Holding in Company-Amendment

Shanks Group PLC
22 September 2000


AMENDMENT TO ANNOUNCEMENT RELEASED ON 3 AUGUST 2000 UNDER RNS NO. 9760O

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     SHANKS GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     CGNU PLC

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

     ON BEHALF OF CGNU PLC AND CERTAIN OF ITS SUBSIDIARIES

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

     BNY NORWICH UNION NOMINEES LTD: 3,972,735

     CHASE GA GROUP NOMINEES LTD:    3,909,470

     CHASE GA PENSION NOMINEES LTD:    312,406

     CUIM NOMINEES LTD:              1,152,406

                                     9,347,017

5)   Number of shares held


6)   (4.02%) of issued Class

7)   Number of shares/amount of stock disposed


8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY 10p

10)  Date of transaction



11)  Date company informed



12)  Total holding following this notification

     9,347,017
               
              
13)  Total percentage holding of issued class following this notification

     4.02%

14)  Any additional information

     CORRECTION FOLLOWING PREVIOUS NOTIFICATION AFTER MERGER OF CGU PLC AND     
    NORWICH UNION PLC (PREVIOUS HOLDING NOTIFIED 3.93%)

15)  Name of contact and telephone number for queries

     P. KAYE

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

     Date of Notification ....22/9/2000......