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themutual.net PLC (PRO)

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Monday 15 March, 2004

themutual.net PLC

Holding(s) in Company

themutual.net PLC
15 March 2004



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


THEMUTUAL.NET PLC



2. Name of shareholder having a major interest


CAIRNSFORD ASSOCIATES 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


2 ABOVE



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


CAIRNSFORD ASSOCIATES LIMITED



5. Number of shares / amount of stock acquired


N/A



6. Percentage of issued class


N/A



7. Number of shares / amount of stock disposed


145,000,000



8. Percentage of issued class


3.59%



9. Class of security


ORDINARY SHARES OF 0.0001 PENCE EACH



10. Date of transaction


10/03/2004



11. Date company informed


15/03/2004



12. Total holding following this notification


129,000,000



13. Total percentage holding of issued class following this notification


3.19%



14. Any additional information


N/A



15. Name of contact and telephone number for queries


PETER COVENEY - 020 7440 9310



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


PETER COVENEY - FINANCIAL DIRECTOR



Date of notification


15/03/2004






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