Holding in Company

St. Ives PLC
16 February 2001


Letter to St. Ives PLC
Dated 16 February 2001


10p ORDINARY SHARES ('SHARE')

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 13,125,801 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)  7,346,074 shares registered or to be registered in the name of our
     wholly-owned subsidiary nominee company, Schroder Nominees Limited
     (Schroder Nominees),

(ii) 807,429 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, and

(iii) 5,497,298 shares held in portfolios where the shares are not registered or
      to be registered in the name of Schroder Nominees or Chase Nominees 
      Limited.  The registration details are shown on the schedule below.

Another affiliated company, Schroder Hermes, is managing 187,011 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 companies are therefore
interested in an overall aggregate of 13,837,812 shares, representing some
13.281% of the total number of shares in issue, namely 104,192,073 shares.

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 interest it is treated as having 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 SIMNA Inc and ourselves.


FROM:     Alison Dunn
          (COMPLIANCE REPORTING ASSISTANT)
          SCHRODERS


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

ST IVES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

SCHRODER INVESTMENT MANAGEMENT 

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

PLEASE SEE ABOVE LETTER

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

PLEASE SEE ABOVE LETTER

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES OF 10P EACH

10)  Date of transaction



11)  Date company informed


16.2.01

12)  Total holding following this notification

13,837,812
               
              
13)  Total percentage holding of issued class following this notification

13.27%

14)  Any additional information

ST IVES PLC SHARE CAPITAL - 16.2.01   104,233,587

15)  Name of contact and telephone number for queries

020 7928 8844

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

     Date of Notification ..16 FEBRUARY 2001