Holding in Company

Peel Hldgs PLC
21 July 2000


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

Peel Holdings p.l.c. (the 'Company')
Section 198 Companies Act 1985 (the 'Act')

The Company has received notifications of the following interests in the issued
ordinary shares of 25p each in the capital of the Company pursuant to the
disclosure requirements under section 198(5) of the Act.

1. Tokenhouse Holdings Limited has beneficial interest in 41,677,682 ordinary
shares which equates to 67.0% of the issued ordinary share capital. These shares
are registered in the name of Rothschild Nominees Limited which also has an
interest in them.

2. The Olayan Group (collectively on behalf of Crescent Holding GmbH, Competrol
(Luxembourg) S.a.r.l., Competrol Establishment, Olayan Investments Company
Establishment and Mrs S S Olayan) has an interest in 16,620,000 ordinary shares
which equates to 26.7% of the issued ordinary share capital. These shares are
registered in the name of HSBC Global Custody Nominees (UK) Limited.

LETTER FROM: PEEL HOLDINGS PLC


LETTER TO: PEEL HOLDINGS PLC
DATED 20TH JULY

Peel Holdings plc (the 'Company')
Section 198 Companies Act 1985 (the 'Act')

This notification relates to issued ordinary shares of 25p each in the capital
of the Company (the 'shares') and is given in fulfilment of the obligations
imposed by sections 198 to 202 of the Act.

We are writing on behalf of each of:

Crescent Holding GmbH;
Competrol (Luxembourg) S.a.r.l.;
Competrol Establishment;
Olayan Investments Company Establishment; and
Mr. Suliman S Olayan (collectively the 'Olayan Group')

to notify you that immediately after the time when the obligation to make this
notification arose each member of the Olayan Group was interested in an
aggregate of 16,620,000 shares.

The shares to which this notification relates are registered in the name of HSBC
Global Custody Nominees (UK) Limited, as nominee for HSBC Bank plc, Crescent's
custodian.

So far as was known at the date of this notification, the interests in the share
capital to which this notification relates are not such interests as are
mentioned in s.208(5) of the Act.

LETTER FROM: OLAYAN EUROPE LIMITED


LETTER TO: PEEL HOLDINGS PLC
DATED 18 JULY 2000

Pursuant to The UK Companies Acts Disclosure Requirements, we hereby confirm
that Tokenhouse Holdings Limited has a beneficial interest in 41,677,682 shares
in Peel Holdings plc which equates to 66.91% of the issued share capital of Peel
Holdings plc with full voting rights. We can also confirm that Rothschild
Nominees Limited also has a notifiable interest in such shares.

LETTER FROM: TOKENHOUSE HOLDINGS LIMITED