Holding in Company

Shanks Group PLC
3 August 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     SHANKS GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     CGNU 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

     ON BEHALF OF CGNU  PLC AND CERTAIN OF ITS SUBSIDIARIES

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

     MORLEY FUND MGT LTD                    5,156,000
     NORWICH UNION INVESTMENT MGT LTD       3,972,735
                                            ---------
                                            9,128,735

5)   Number of shares Held

     9,128,735

6)   (3.93 %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY 10p

10)  Date of transaction

     1/8/2000

11)  Date company informed

     3/8/2000

12)  Total holding following this notification

     9,128,735 
              
13)  Total percentage holding of issued class following this notification

     3.93%

14)  Any additional information



15)  Name of contact and telephone number for queries

     P KAYE - 01628-524523
     
16)  Name and signature of authorised company official responsible for 
     making this notification


     Date of Notification ....3/8/2000................