Parkwood Holdings plc

("The Company")

                              NOTIFIABLE INTEREST                              

The Company was notified on 15th April 2003 by Parkwood Group Trustees Limited
that its notifiable interest had decreased on 11th April 2003 by 33,000
Ordinary Shares of 1p each ("Ordinary Shares"), representing 0.17 percent of
the Company's total issued ordinary share capital, to 852,625 Ordinary Shares
representing 4.35 percent of the Company's total issued ordinary share capital.
This follows the transfer of 33,000 shares to a Group employee under the
Group's Inland Revenue Approved Share Option 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