEMENT LIMITED
     AND SUBSIDIARY AND ASSOCIATED COMPANIES 
     SCHRODERS PLC

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

     -

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

     FOR SCHRODER INVESTMENT MANAGEMENT LIMITED                         

     CHASE NOMINEES LIMITED                                   1,430,000 
     MINEWORKERS PENSION SCHEME A/C: R                        1,175,011 
     BRITISH COAL STAFF SUPERANNUATION A/C: P                 1,465,076 
     IMPERIAL PENSIONS NOMINEES LIMITED                         225,000 
     SCHRODER NOMINEES LIMITED                                  210,000 

     FOR SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC               
     CHASE NOMINEES LIMITED                                     800,350 
                                                              ---------
                                                              5,305,437
                                                              ---------
                                                            
5)   Number of shares/amount of stock acquired.

     -

6)   Percentage of issued Class
     -

7)   Number of shares/amount of stock disposed

     -
     
8)   Percentage of issued Class

9)   Class of security

     ORDINARY SHARES OF 25P EACH

10)  Date of transaction

     NOT ADVISED

11)  Date company informed

     07 JANUARY 2004

12)  Total holding following this notification

     5,305,437
               
13)  Total percentage holding of issued class following this notification

     26.4%

14)  Any additional information


15)  Name of contact and telephone number for queries

     ANDREW PENNYCUICK
     01908 219039

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

     Date of Notification      7 JANUARY 2004



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