RNS Number:4076P
Development Securities PLC
04 September 2003


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

Development Securities PLC



2. Name of shareholder having a major interest

Fidelity International Limited & Subsidiaries



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

Clydesdale Bank (Head Office) Nominees Limited      1,946,272
Chase Manhattan Bank, London                          302,228
State Street Bank & Trust                              18,800



5. Number of shares / amount of stock acquired

213,496



6. Percentage of issued class

0.76%



7. Number of shares / amount of stock disposed




8. Percentage of issued class




9. Class of security

Ordinary shares of 50p each



10. Date of transaction

Unknown





11. Date company informed

4th September 2003



12. Total holding following this notification

2,267,300



13. Total percentage holding of issued class following this notification

8.08%



14. Any additional information




15. Name of contact and telephone number for queries

S A Lanes                              020 7828 4777



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

S A Lanes



Date of notification

4th September 2003



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for loss of business or loss of profits) arising in contract, tort or otherwise
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