Holding in Company

TBI PLC
29 March 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     TBI 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

     

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

     28-03-01

12)  Total holding following this notification

     66,975,545
              
13)  Total percentage holding of issued class following this notification

     11.984%

14)  Any additional information



15)  Name of contact and telephone number for queries

     MARY HITCHON, ASST SECRETARY - 020 7408 7300

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


     Date of Notification ..29-3-2001


LETTER TO:   TBI PLC

10p ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 66,407,076 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)  22,785,375 shares registered or to be registered in the name of our
     wholly-owned subsidiary nominee company, Schroder Nominees Limited
     (Schroder Nominees),

(ii) 21,543,701 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) 22,078,000 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 66,975,545 shares, representing some
11.984% 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, SCHRODERS)

                         SCHEDULE
                
                     10p ORDINARY SHARES

REGISTRATION                                                    AMOUNT

BT Globenet Nominees Limited a/c: 6B                            800,000
Chase Nominees Limited                                       11,760,000
HSBC Bank International Ltd a/c: 10096301                       400,000
HSBC Global Custody Nominee (UK) 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
Nortrust Nominees Limited                                     1,888,000
Nutraco Nominees Limited                                        200,000
Schroder Executor & Trustee Company Limited                     500,000
State Street Nominees Limited a/c: 5H57                       1,350,000
                                                             ----------
                                                             22,078,000