Holding(s) in Company

Arbuthnot Banking Group PLC
16 January 2006

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

ARBUTHNOT BANKING GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

LOWLAND INVESTMENT COMPANY PLC

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

AS 2 ABOVE

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

BNY (OCS) NOMINEES LIMITED 
LOWL ACCT

5)   Number of shares/amount of stock acquired.



6)   Percentage of issued Class (any treasury shares held by company should not
     be taken into account when calculating percentage)


7)   Number of shares/amount of stock disposed

81,680

8)   Percentage of issued Class (any treasury shares held by company should not
     be taken into account when calculating percentage)

0.57%

9)   Class of security

ORDINARY 1P SHARES

10)  Date of transaction

11 JANUARY 2006

11)  Date company informed

16 JANUARY 2006

12)  Total holding following this notification

420,000
               
13)  Total percentage holding of issued class following this notification (any 
     treasury shares held by company should not be taken into account when 
     calculating percentage)

2.95%

14)  Any additional information



15)  Name of contact and telephone number for queries

J.R. KAYE
020 7012 2430

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

     Date of Notification .............  16 JANUARY 2006 ...........






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