Holding in Company

Fairey Group PLC
23 January 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     FAIREY GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SCHRODER INVESTMENT MANAGEMENT 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 INTEREST IN SHARES HELD IN PORTFOLIOS MANAGED ON
     DISCRETIONARY BASIS ON BEHALF OF CLIENTS UNDER INVESTMENT MANAGEMENT
     AGREEMENTS.

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/amount of stock acquired.

     NOT KNOWN

6)   (NOT KNOWN %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT KNOWN

8)   (NOT KNOWN %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 5P

10)  Date of transaction

     NOT KNOWN

11)  Date company informed

     23RD JANUARY 2001

12)  Total holding following this notification

     13,411,122
               
13)  Total percentage holding of issued class following this notification

     12.007%

14)  Any additional information



15)  Name of contact and telephone number for queries

     DELORES CAMERON           01784 470470

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

     Date of Notification .......23RD JANUARY 2001.................




                                5P ORDINARY SHARES
                                     SCHEDULE

REGISTRATION                                                      AMOUNT

BANQUE INTERNATIONALE LUXEMBOURG                                  58,067
BANQUE NATIONALE DE PARIS                                         10,000
BRITISH COAL STAFF SUPERANNUATION SCHEME (CLIENT)                839,540
 NOMINEES LTD A/C P
BT GLOBENET NOMINEES LTD A/C 6B                                  175,000
CHASE MANHATTAN BANK                                             185,135
CHASE NOMINEES LIMITED                                            15,900
DEN DANSKE                                                        11,400
MSS NOMINEES LTD A/C 767412                                       42,000
HSBC GLOBAL CUSTODY NOMINEES LTD A/C 771401                       51,916
MINEWORKERS PENSION SCHEME (CLIENT) NOMINEES LTD A/C R           438,004
MORGAN NOMINEES LTD A/C: A                                         8,400
MORGAN NOMINEES LTD A/C: B                                       194,250
MSS NOMINEES LTD A/C 759371                                       30,625
MSS NOMINEES LTD A/C 756593                                       81,000
MSS NOMINEES LTD A/C 809955                                      137,666
MSS NOMINEES LTD A/C 831286                                      382,819
NORTRUST NOMINEES LIMITED                                        584,831
NORTRUST NOMINEES LTD A/C SRC13                                   33,833
NUTRACO NOMINEES LTD                                             145,833
RBSTB NOMINEES LTD                                                58,399
RBSTB NOMINEES LTD A/C AAUKPS                                     58,333
SCHRODER EXECUTOR & TRUSTEE CO. LIMITED                          140,000
STATE STREET NOMINEES LIMITED                                    133,000
DEUTSCHE BANK                                                     39,500
NETWORK NOMINEES (SIX) LIMITED                                   200,000
PICTET AND CIE                                                     9,455

                                                               4,064,906
                                                               ---------
HELD BY SCHRODER OFFICES ABROAD
HONG KONG                                                         24,714
                                                               ---------
                                           OVERALL TOTAL:      4,089,620
                                                               =========


                                                               4,089,620
SCHRODER UNIT TRUSTS LIMITED (SUTL)                            1,855,853
SCHRODER NOMINEES LIMITED (SCHRODER NOMINEES)                  6,193,261
SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA LIMITED              73,422
(SIMNA) LTD
SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC.              1,047,677
SCHRODER HERMES                                                  151,289
                                                              ----------
                                                              13,411,122
                                                              ==========