Re Holding in Company

Glencar Mining PLC
10 August 2000



A letter to Glencar Mining Plc from Standard Life Investments dated 9 August
2000.  Received  by the Irish Stock Exchange 10 August 2000.

Glencar Mining  Ord IEP 0.025 Shares

I write to inform you of Standard Life Group's interest in the above stock. 
The total held as a material interest is 9,638,821 shares, being 9.855% of the
issued stock of that class.

     No of Shares Held                     Registered Name
        9,638,821                      Stanlife Nominees Limited 

Rosemary O'Neill
Corporate Actions Team Leader
Standard Life