Holding in Company

St. Ives PLC
2 January 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     ST IVES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SCHRODER INVESTMENT MANAGEMENT LIMITED

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 REFER TO LETTER BELOW DATED 2 JANUARY 2002

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

     PLEASE REFER TO LETTER BELOW DATED 2 JANUARY 2002

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 TEN PENCE ONLY

10)  Date of transaction

     2 JANUARY 2002

11)  Date company informed

     2 JANUARY 2002

12)  Total holding following this notification

     NOT DISCLOSED
               
13)  Total percentage holding of issued class following this notification

     BELOW 10%

14)  Any additional information

     THE NOTIFICATION RELATES TO THE CESSATION OF A NOTIFIABLE INTEREST FOR THE 
     PURPOSES OF PART VI OF THE COMPANIES ACT 1985

15)  Name of contact and telephone number for queries

     PHILIP HARRIS - 020 7928 8844 X337

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

     Date of Notification ...2 JANUARY 2002...........



LETTER TO: ST IVES PLC


10P ORDINARY SHAKES

We write to advise you that while we, Schroder Investment Management Limited, 
continue to have an interest in the above-mentioned shares, it has ceased to be 
a notifiable interest for the purposes of Part VI of the Companies Act 1985 (the
Act) since it represents less than 10% of the nominal value of that relevant 
share capital, which we understand to be 102,612,671 shares.

This notification is made TO you in respect of our own interest as investment 
managers and also on behalf of:-

(a) Schroder Unit Trusts Limited, our wholly-owned subsidiary,

(b) Schroder Investment Management North America Limited, another wholly-owned  
    subsidiary,

(c) Schroder Investment Management North America Inc., an affiliated company,   
    and

(d) Schroders plc., our holding company,

in relation to any interests they may have or be treated as having respectively 
under the Act.


LETTER FROM: SCHRODER INVESTMENT MANAGEMENT LIMITED