Holding in Company

Smith(David S)(Holdings) PLC
6 November 2000


TO: COMPANY ANNOUNCEMENTS OFFICE

We write to advise you that Phillips & Drew have notified the Company that UBS
Asset Management Limited, Phillips & Drew Life Limited, UBS Asset Management
International Limited, and UBS Asset Management Holding (No. 2) Limited no
longer have a notifiable interest in the ordinary 10p share capital of the
Company.

FROM: STUART RUSSELL - COMPANY SECRETARY