BARC Barclays Plc

RNS No 592c
REXAM PLC

                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

REXAM PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

BARCLAYS BANK PLC

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

NON BENEFICIAL INTEREST 

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

SEE SCHEDULE BELOW

5)  Number of shares acquired.

NOTIFIABLE INTEREST   11,910,265

6)  (3.01%) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

ORDINARY SHARES OF 64 2/7p EACH

10) Date of transaction

19 April 1999

11) Date company informed

21 April 1999

12) Total holding following this notification

11,910,265 ORDINARY SHARES

13) Total percentage holding of issued class following this notification

3.01%

14) Any additional information

COMPANY ADVISED OF NOTIFIABLE INTEREST UNDER SECTION 202(3) COMPANIES ACT 1985

15) Name of contact and telephone number for queries

JENNIFER SMITH  --  0171-590-7038

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

    Date of Notification..22 April 1999.........



BARCLAYS BANK PLC - REGISTERED HOLDERS ANALYSIS

REXAM     SEDOL NUMBER: 425045

As at 19 April 1999 Barclays PLC, through its subsidiary Barclays Bank PLC,
had a notifiable interest in 11,910,264 ORD GBX 64.285714 units representing
3.01% of the issued share capital of 395040985 units.

Registered Holder                                           Holding

Twenty Nine Gracechurch Street Nominees Ltd                   7,778
Dematerialised                                                  661
Dematerialised                                                  829
Barclays Bank Trust Co Ltd & third party nominee             15,555
Barclays Bank Trust Co Ltd as Executor                        1,785
Twenty Nine Gracechurch St Nominees Ltd                     438,771
MSTC Nominees Limited                                     3,695,996
MSTC Nominees (life) Limited                              4,711,598
Barclays Bank Trust Co LTd - IMA                              4,507
Barclays Bank Trust Company Ltd - PEP                           522
Twenty Nine Gracechurch Street Nominees Limited a/c 5781C 2,988,952
Twenty Nine Gracechurch Street Nominees Limited a/c 5781C     9,201
***Unknown***                                                16,310
***Unknown***                                                12,308
State Street Bank and Trust                                   5,491
                                                         ----------
                                        TOTAL            11,910,264
                                                         ----------

END

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