Holding(s) in Company

Sage Group PLC
04 February 2004

Sage Group plc ('the Company')

DISCLOSURE OF INTEREST IN SHARES

The Company received notification on 3 February 2004 from Threadneedle Asset
Management Limited that, Zurich Financial Services and its group have a
notifiable interest in 42,942,983 Ordinary shares of 1p each, representing 3.35%
of the Company's issued share capital.

The holdings are registered in the following names :


Registered                           Account           Holding

BNY (OCS) Nominees Limited        A/c 219064         1,302,629

BNY (OCS) Nominees Limited        A/c 219059         1,087,958

Littledown Nominees Limited        A/c 09890           691,801
                                
Littledown Nominees Limited        A/c 07199           221,705

Littledown Nominees Limited        A/c 02642         1,300,000

Littledown Nominees Limited        A/c 21688         1,928,285

Littledown Nominees Limited        A/c 07205         1,704,822

Littledown Nominees Limited        A/c 02891        30,919,566

Littledown Nominees Limited        A/c 07207         3,786,217

TOTAL                                               42,942,983



Notes

Littledown Nominees Limited is a nominee for the ZFS Group subsidiaries: Allied
Dunbar Assurance plc, Eagle Star Insurance Company Ltd; Eagle Star Life
Assurance Company Ltd; Zurich Financial Services UK Pension Trustee Ltd; Eagle
Star Executives Pension Trustee Ltd; Eagle Star Securities Ltd; Sceptre Trust
Ltd; Home & Overseas Insurance Company Ltd. It is also a nominee for various
companies not within the ZFS Group.

BNY (OCS) Nominees Ltd is a nominee for the ZFS Group subsidiaries: Zurich
Insurance Company (UK) Ltd and Zurich International (UK) Ltd. It is also a
nominee for various companies not within the ZFS Group.

ZFS is Zurich Financial Services Ltd, a company incorporated in Switzerland.

This notification is made on behalf of:

Allied Dunbar Assurance plc;

Eagle Star Group Services Ltd, Zurich Financial Services UK Pension Trustee Ltd,
Eagle Star Life Assurance Company Ltd, Eagle Star Executives Pension Trustee
Ltd, and Eagle Star Holdings Ltd;

Zurich Insurance Company (UK) Ltd

Allied Zurich Holdings Ltd, Zurich Financial Services (UKISA) Ltd, Zurich Group
Holding, Zurich Insurance Company, and Allied Zurich plc the intermediate
holding companies of the aforementioned companies, and Zurich Financial
Services, their ultimate holding company.

The shares could be available for lending and this could lead to a short term
re-registration


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