Holding in Company

Fairey Group PLC
19 February 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

FAIREY GROUP plc

2) Name of shareholder having a major interest

MORLEY FUND MANAGEMENT LTD

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

THE SHAREHOLDER NAMED 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     1,912,813

CHASE GA GROUP NOMINEES LTD          2,094,040

CHASE GA PENSION NOMINEES LTD           155,166

CUIM NOMINEE LTD                     569,333

5) Number of shares/amount of stock acquired

NOT KNOWN

6) Percentage of issued class

NOT KNOWN

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

ORDINARY SHARES OF 5P

10) Date of transaction

NOT KNOWN

11) Date company informed

19 FEBRUARY 2001

12) Total holding following this notification

4,731,352


13) Total percentage holding of issued class following this notification

4.24%

14) Any additional information

NOTIFICATION ARISING FROM NOVATION OF FUNDS FROM NORWICH UNION INVESTMENT
MANAGEMENT LIMITED TO MORLEY FUND MANAGEMENT LIMITED, BOTH WHOLLY OWNED
SUBSIDIARIES OF CGNU PLC

15) Name of contact and telephone number for queries

CATHERINE STOPP

01784 470470

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

CATHERINE STOPP

DEPUTY COMPANY SECRETARY


Date of notification 19TH FEBRUARY 2000