RNS Number:5492I
Grantchester Holdings PLC
5 April 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     GRANTCHESTER HOLDINGS PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     NORWICH UNION 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

     HOLDINGS ARE AS SET OUT IN BOX 4

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

     NORWICH UNION LIFE & PENSIONS B A/C               5,881,229
     NORWICH UNION INSURANCE INVESTMENT LTD              312,464
     LONDON & EDINBURGH INSURANCE COMPANY LTD             13,090
     NORWICH UNION PENSIONS MANAGEMENT LTD SC A/C      1,212,908

5)   Number of shares/amount of stock acquired.

      N/A

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     N/A

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 10P EACH

10)  Date of transaction

     N/A

11)  Date company informed

     4 APRIL 2000

12)  Total holding following this notification

     7,419,691
               
13)  Total percentage holding of issued class following this notification

     4.05%

14)  Any additional information

     MAJOR INTEREST RESULTS FROM SHARES RE-PURCHASED AND CANCELLED BY
     GRANTCHESTER, THEREBY REDUCING TOTAL ISSUED SHARE CAPITAL

15)  Name of contact and telephone number for queries

     IAN HOLLOCKS
     COMPANY SECRETARY
     070 2335 1200

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

     IAN HOLLOCKS - COMPANY SECRETARY

     Date of Notification ...5 APRIL 2000


END

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