RNS Number:3692B
Fenner PLC
30 March 2001

                  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 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 LETTER & SCHEDULE BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

NOT STATED

8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY OF 25P EACH

10)  Date of transaction

NOT STATED

11)  Date company informed

LETTER DATED 28.03.2001
(RECEIVED 30.03.2001)

12)  Total holding following this notification

5,086,158 ORDINARY SHARES
               
              
13)  Total percentage holding of issued class following this notification

4.97%   (NOT 4.96% AS STATED)

14)  Any additional information

SEE LETTER BELOW

15)  Name of contact and telephone number for queries

D.E. COLLINSON
01482 626511

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

     Date of Notification ......30.03.2001....



LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

DATED:  30 MARCH 2001

DEALINGS BY SUBSTANTIAL SHAREHOLDERS - PHILLIPS & DREW LIFE LIMITED

I attach a copy of a letter dated 28th March, 2001 (received today) together
with a form showing the revised overall material interest of schedule Phillips &
Drew companies in this Company to be 5,086,158 Ordinary Shares (which is 5.97%
of the issued share capital of this Company and not 5.96% as stated).

LETTER FROM:  D.E. COLLINSON
              ASSISTANT COMPANY SECRETARY
              FENNER PLC


LETTER TO:  FENNER PLC

DATED:  28 MARCH 2001

RE:  S.198 COMPANIES ACT 1985: AS AMENDED BY THE DISCLOSURE OF INTEREST IN
SHARES (AMENDMENT) REGULATIONS 1993.

In accordance with the Companies Act 1985, (as amended) I write to notify you
that Phillips & Drew Life Limited has an interest in 5,086,158 ord 25p shares of
the Company.  This represents 4.96% of the issued share capital of the Company.

Please find 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 make 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


                              TOTAL ISSUED SHARE CAPITAL     102,357,208


NAME                                                            QUANTITY


PHILDREW NOMINEES LIMITED                   A/C LF09               328,803

PHILDREW NOMINEES LIMITED                   A/C LF20             4,757,355
                                                                 ---------
                                                                 5,086,158
                                                                 ----------

                                                                      4.96%


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