Holding(s) in Company

Whitbread PLC
19 November 2003


Letter to: Whitbread plc 
Dated 19 November, 2003


Whitbread plc Ord GBP0.50 shares

In terms of Part VI of the Companies Act 1985 (as amended)/ I have to inform you 
on behalf of Standard Life Investments that on 18/11/03, Standard Life 
Investments sold 201,774 shares on behalf of Standard Life Croup, this decreased 
the total held as a material interest to 8,806,932 shares being below 3% of the 
issued stock of that class.
 
     No. of shares held                          Registered Name
         8,806,932                         Stanlife Nominees Limited


From: Data Control
      Citibank, N.A. London Branch


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