Holding(s) in Company

RNS Number:8575N
Austin Reed Group PLC
23 July 2003



                          AUSTIN REED GROUP ("the Company")

                              CHANGE IN SHAREHOLDING

On 22 July 2003, the Company was advised by Cantor Fitzgerald Europe under
Section 198 of the Companies Act 1985 ("the Act") that as at 21 July 2003 they
had an interest in and were the registered holder of 3,717,300 ordinary shares
of 25p pence each in Austin Reed Group PLC.

The Shares represent an interest of 11.8% of the issued share capital of the
Company (which is an increase of 1.4% from the 10.4% interest announced on 7
July 2003).

Cantor Fitzgerald Europe is a party to an agreement relating to 2,886,300
ordinary shares of 25p each in the Company (which represents an interest of
9.1%, an interest of 1.2%) with Mr Shami Ahmed who has an interest in the voting
rights to the shares, under a contract for differences, by virtue of Section
208(4)(b) and Section 208(5)(b) of the Companies Act.









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