Holding in Company

SIG PLC
17 October 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 IN 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     2,481,337
CHASE GA GROUP NOMINEES LTD        1,766,191
CUIM NOMINEE LTD                   1,548,915
RBSTB NOMINEES LTD                   104,491

                    TOTAL          5,900,934
                                    
5)   Number of shares/amount of stock acquired.

NOT DISCLOSED

6)   (NOT DISCLOSED %) of issued Class

7)   Number of shares/amount of stock disposed

650,000

8)   (0.5481%) of issued Class

9)   Class of security

ORDINARY SHARES OF 10P EACH

10)  Date of transaction

15TH OCTOBER 2001

11)  Date company informed

17 OCTOBER 2001

12)  Total holding following this notification

5,900,934
               
13)  Total percentage holding of issued class following this notification

4.9763%

14)  Any additional information

TOTAL ISSUED ORDINARY SHARES OF 10P EACH OF SIG PLC IS:   118,580,810

15)  Name of contact and telephone number for queries

MR J R SWYNNERTON
COMPANY SECRETARY
TEL: [phone]

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

     Date of Notification    17 OCTOBER 2001