RNS Number:1346K
Paramount PLC
16 April 2003


                                 Paramount plc


Notification of substantial shareholdings



For immediate release
                                    16 April 2003

Following the allotment of new ordinary shares of 5p each pursuant to the Offer
by Dawnay, Day Corporate Finance Limited on behalf of Paramount plc
("Paramount") for the whole of the issued share capital of Groupe Chez Gerard
plc ("GCG") which became effective when the new ordinary shares were admitted to
Listing yesterday JO Hambro Capital Management Limited, which underwrote part of
the cash alternative to the Offer, now controls the following interests in
Paramount's issued share capital:


Oryx International Growth Fund                     1    5,570,000      7.6%
Trident North Atlantic Fund                        2   11,602,500     15.8%
Trident Holdings                                   3    4,965,000      6.8%
Trident High Tor                                   4    1,811,250      2.5%
North Atlantic Smaller Companies Investment Trust  5   28,372,809     38.8%
Total                                                  52,321,559     71.5%

            

* The percentage shown is the percentage of Paramount's present issued share
capital 73,223,028 shares. The Offer is still open for acceptance and if further
shares are issued the percentage will change.


Note the above shareholdings are registered in the names of:

1. HSBC Custody Nominee (UK) Limited

2. Goldman Sachs International

3. Goldman Sachs International

4. Goldman Sachs International

5. Bank of New York (Nominees) Limited


Following the approval of a waiver of certain obligations under the Takeover
Code at the Extraordinary General Meeting held on 14 April 2003, the Takeover
Panel has confirmed that JO Hambro Capital Management Ltd, which controls over
50% of the total voting rights capable of being cast in general meetings, may
purchase further Paramount shares without being required to make a mandatory
(Rule 9) offer. JO Hambro Capital Management Limited is acting in concert with
Guy Naggar and Peter Klimt whose unchanged holdings of 2,321,362 and 2,321,363
Paramount Shares now each represent approximately 3.2% of Paramount's enlarged
issued share capital.


Enquiries

David Floyd

Dawnay, Day Corporate Finance Limited           Tel: 020 7509 4570


Tim Robertson

CardewChancery                                  Tel: 020 7930 0777







                      This information is provided by RNS
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