Holding(s) in Company

Toad Group PLC
12 January 2004


                                 Toad Group Plc

                               Holding in Company

Professor Sir Christopher Evans has today informed Toad Group Plc that he sold
1,000,000 ordinary shares in Toad Group Plc and now holds 7,069,628 ordinary
shares representing 9.03% of the issued share capital.



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