Holding(s) in Company

Whitbread PLC 12 January 2004 LETTER TO: WHITBREAD PLC DATED: 9 JANUARY 2004 NOTIFICATION OF INTEREST(S) IN SHARES UNDER SECTION 198 COMPANIES ACT 1985 ('THE ACT') This notification supersedes any previous notification from AXA Investment Mangers UK Ltd. We are writing on behalf of AXA S.A. of 25 Avenue Matignon, 75008 Paris and its Group Companies who are deemed to have an interest in these shares. AXA S.A. knows that they were interested in 50,730,888 ord 50p shares in the 296,698,378 share capital immediately after the time when the obligation of disclosure arose pursuant to section 198 of the Act. These shares represent a beneficial interest of 5,850,327 shares (1.97%), and a non-beneficial interest of 44,880,561 shares (15.13%). The identity of each registered holder of the shares to which this notice relates, so far as known to AXA Investment Mangers UK Ltd, as at 08/01/04, is as per the attached Appendix. LETTER FROM: AXA INVESTMENT MANAGERS DISCLOSURE OF INTEREST IN SHARES OF APPENDIX - NOTICE UNDER SECTION 198 0F THE COMPANIES ACT 1985 Whitbread Ordinary plc ord GBP 0.50 shares Total number of shares held as at 08/01/04 was 50,730,888 the breakdown of which is set out below: Name of the Number of Particulars of Registered as Company/Fund Shares Beneficial owners AXA UK Investment Co ICVC 28,279 Trustees of AXA UK Investment Chase Nominees Ltd Global Distribution Fund Co ICVC a/c 17336 (Non-Beneficial) Global Distribution Fund AXA UK Investment Co ICVC 52,277 Trustees of AXA UK Investment Chase Nominees Ltd Global Growth Fund Co ICVC a/c 17260 (Non-Beneficial) Global Growth Fund Sun Life Pensions 75,000 Sun Life Pensions Management Ltd HSBC Global Custody Nominee Management Ltd A/c X (UK)Limited (Beneficial) a/c 867530 Sun Life Assurance Society Plc 1,328,460 Sun Life Assurance Society Ltd HSBC Global Custody Nominee (Beneficial) (UK) Limited a/c 776934 Sun Life Unit Assurance Ltd 618,000 Sun Life Unit Assurance Ltd HSBC Global Custody Nominee A/c X (UK) Limited (Beneficial) a/c 867116 Sun Life Unit Assurance Ltd 300,000 Sun Life Unit Assurance Ltd HSBC Global Custody Nominee A/c X (UK) Limited (Beneficial) a/c 867220 Sun Life Unit Assurance Ltd 381,000 Sun Life Unit Assurance Ltd HSBC Global Custody Nominee A/c X (UK) Limited (Beneficial) a/c 867268 Sun Life Unit Assurance Ltd 373,057 Sun Life Unit Assurance Ltd HSBC Global Custody Nominee A/c X (UK) Limited (Beneficial) a/c 867050 Sun Life Pensions 4,246 Sun Life Pensions Management Smith & Williamson Nominees Ltd Management Ltd Ltd a/c S66 (Beneficial) Sun Life Pensions 25,111 Sun Life Pensions Management BNY(OCS)Nominees Limited Management Ltd Ltd (Beneficial) AXA Colonia Konzem 627,664 (Registration details available (Beneficial) upon request) AXA Colonia Konzem 8,000 (Registration details available (Non - Beneficial) upon request) AXA Belgium 5,119 (Registration details available (Beneficial) upon request) Axa Sun Life plc 2,112,670 AXA Sun Life plc Axa Sun Life plc (frmly Axa Equity & Law (frmly Axa Equity & Law Life Assurance Society plc) Life Assurance Society plc) (Beneficial) AXA Ireland Pension Fund 2,894 AXA Ireland Pension Fund Chase Nominees Ltd (Non-Beneficial) a/c 21652 AXA Financial, Inc. 42,366,295 Bernstein (Non - Beneficial) AXA Financial, Inc 1,836,098 AXA Rosenberg (Non - Beneficial) AXA Financial, Inc* 586,718 Alliance Capital Management LP (Non - Beneficial) See note below Holding as % of Issued Capital Total Beneficial Interest 5,850,327 1.97% Total Non-Beneficial 44,880,561 15.13 Interest Total 50,730,888 17.10% *AXA FINANCIAL INCLUDES HOLDINGS FOR ALLIANCE CAPITAL MANAGEMENT LP Alliance Capital Management LP ('Alliance Capital') is an investment advisor registered under the Investment Advisors Act of 1940. Alliance Capital provides investment advisory services to corporate employee benefit plans subject to the Employee Retirement Income Security Act of 1974 ('ERISA'), public employee retirement systems, investment companies and separate accounts registered under the Investment Company Act of 1940. foundations, endowment funds, tax-exempt organizations, and other institutional investors and individuals. Alliance Capital manages investment assets on behalf of its clients which confers upon it, among other things, the right to vote on behalf of its clients. Under the federal securities laws, the right to vote or make investment decisions with respect to a security (even if such right is constrained by fiduciary duties and does not carry with it any pecuniary interest in the securities) is enough to confer beneficial ownership on the security on a person. Any shares deemed beneficially owned by Alliance Capital were acquired solely for investment purposes in the ordinary course and not for the purpose or intent of influencing control over the issuer. This information is provided by RNS The company news service from the London Stock Exchange

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