Holding in Company

Paterson Zochonis PLC
5 January 2001


Letter to Company Announcements Office

This is to inform you that the company received notification, today, from
Phillips & Drew Life Limited, under section 198 of the Companies Act 1985, that
they no longer have a notifiable interest in the Ordinary 10p share capital of
Paterson Zochonis plc.

Letter from Paterson Zochonis plc