Holding(s) in Company

Toad Group PLC
23 January 2004

                                 Toad Group Plc
                           ('Toad' or 'the Company')
                               Holding in Company

Professor Sir Christopher Evans has today informed Toad that he sold 2,500,000
ordinary shares in Toad and now holds 4,569,628 ordinary shares representing
5.8% of the issued share capital of the Company.



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