Holding in Company

Headlam Group PLC
12 January 2001

Headlam Group plc - DISCLOSURE OF INTEREST IN SHARES

Headlam Group plc announces that the notification made yesterday with regard
to Schroder Investment Management increasing their notifiable interest should
actually have stated that the notification was received on 10 January 2001.

In addition, Headlam Group plc announces that on 11 January 2001 it received
the following further notification in respect of notifiable interests in the
ordinary voting shares of 5p of the company.

We write to advise you that we, Schroder Investment Management Limited, have
an interest in 16,025,000 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. 13,125,000 shares held in (a) unit trust(s) operated and managed by
        another wholly-owned subsidiary, Schroder Unit Trusts Limited (SUTL),
        and registered or to be registered in the name of Chase Nominees
        Limited

    ii. 2,900,000 shares neither registered nor to be registered in the name
        of Schroder Nominees Limited. The registration details are shown
        below;

Registration                                                   Amount

Imperial Pensions Nominees Limited                             1,400,000
Network Nominees (six) Limited                                 550,000
Nortrust Nominees Limited                                      950,000
TOTAL                                                          2,900,000



Another affiliated company, Schroder Hermes, is managing 129,459 shares in (a)
portfolio(s) on a passive (index tracker) basis for clients under investment
management agreements. These shares are registered or to be registered in the
name of Chase Nominees Limited.

We believe that we and our subsidiary and affiliated company are therefore
interested in an overall aggregate of 16,154,459 shares, representing some
19.301% of the total number of shares in issue, namely 83,695,800.

This notification is made to you:-


     a. in respect of our interest as investment managers and also by virtue of
        the fact that we are the parent company of SUTL,

     b. on behalf of SUTL in relation to the interests they are treated as
        having respectively under the Companies Act 1985 (the Act), and

     c. on behalf of Schroders plc., our holding company, which is treated as
        having an interest in all of the above shares under the Act by virtue
        of its ownership of ourselves.



End