RNS Number:6010R
Country & Metropolitan PLC
03 November 2003

                            Country & Metropolitan plc

                                Holding in Company

Country & Metropolitan plc ("the Company") was notified on 29 October 2003, 
pursuant to section 198 of the Companies Act 1985 ("the Act"), that Allianz Cornhill
Insurance plc ("Cornhill") purchased 80,000 ordinary shares in the Company on
23 October 2003. This has resulted in the disclosable holdings of Allianz AG
("Allianz") and its subsidiaries amounting to 632,500 ordinary shares representing 
approximately 3.3% of the issued share capital of the Company. Included within 
this interest is the material interest of Cornhill.


Allianz is the ultimate holding company of Cornhill. Cornhill is a direct
subsidiary of Allianz UK Limited ("Allianz UK"). Allianz UK is a direct
subsidiary of Allianz Europe Limited ("Allianz Europe") which is itself a 66.66%
owned subsidiary of Allianz. The other 33.33% of shares in Allianz Europe are
owned by Allianz Lebensvericherungs AG ("Allianz Leben"), a direct subsidiary of
Jota Vermogensverwaltungs GmbH (Jota"), which is itself a direct subsidiary of
Allianz. As a result of s203(2) of the Act, Allianz Europe, Allianz Leben, Jota
and Allianz are interested in the ordinary shares in which Allianz UK and
subsidiaries are interested.



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