RNS Number:9371C
Fenner PLC
1 May 2001


LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

DEALINGS BY SUBSTANTIAL SHAREHOLDERS - PHILLIPS & DREW LIFE LIMITED

I attach a copy of a letter dated 30 April 2001 (received today) together with a
form showing the revised overall material interest of scheduled Phillips & Drew
companies in this Company to be 5,130,874 Ordinary Shares (5.01% of the issued
share capital of this Company)

LETTER FROM:  FENNER PLC

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

FENNER PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

PHILLIPS & DREW LIFE LIMITED
UBS ASSET MANAGEMENT HOLDING (NO. 2) LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

SEE ATTACHED LETTER (BELOW)

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

SEE ATTACHED LETTER & SCHEDULE (BELOW)

5)   Number of shares/amount of stock acquired.

NOT STATED

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

-

8)   ( - %) of issued Class

9)   Class of security

ORDINARY OF 25P EACH

10)  Date of transaction

NOT STATED

11)  Date company informed

LETTER DATED 30.04.2001
(RECEIVED 01.05.2001)

12)  Total holding following this notification

5,130,874 ORDINARY SHARES
               
              
13)  Total percentage holding of issued class following this notification

5.01%

14)  Any additional information

SEE ATTACHED LETTER (BELOW)

15)  Name of contact and telephone number for queries

D. BRADBURY - 01482 626511

16)  Name and signature of authorised company official responsible for 
     making this notification

D. BRADBURY

     Date of Notification           01/05/2001




LETTER TO: FENNER PLC
DATED:  30 APRIL 2001

Re: S.198 Companies Act 1985: as amended by The Disclosure of Interest in Shares
(Amendment) Relations 1993

In accordance  with the Companies Act 1985, (as amended) I write to notify you
that Phillips & Drew Life Limited has an interest in 5,130,874 ord 25p shares of
the Company.  This represents 5.01% of the issued share capital of the Company.

Please find attached (below) a list of the Registered holders.

Phillips & Drew Life Limited is a subsidiary of UBS Asset Management Holding
(No.2) Limited which is also treated as having an interest in the above shares. 
We are authorised to made this aggregate disclosure on behalf of UBS Asset
Management Holding (No.2) Limited the registered address of which is:

   Triton Court
   14 Finsbury Square
   London EC2A 1PD

LETTER FROM PHILLIPS & DREW LIFE LIMITED



                                FENNER PLC

                 Total Issued Share Capital -     102,357,208


Name                                                            Quantity

PHILDREW NOMINEES LIMITED            A/C LF09                    373,519


PHILDREW NOMINEES LIMITED            A/C LF20                  4,757,355

                                                              5,130,874

                                                                  5.01%


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