Parkwood Holdings plc

("The Company")

                              NOTIFIABLE INTEREST                              

The Company was notified on 6th May 2003 by Parkwood Group Trustees Limited
that its notifiable interest had decreased on 6th May 2003 by 22,000 Ordinary
Shares of 1p each ("Ordinary Shares"), representing 0.11 percent of the
Company's total issued ordinary share capital, to 761,625 Ordinary Shares
representing 3.89 percent of the Company's total issued ordinary share capital.
This follows the transfer of 22,000 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