Holding(s) in Company

Govett Strategic Trust plc
24 November 2003

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     GOVETT STRATEGIC TRUST PLC.


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ALLIANZ AG AND ITS SUBSIDIARIES INCLUDING MERCHANT INVESTORS ASSURANCE
     COMPANY


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 IN 2.


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

     NOT ADVISED.


5)   Number of shares/amount of stock acquired.

     N/A


6)   Percentage of issued Class

     N/A

7)   Number of shares/amount of stock disposed

     1,000,000

8)   Percentage of issued Class

     1.51%

9)   Class of security

     ORDINARY 1P SHARES


10)  Date of transaction
                            
     18/11/03


11)  Date company informed

     24/11/03


12)  Total holding following this notification

     2,625,000

               
13)  Total percentage holding of issued class following this notification

     3.965%


14)  Any additional information

     -


15)  Name of contact and telephone number for queries

     STACEY LONGMAN
     020 7940 5737


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

     Date of Notification ........................24/11/03


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