RNS Number:8364P
Merrill Lynch New Energy Tech. PLC 
16 September 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company:

Merrill Lynch New Energy Technology plc

2) Name of shareholder having a major interest:

Reliance Mutual Insurance Society

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:

Beneficial

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

HSBC Global Custody Nominees a/c 37646623

5) Number of shares/amount of stock acquired:

n/a

6) Percentage of issued class:

n/a

7) Number of shares/amount of stock disposed:

1,112,358

8) Percentage of issued class:

0.56%

9) Class of security:

Ordinary shares of 5p each

10) Date of transaction:

16 September 2003

11) Date company informed:

16 September 2003

12) Total holding following this notification:

5,781,000


13) Total percentage holding of issued class following this notification:

2.90% (below notifiable interest)

14) Any additional information:



15) Name of contact and telephone number for queries:

Miss H Harvey - 020 7743 5307

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

Miss H Harvey
For Merrill Lynch Investment Managers Group Services Limited
Secretary

17) Date of notification:

16 September 2003


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