Holding(s) in Company

TBI PLC
24 December 2003



                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     TBI PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     DEUTSCHE BANK AG

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

     SEE BOX 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     NOT STATED

5)   Number of shares/amount of stock acquired.

     UNKNOWN

6)   Percentage of issued Class

     -

7)   Number of shares/amount of stock disposed

     UNKNOWN

8)   Percentage of issued Class

     -

9)   Class of security

     ORDINARY 10 PENCE SHARES

10)  Date of transaction

     UNKNOWN

11)  Date company informed

     23 DECEMBER 2003

12)  Total holding following this notification

     45,951,608
               
13)  Total percentage holding of issued class following this notification

     8.22%

14)  Any additional information

     SEE LETTER BELOW FROM DEUTSCHE BANK AG

15)  Name of contact and telephone number for queries

     ROGER CLIFTON,  0207 408 7300

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

     Date of Notification ....24/12/2003....


LETTER TO: TBI PLC
DATED:     23 DECEMBER 2003

Disclosure of interests in shares

Further to our letter of 7 October 2003, and in accordance with Section 198-202 
of the UK Companies Act 1985, we are writing on behalf of Deutsche Bank AG to 
inform you that on the basis that the relevant issued share capital of your 
company is 558,894,921 ordinary shares, Deutsche Bank AG, London have a 
notifiable interest in 45,951,608 ordinary shares of TBI Plc, amounting to 
8.22%. Part of this holding may relate to hedging arrangements for customer 
transactions.

Deutsche Bank AG is a corporation domiciled in Frankfurt, Germany.

If you require any further information concerning this notification, please 
contact Cheryl Slater or David Lindsay in the Compliance Department of Deutsche 
Bank AG London.



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