Holding in Company

SIG PLC
25 May 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

SIG PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

MORLEY FUND MANAGEMENT LIMITED ON BEHALF OF ALL COMPANIES WITHIN THE CGNU PLC
GROUP OF COMPANIES

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

AS 2 ABOVE

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

BNY NORWICH UNION NOMINEES LTD                      2,785,266
CHASE GA GROUP NOMINEES LTD                         2,764,530
CUIM NOMINEE LTD                                    1,486,139
RBSTB NOMINEES LTD                                    104,491
                                                    7,140,426


5)   Number of shares/amount of stock acquired.

NOT DISCLOSED

6)   ( N/A %) of issued Class

NOT DISCLOSED

7)   Number of shares/amount of stock disposed

NOT DISCLOSED

8)   ( N/A %) of issued Class

NOT DISCLOSED

9)   Class of security

10P ORDINARY SHARES

10)  Date of transaction

NOT DISCLOSED

11)  Date company informed

25TH MAY 2001

12)  Total holding following this notification


7,140,426               
              
13)  Total percentage holding of issued class following this notification

6.04%

14)  Any additional information

TOTAL ISSUED 10P ORDINARY SHARES OF SIG PLC IS:  118,277,185

15)  Name of contact and telephone number for queries

MR J.R. SWYNNERTON    SIG PLC     TEL: [phone]

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

     Date of Notification .25TH MAY 2001..............