Change of registration

Toad PLC
26 November 2001

Toad plc ('Toad ' or the 'Company')


The Company was notified on 23 November 2001 that there had been a change of
registration of 5,569,118 ordinary shares of 10p each in Toad (the 'Shares')
representing approximately 7.63 per cent. of the issued ordinary share capital
of the Company.


The Shares, formerly registered in the name of Abbotsford Limited, a company
owned by a trustee of The Solidum Trust, are now held directly by The Solidum
Trust.


26 November 2001


ENDS