Holding(s) in Company

Xaar PLC
16 July 2004


Xaar plc ('the Company')

Notification of Major Interests in Shares

The Company received notifications from Merrill Lynch Investment Managers
('MLIM') and Merrill Lynch & Co., Inc. on behalf of itself and certain holding
companies of MLIM informing it that they have an overall aggregate interest in
7,508,328 shares representing 12.50% of the Company's issued ordinary share
capital.

16 July 2004





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