Holding(s) in Company

Torex Retail PLC
08 October 2004


                        Torex Retail plc (the 'Company')


                               Holding in Company



The Company was informed on 7 October 2004 by Schroder Investment Management
Limited ('Schroder') that it is interested in 21,543,671 ordinary shares of 1p
each in the Company ('Ordinary Shares'), representing 12.85 per cent. of the
Company's current total issued ordinary share capital of 167,580,844 Ordinary
Shares.


The above holding includes 17,193,671 Ordinary Shares held by Schroder Unit
Trusts Limited, an affiliated company of Schroder, held under the registered
name Chase Nominees Limited. The remaining 4,350,000 Ordinary Shares are held
under the following registered names;

Registered Name                                                       Holding

Mineworkers Pension Scheme a/c: R                                      843,750
British Coal Staff Superannuation Scheme                               843,750
Chase Nominees Limited                                                 562,500
Nortrust Nominees Limited                                            2,100,000


The Company was further informed on 8 October 2004 by Schroder that, following a
purchase of 500,000 Ordinary Shares its interest had changed to 22,043,671
Ordinary Shares representing 13.15 per cent. of the Company's current total
issued ordinary share capital ('New Holding').


The New Holding includes 17,193,671 Ordinary Shares held by Schroder Unit Trusts
Limited, an affiliated company of Schroder, held under the registered name Chase
Nominees Limited. The remaining 4,850,000 Ordinary Shares are held under the
following registered names;

Registered Name                                                       Holding

Mineworkers Pension Scheme a/c: R                                    1,031,250
British Coal Staff Superannuation Scheme                             1,031,250
Chase Nominees Limited                                                 687,500
Nortrust Nominees Limited                                            2,100,000


8 October 2004






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