PKW Parkwood Hldgs.

    Parkwood Holdings plc

("The Company")

                              NOTIFIABLE INTEREST                              

The Company was notified on 20th January 2003 by Parkwood Group Trustees
Limited that its notifiable interest had decreased on 17th January 2003 by
17,000 Ordinary Shares of 1p each ("Ordinary Shares"), representing 0.09
percent of the Company's total issued ordinary share capital, to 898,625
Ordinary Shares representing 4.58 percent of the Company's total issued
ordinary share capital. This follows the transfer of 17,000 shares to Group
employees under a Group staff loyalty scheme.

Parkwood Group Trustees Limited acts as the trustee for the Employee Benefit
Trust. The beneficiaries of the Employee Benefit Trust include the directors of
the Company who therefore have an interest in the Employee Benefit Trust.



END

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