Parkwood Holdings plc

("The Company")

                              NOTIFIABLE INTEREST                              

The Company was notified on 19th September 2003 by Parkwood Group Trustees
Limited that its notifiable interest had decreased on 15th September 2003 by
9,000 Ordinary Shares of 1p each ("Ordinary Shares"), representing 0.05 percent
of the Company's total issued ordinary share capital, to 743,625 Ordinary
Shares representing 3.79 percent of the Company's total issued ordinary share
capital. This follows the transfer of 9,000 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