RNS Number:4762I
Austin Reed Group PLC
7 March 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     AUSTIN REED GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ISIS ASSET MANAGEMENT PLC

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

      AS ABOVE

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

      LITTLEDOWN NOMINEES LTD   224,610
      CHASE NOMINEES LTD      2,634,656
      CITIFRIENDS             1,197,491


5)   Number of shares/amount of stock acquired.

      527,877

6)   (1.68%) of issued Class

7)   Number of shares/amount of stock disposed

      -

8)   ( N/A %) of issued Class

9)   Class of security

      ORDINARY SHARES OF 25P EACH

10)  Date of transaction

      5/3/2003

11)  Date company informed

      7/3/2003

12)  Total holding following this notification

      4,056,757
               
13)  Total percentage holding of issued class following this notification

      12.90%

14)  Any additional information

      -

15)  Name of contact and telephone number for queries

       SIMON N. WAITE
       01845 573071

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

     Date of Notification ...7 MARCH 2003......


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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