Holding in Company

RNS Number:5582D
Fenner PLC
14 May 2001

LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

                   DEALINGS BY SUBSTANTIAL SHAREHOLDERS - 
                   M.&G. INVESTMENT MANAGEMENT LIMITED

Below is a copy of a letter dated 14 May 2001 from the above advising us of
various changes involving Prudential Plc and certain of its subsidiary companies
together with a form showing the revised interest disclosed to us in 4,650,000
Ordinary Shares in the capital of this Company (4.54% of the issued share
capital).

LETTER FROM: FENNER PLC


LETTER TO: FENNER PLC     

Companies Act 1985 (as amended):
Disclosure of Interests in Shares

In accordance with Part VI of the Companies Act 1985 (as amended)(the "Act"), we
write to inform you that Prudential plc and certain of its subsidiary companies
have a notifiable interest in the issued share capital of your company as
detailed in the schedule below.

For the purposes of S210 of the Act, the address for those companies identified
in the schedule below is Laurence Pountney Hill London EC4R 0HH.

LETTER FROM: M & G INVESTMENT LIMITED


               Notifiable Position Report for FENNER ORD GBP0.25
                                as at 11 May 2001


Percentage holdings are calculated using an issued share capital of 102,357,208
ORD GBP0.25 shares

                  Registered Holder                  Holding      %

Prudential plc                                     4,650,000    4.54  Total
                  PRUCLT HSBC GIS NOM(UK) PAC AC   4,650,000          Notifiable

                                                                      Interest


The Prudential Assurance Company Limited           4,650,000    4.54  
                  PRUCLT HSBC GIS NOM(UK) PAC AC   4,650,000           
                                                                      


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

FENNER PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

M.&G.INVESTMENT MANAGEMENT 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 LETTER 14.05.2001


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

SEE LETTER 14.05.2001


5)   Number of shares/amount of stock acquired.

-

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

-

11)  Date company informed

SEE LETTER 14.05.2001


12)  Total holding following this notification

4,650,000 ORDINARY SHARES
                  
              
13)  Total percentage holding of issued class following this notification

4.54%


14)  Any additional information

SEE LETTER 14.05.2001


15)  Name of contact and telephone number for queries

DEBBY BRADBURY - 01482 626511


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

     Date of Notification ..... 14.05.2001 ......

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