Holding(s) in Company

3i Group PLC
22 November 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company
3i Group plc

2. Name of shareholders having a major interest
Scottish Widows Investment Partnership Ltd, Lloyds TSB Group plc, Lloyds TSB 
Bank plc and Scottish Widows Group Limited, all being companies within the 
Lloyds TSB Group of Companies.

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
In respect of those named in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
                                                         REGISTERED HOLDER                                SHARES
Scottish Widows Investment                                                                            23,945,591
Partnership Limited
                                      State Street Nominees Ltd A/C XBY2                               2,389,141
                                      State Street Nominees Ltd A/C XBY3                                  92,235
                                      State Street Nominees Ltd A/C W36A                                 454,049
                                      State Street Nominees Ltd A/C W32L                                 836,055
                                      State Street Nominees Ltd A/C W3L2                                  55,035
                                      State Street Nominees Ltd A/C W33H                               2,683,288
                                      State Street Nominees Ltd A/C XBJ2                               3,169,780
                                      State Street Nominees Ltd A/C W3J3                               1,543,000
                                      State Street Nominees Ltd A/C W3I8                                  67,319
                                      State Street Nominees Ltd A/C XBP7                                 241,757
                                      State Street Nominees Ltd A/C XBY4                               1,224,511
                                      State Street Nominees Ltd A/C W39Q                                  63,992
                                      State Street Nominees Ltd A/C XBY5                                  33,000
                                      State Street Nominees Ltd A/C W39N                                 378,312
                                      State Street Nominees Ltd A/C W36U                               1,435,163
                                      State Street Nominees Ltd A/C XBK6                               1,516,881
                                      State Street Nominees Ltd A/C XBS8                                   8,903
                                      State Street Nominees Ltd A/C W39F                               7,753,170

 5. Number of shares / amount of stock acquired
not known

6. Percentage of issued class
not known

7. Number of shares / amount of stock disposed
not known

8. Percentage of issued class
not known

9. Class of security
Shares of 50p each

10. Date of transaction
not known

11. Date company informed
22 November 2004

12. Total holding following this notification
23,945,591

13. Total percentage holding of issued class following this notification
3.900%

14. Any additional information
Scottish Widows Investment Partnership Ltd is also interested in a further 
3,523,174 shares which do not constitute a material interest.

15. Name of contact and telephone number for queries
June Webb - 020 7975 3530

16. Name and signature of authorised company official responsible for making
this notification
Sabina Dawson, Assistant Company Secretary

Date of notification
22 November 2004




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