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

          Close Brothers Group 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.
           Close Beacon Investment Fund 25,000,000
          Close Brothers AIM VCT PLC 40,000,000
           Finsbury Technology Trust PLC 41,500,000
          Other Investment Funds 21,000,000
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

          Not disclosed

6.        Percentage of issued class

          N/A

7.        Number of shares/amount of stock disposed

          Not disclosed

8.        Percentage of issued class

          N/A

9.        Class of security

          Ordinary shares

10.       Date of transaction

          Not disclosed

11.       Date company informed

          22 February 2005

12.       Total holding following this notification

          127,500,000

13.       Total percentage holding of issued class following this notification

          20.46%

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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