Holding in Company

Shanks Group PLC
23 July 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

     Shanks Group plc


2) Name of shareholder having a major interest


     Scottish Widows Investment Partnership Ltd.


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 Lloyds TSB Group plc, Lloyds TSB Bank plc and Scottish
Widows

Group Ltd which are all companies within the Lloyds TSB Group of Companies


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

        State Street Nominees Ltd A/C XBY2                    2,220,348

        State Street Nominees Ltd A/C W32L                     535,611

        State Street Nominees Ltd A/C W33H                    1,284,589

        State Street Nominees Ltd A/C XBJ2                    1,487,737

        State Street Nominees Ltd A/C W318                     27,521

        State Street Nominees Ltd A/C XBY4                    1,369,863

        State Street Nominees Ltd A/C XBK6                    1,065,400

        State Street Nominees Ltd A/C W39N                     637,800

        State Street Nominees Ltd A/C W39F                    5,586,141



        TOTAL                                         14,215,010 6.096%


5) Number of shares/amount of stock      HELD

6) Percentage of issued class 6.096%

7) Number of shares/amount of stock disposed N/A

8) Percentage of issued class N/A

9) Class of security Ordinary 10p Shares

10) Date of transaction see 14) below

11) Date company informed 23 July 2001

12) Total holding following this notification 14,215,010


13) Total percentage holding of issued class following this notification
6.096%

14) Any additional information Notification following the aggregation of the

funds of Hill Samuel Asset Management Ltd and the funds of Scottish

Widows Investment Partnership Ltd.


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 P Kaye

Date of notification 23 July 2001