Holding(s) in Company

RNS Number:2772W
SWP Group PLC
22 May 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company


SWP Group Plc

2)   Name of shareholder having a major interest


F.J. Bell

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


Shareholder named in 2 above

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

F.J. Bell

5)   Number of shares/amount of stock acquired

10,000,000

6)   Percentage of issued class

3.00%

7)   Number of shares/amount of stock disposed

NIL

8)   Percentage of issued class

NIL

9)   Class of security

Ordinary Shares of 2 pence each fully paid

10)  Date of transaction

21/05/02

11)  Date company informed


21/05/02


12)  Total holding following this notification

60,898,842


13)  Total percentage holding of issued class following this notification

18.26%


14)  Any additional information


15)  Name of contact and telephone number for queries


Mr. J.A.F. Walker 020 7379 7181

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

     Date of notification 22 May 2002


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