Holding(s) in Company

TBI PLC
25 November 2004



                           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

      25 NOVEMBER 2004

12)  Total holding following this notification

      39,616,713
               
13)  Total percentage holding of issued class following this notification

      7.08%

14)  Any additional information

      SEE 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 ...25 NOVEMBER 2004.......


Letter to TBI plc

Disclosure of interests in shares

Further to our letter of 28 January 2004, 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 558,925,576 ordinary shares, Deutsche Bank AG, London have a
notifiable interest in 39,616,713 ordinary shares of TBI Plc, amounting to
7.09%.  Part of this holding may relate to hedging arrangements for customer
transactions.

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


Letter from Deutsche Bank AG London




                      This information is provided by RNS
            The company news service from the London Stock Exchange

  ND

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