Holding(s) in Company

Shanks Group PLC
31 January 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     SHANKS GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     FMR CORP. AND FIDELITY INTERNATIONAL LIMITED

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

     NON BENEFICIAL

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

     SEE BELOW

5)   Number of shares held

     9,500,985

6)   ( 4.07 %) of issued Class

7)   Number of shares/amount of stock disposed

     N/A

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 10P

10)  Date of transaction

     30/1/02

11)  Date company informed

     31/1/02

12)  Total holding following this notification

     9,500,985
               
13)  Total percentage holding of issued class following this notification

     4.07%

14)  Any additional information

     ON BEHALF OF VARIOUS DIRECT AND INDIRECT SUBSIDIARIES OF F. INT LTD AND 
     NOTIFIABLE INTEREST ALSO COMPRISE NOTIFIABLE INTEREST OF MR EDWARD C 
     JOHNSTON 3RD PRINCIPAL SHAREHOLDER OF F. INT. LTD

15)  Name of contact and telephone number for queries

     R CARTWRIGHT    TREASURER
     TEL [phone]

16)  Name and signature of authorised company official responsible for 
     making this notification   D DOWNES   DIRECTOR

     Date of Notification ...31/01/2002.....................



Schedule A                                                  Amendment No 1


Security: Shanks Group Plc

                                MANAGEMENT 
                   SHARES HELD     COMPANY        NOMINEE/REGISTERED NAME
(Ordinary Shares)
     
                       85,600         FMTC         State Street Nominees Ltd
                       23,200         FMTC         Brown Brothers Harriman
                    5,676,264         FISL         Chase Nominees Ltd
                      941,750         FPM          RBS Trust Bank
                      157,600         FPM          Nortrust Nominees Ltd
                       88,800         FPM          BT Globenet Nominees Ltd
                      157,400         FPM          Citibank
                      446,337         FPM          Bank of New York Europe
                      212,654         FPM          Bank of New York London
                      269,700         FIL          Nortrust Nominees Ltd
                      717,300         FIL          RBS Trust Bank
                      128,580         FIL          Chase Nominees Ltd
                      158,600         FIL          Bankers Trust
                      122,600         FIL          Citibank
                      130,900         FIL          Bank of New York Europe
                      183,700         FIL          Northern Trust



Total Ordinary 
Shares              9,500,985

Current ownership 
percentage:              4.07%

Shares in issue:  233,699,070

Change in 
holdings since 
last filing:       +2,175,429 ordinary shares
     


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