RNS Number:5305X
Oasis Stores PLC
19 January 2001


LETTER TO:      OASIS STORES PLC
LETTER DATED:   18 January 2001

Companies Act 1985 - Disclosure of Interest in shares

Consequent upon a sale in the market of 250,000 shares on the 17 January 2001,
we now hold the following number of shares which are not subject to a concert
party and will be registered as follows:


Material Interest

HSBC Global Custody Nominee (UK) Ltd A/c 775245     134,000
HSBC Global Custody Nominee (UK) Ltd A/c 360509      25,000
HSBC Global Custody Nominee (UK) Ltd A/c 357206   1,232,444
                                                  ---------    -----
                                                  1,391,444    2.65%
                                                  =========    =====

Please note that this percentage is based on our understanding that your issued
share capital is 52,500,000


LETTER FROM:    LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED
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