Holding(s) in Company

Bunzl PLC
24 December 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


BUNZL PLC



2. Name of shareholder having a major interest


SCOTTISH WIDOWS INVESTMENT PARTNERSHIP LTD



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


SCOTISH WIDOWS INVESTMENT PARTNERSHIP LTD ON BEHALF OF LLOYDS TSB GROUP PLC, 
LLOYDS TSB BANK PLC AND SCOTTISH WIDOWS GROUP LTD



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


REGISTER HOLDER                               AMOUNT

STATE STREET NOMINEES LTD A/C XBY2         1,793,600
STATE STREET NOMINEES LTD A/C XBY3           222,994
STATE STREET NOMINEES LTD A/C W36A           307,251
STATE STREET NOMINEES LTD A/C W32L           726,353
STATE STREET NOMINEES LTD A/C W3L2            34,734
STATE STREET NOMINEES LTD A/C W33H         2,065,791
STATE STREET NOMINEES LTD A/C XBJ2         2,329,927
STATE STREET NOMINEES LTD A/C XBK2           560,900
STATE STREET NOMINEES LTD A/C XBJ3            68,885
STATE STREET NOMINEES LTD A/C W3J3           865,659
STATE STREET NOMINEES LTD A/C W3I8            46,211
STATE STREET NOMINEES LTD A/C XBP7           286,134
STATE STREET NOMINEES LTD A/C XBY4           949,200
STATE STREET NOMINEES LTD A/C W39Q            47,604
STATE STREET NOMINEES LTD A/C XBY5            51,358
STATE STREET NOMINEES LTD A/C W32Z            89,500
STATE STREET NOMINEES LTD A/C W39N           611,283
STATE STREET NOMINEES LTD A/C W36U           735,676
STATE STREET NOMINEES LTD A/C XBK6         1,169,619
STATE STREET NOMINEES LTD A/C XBS8            11,912
STATE STREET NOMINEES LTD A/C W39F         5,685,489
STATE STREET NOMINEES LTD A/C W39J            59,900

                                         ___________

                                          18,719,980

                                         ===========





5. Number of shares / amount of stock acquired


120,748 since last notification



6. Percentage of issued class


0.026%



7. Number of shares / amount of stock disposed


N/A



8. Percentage of issued class


N/A



9. Class of security


ORDINARY SHARES OF 25P



10. Date of transaction


N/A






11. Date company informed


24 DECEMBER 2002



12. Total holding following this notification


18,719,980



13. Total percentage holding of issued class following this notification


4.010%



14. Any additional information


N/A



15. Name of contact and telephone number for queries


MRS C MEYER, 020-7495-4950



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


P N HUSSEY, COMPANY SECRETARY



Date of notification


24 DECEMBER 2002



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for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
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