Holding(s) in Company

Zotefoams PLC
03 November 2004

                         Zotefoams plc ('the Company')
                               Holding in Company

The Company was notified on 3 November 2004 by Collins Stewart Fund Management
Limited, that, following a sale of 872,143 of the Company's ordinary 5p shares
('Ordinary Shares') on 2 November 2004, Acorn Income Fund Limited ('Acorn') is
interested in 839,917 Ordinary Shares. This holding represents 2.31 per cent. of
the Company's issued Ordinary Share capital.

The Ordinary Shares are registered in the name of Forest Nominees Limited,
designation GCA15.

3 November 2004


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