Holding(s) in Company

Caffyns PLC
05 February 2004



For immediate release

We have been advised on the 3rd February 2004 by GAM London Limited on behalf of
GAM Exempt-UK Opportunities Fund that their beneficial interest in the ordinary
share capital of Caffyns plc has reduced to 84,000 ordinary shares, which is
2.9% of the ordinary share capital (previously 3.6%).

End




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