Holding(s) in Company

Xaar PLC
18 May 2004


Xaar PLC (the 'Company')

Notification of Major Interests in Shares

The Company received a notification on 17 May 2004 from Hermes Administration
Services Limited informing it that as at 13 May 2004 BriTel Fund Trustees
Limited The Trustees of BT Pension Scheme had a material interest in 2,903,796
shares, representing 4.837% of the issued ordinary share capital of the company.
The shares are registered in the name of BriTel Fund Nominees Limited.

18 May 2004




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