RNS Number:6202M
Austin Reed Group PLC
20 June 2003



                     AUSTIN REED GROUP PLC ("the Company")

                         CHANGE IN SHAREHOLDING

On 20 June 2003, the Company was advised by Cantor Fitzgerald Europe under 
Section 198 of the Companies Act 1985 ("the Act") that as at 19 June 2003 they 
had an interest in and were the registered holder of 2,480,000 ordinary shares 
of 25 pence each ("the Shares") in Austin Reed Group PLC.

The Shares represent an interest of 7.9% of the issued share capital of the 
Company.

On 20 June 2003 the Company was also notified by Mr Shami Ahmed that he holds 
the voting rights to the Shares under a contract for differences with Cantor 
Fitzgerald Europe.
 

Enquiries:

Gavin Anderson & Company
Deborah Walter                                 Tel. 020 7554 1400 

Austin Reed Group PLC
Simon Waite, Company Secretary                 Tel.01845 573071



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

HOLPUUAGQUPWGRU