Holding in Company

TBI PLC
9 August 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.

     NOT KNOWN


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

10)  Date of transaction

     

11)  Date company informed

     09.08.01

12)  Total holding following this notification

     91,894,220
              
13)  Total percentage holding of issued class following this notification

     16.442%

14)  Any additional information



15)  Name of contact and telephone number for queries

     020 7408-7300

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

     Date of Notification ....9 AUGUST 2001


LETTER TO:   TBI PLC - 8 AUGUST 2001

10p ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 91,894,220 shares which are held in portfolios managed by us on a
discretionary basis for clients under investment management agreements.

Our aggregate interest represents 16.442% of your company's issued share
capital, which we understand to be 558,894,921 shares.

Included in this figure are.

(i)  34,068,260 shares registered or to be registered in the name of our
     wholly-owned subsidiary nominee company, Schroder Nominees Limited
     (Schroder Nominees),

(ii) 27,659,949 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) 30,166,011 shares neither registered nor to be registered in the name of
      Schroder Nominees. The registration details are shown in the schedule     
      below.

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 SUTL in relation to the interest it is treated as having 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 ourselves.


FROM:    ALISON DUNN
         REGULATORY REPORTING OFFICER

                        
                               TBI PLC

                         10p ORDINARY SHARES

                               SCHEDULE

REGISTRATION                                              AMOUNT

BT Globenet Nominees Limited a/c:6B                    1,327,400
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
Mellon Trust                                           1,000,000
MSS Nominees Ltd a/c: 766653                           1,719,000         
MSS Nominees Ltd a/c: 823666                           1,000,000
MSS Nominees Ltd a/c: 831286                           3,886,556
MSS Nominees Ltd a/c: 809797                             725,000
Nortrust Nominees Limited                              3,465,055
Nutraco Nominees Limited                                 200,000
Morgan Nominees Limited a/c GRL-Crest id: AG01           623,000
RBSTB Nominees Limited a/c: LAUR                         100,000
RBSTB Nominees Limited a/c: AAUKPS                       380,000
State Street Nominees Limited a/c: 5H57                1,750,000
                                                      ----------
                                                      30,166,011
                                                      ----------