Holding in Company

TBI PLC
15 May 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

TBI

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

-

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

SEE LETTER BELOW

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 10P SHARES

10)  Date of transaction

UNKNOWN

11)  Date company informed

15.05.01

12)  Total holding following this notification

81,433,864
               
              
13)  Total percentage holding of issued class following this notification

14.571%

14)  Any additional information



15)  Name of contact and telephone number for queries

MARY HITCHON   0207 408 7300

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

     Date of Notification ..15-05-2001



LETTER TO:   TBI PLC

10p ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 80,865,395 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)  30,038,094 shares registered or to be registered in the name of our
     wholly-owned subsidiary nominee company, Schroder Nominees Limited
     (Schroder Nominees),

(ii) 24,097,001 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) 26,730,300 shares neither registered nor to be registered in the name of
      Schroder Nominees. The registration details are shown in the
      schedule below.

Another affiliated company, Schroder Hermes, is managing 568,469 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 81,433,864 shares, representing some
14.571% of the total number of shares in issue, namely, 558,894,921 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 SIMNA Inc., Schroder Hermes and 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 SIMNA Inc., Schroder Hermes and ourselves.


FROM:    ALISON DUNN
         COMPLIANCE REPORTING ASSISTANT
         

                               SCHEDULE

                               TBI PLC
                
                           10p ORDINARY SHARES

REGISTRATION                                           AMOUNT

BT Globenet Nominees Limited a/c:  6B                    846,300
Chase Nominees Limited                                12,360,000
HSBC Bank International Ltd a/c:  10096301               550,000
MSS Nominees Ltd a/c:  767412                            274,000
HSBC Global Custody Nominee (UK) Ltd a/c: 809955         806,000
MSS Nominees Ltd a/c:  823654                          2,250,000
MSS Nominees Ltd a/c:  823666                          1,850,000
MSS Nominees Ltd a/c:  766653                          1,500,000
MSS Nominees Ltd a/c:  809797                            725,000
Nortrust Nominees Limited                              1,974,000
Nutraco Nominees Limited                                 200,000
Morgan Nominees Limited a/c GRL- Crest ID: AG01          623,000
RBSTB Nominees Limited a/c:  LAUR                        100,000
Schroder Executor & Trustee Company Limited              922,000
State Street Nominees Limited a/c: 5H57                1,750,000
                                                    -------------
                                                      26,730,300
                                                    =============