Holding(s) in Company

De La Rue PLC
20 May 2003


De La Rue plc
25p Ordinary Shares


The Company on 19 May 2003 received a letter dated 19 May 2003 from Schroder
Investment Management Limited giving notice that, pursuant to s198 Companies Act
(as amended) by the Disclosure of Interest in Shares (Amendment) Regulations
1993, their interest in the Ordinary Shares of 25p each of the Company is as
follows:


'Schroder Investment Management Limited have an interest in 27,717,662 shares
which are held in portfolios managed by us on a discretionary basis for clients
under investment management agreements.


Included in this figure are:

(i)   8,873,454 shares registered or to be registered in the name of our
      wholly-owned subsidiary nominee company, Schroder Nominees Limited
      (Schroder Nominees),

(ii)  7,026,444 shares held in (a) unit trusts(s) operated and managed by an
      affiliated company, Schroder Unit Trusts Limited (SUTL), and registered or
      to be registered in the name of Chase Nominees Limited, and

(iii) 11,817,764 shares neither registered nor to be registered in the name of
      Schroder Nominees or Chase Nominees Limited. The registration details are
      shown on the Schedule below.


An affiliated company, Schroder Investment Management North America Inc (SIMNA
Inc), is managing (a) portfolio(s) on a similar basis holding a further
1,050,000 shares. These shares are registered or to be registered in the name of
Chase Nominees Limited.


Schroder Investment Management Limited and its subsidiary and affiliated
companies are therefore interested in an overall aggregate of 28,767,662 shares,
representing some 15.826% of the total number of shares in issue, namely
181,771,692.


Schedule


De La Rue plc - 25p Ordinary Shares

Registration                                                            Amount
Banque Nationale de Paris                                               11,044
Brown Brothers Harriman Va                                              17,851
Bermuda Trust (Far East Limited)                                         6,214
Chase Nominees Limited a/c: 03886                                      520,915
Chase Nominees Limited                                                 787,617
Chase Manhattan Bank                                                    36,203
Mineworkers' Pension Scheme a/c: R                                     490,392
MSS Nominees Limited a/c: 756593                                       137,465
State Street Nominees Limited                                          133,100
Nutraco Nominees Ltd a/c: GWPPMPS                                      180,281
RBSTB Nominees Ltd a/c: LAUR                                            19,600
HSBC Bank International a/c: 10096301                                   95,500
British Coal Staff Superannuation a/c: P                               596,742
State Street Nominees Limited a/c: 5H57                                663,692
Mellon Nominees (UK) Limited                                           329,200
Morgan Nominees Ltd: B a/c                                             412,970
Morgan Nominees Ltd: A a/c                                              13,764
Morgan Nominees Ltd                                                    565,615
Nutraco Nominees Ltd                                                   182,071
Bank of New York                                                       551,000
MSS Nominees Limited a/c: 809803                                       133,717
MSS Nominees Limited a/c: 809797                                       335,062
MSS Nominees Limited a/c: 831286                                     1,069,829
RBSTB Nominees Ltd                                                     160,057
BT Globenet Nominees Ltd a/c: 6B                                       945,125
Nortrust Nominees Limited                                            3,422,738

                                                      Total         11,817,764



Enquiries:

Stephen King, Finance Director                            01256 605 321
Mark Fearon, Head of Corporate Affairs                    01256 605 303



20 May 2003






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