Holding(s) in Company

Zotefoams PLC
17 February 2004


                         Zotefoams plc ('the Company')
                               Holding in Company

The Company was notified on 17 February 2004 by UBS Global Asset Management that
UBS Global Asset Management Life Ltd and UBS Global Asset Management Holding
(No.2) Ltd no longer have a notifiable interest in the Company's issued ordinary
share capital.

17 February 2004


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