Holding(s) in Company

Petards Group PLC
23 March 2005


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.        Name of company

          Petards Group plc

2.        Name of shareholder having a major interest

          Allianz AG

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

           As above


5.        Number of shares/amount of stock acquired

           36,000,000


6.        Percentage of issued class

           5.78%


7.        Number of shares/amount of stock disposed

          10,000,000
           5,000,000

8.        Percentage of issued class

          Not disclosed

9.        Class of security

          Ordinary shares

10.       Date of transaction

          36,000,000 on 21 January 2005 (purchase)
          10,000,000 on 3 February 2005 (sold)
           5,000,000 on 18 February 2005 (sold)

11.       Date company informed

          24 February 2005

12.       Total holding following this notification

          21,000,000

13.       Total percentage holding of issued class following this notification

          3.37%

14.       Any additional information



15.       Name of contact and telephone number for queries
           Andrew Wonnacott 01932 788288


16.       Name and signature of authorised company official responsible for making this notification.
          Andrew Wonnacott, Finance Director


Date of notification: 23 March 2005


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