Holding in Company

McInerney Holdings PLC
2 October 2001

McInerney Holdings Plc

02 October 2001

Re: Holding in Company

A Letter from McInerney Holdings Plc dated 01 October 2001 to the Irish Stock
Exchange, received by the Irish Stock Exchange on the 01 October 2001.

This is to inform you that the Company was notified today of the following : -

Merrill Lynch Investment Managers Limited holds an interest of 2,923,928
shares in the capital of the Company representing 9.21% of the issued capital.

Merrill Lynch Investment Managers Limited has previously notified an interest
of 3,177,973 shares in the capital of the Group being 10.02% of the issued
capital.







Mark Shakespeare

Company Secretary









A Letter from Merrill Lynch Investment Managers dated 25 September, 2001 to
McInerney Holdings Plc, received by McInerney Holdings Plc on the 01 October
2001.



Irish Companies act 1990 ss 67 -89



We are advised that there has been a change of circumstances affecting the
interests which Merrill Lynch Investment Managers Limited has in the relevant
share capital of your company which have previously been disclosed to you
under the above Act. Save where specifically identified to the contrary such
interests arise by reason of discretionary investment management arrangements
entered into by us or by our affiliates in the Merrill Lynch Investment
Managers Limited. Each such affiliate is interested in the relevant share
capital to the extent set out in the attachment and, where applicable, this
letter constitutes disclosure on behalf of such affiliates. Relevant details
of such interests are set out in the attachment to this letter.



Merrill Lynch Investment Managers Limited









Company Name: McInerney Holdings Plc

Class of Shares: Eur0.125 Ordinary Shares

Date : 24th September, 2001

Total: Merrill Lynch Investment Managers Limited - 2,923,928 (9.21%)

Made up as follows:

Registered Holder            Number  Investment Management Company  Beneficial
(if known)                of Shares  (if separately disclosable)    Interests?

                                                                    (Yes/No)
Nutraco Nominees Ltd         208,276                                 No
(Designated &
Undesignated)

Merrill Lynch Nominees Ltd    41,724                                 Yes
A/C Noncert

Credit Suisse London         462,322                                 No
Nominees Ltd

Nortrust Nominees Ltd        869,597                                 No

MSS Nominees Ltd             497,000                                 No

BT Globenet Nominees Ltd     391,649                                 No

Chase Nominees Ltd           453,360                                 No

Total                      2,923,928