RNS Number:8296M
RAC PLC
26 June 2003

RAC plc - Notification of Major Interest in Shares



On 25 June 2003, RAC plc received notification from Schroder Investment
Management Limited ("SIML"), under the obligations imposed by Sections 198 to
202 of the Companies Act 1985 that, together with affiliated companies Schroder
Investment Management North America Inc ("SIMNA Inc") and Schroder Unit Trusts
Limited ("SUTL"), it had a notifiable interest in 16,311,944 Ordinary 25p shares
of RAC plc (registered, or to be registered in the names set out in the Schedule
below) representing 13.84% of the issued share capital of RAC plc.

Schroders plc, the holding company of SIML and SIMNA Inc and SUTL, is deemed to
have an interest in all of these shares, which are held in portfolios managed on
a discretionary basis for clients under investment management agreements.

                                    Schedule
"SIMNA Inc"
Chase Nominees Limited                                                                                  550,000
"SIML"
Bank of New York                                                               231,000
Banque Nationale de Paris                                                        8,100
British Coal Staff Superannuation a/c P                                        492,640
Chase Nominees Limited                                                         740,000
Chase Nominees Limited a/c 03886                                               302,000
HSBC Bank International a/c 10096301                                           124,500
Mellon Nominees (UK) Limited                                                   187,750
Mineworkers' Pension Scheme a/c R                                              543,451
Morgan Nominees Limited                                                        325,043
Morgan Nominees Limited a/c A                                                   15,847
Morgan Nominees Limited a/c B                                                  450,909
MSS Nominees Ltd a/c 756593                                                    138,265
MSS Nominees Ltd a/c 809803                                                    171,622
Nortrust Nominees Limited                                                    1,730,244
Nutraco Nominees Limited                                                        20,000
Nutraco Nominees Limited a/c GWPPMPS                                           173,021
RBSTB Nominees                                                                 458,500
State Street Nominees Limited a/c 5H57                                         580,500
Unibank Torvegade                                                                7,000                6,700,392
Schroder Nominees Limited                                                                             6,790,456
"SUTL"
Chase Nominees Limited                                                                                2,271,096
                                                                                                     16,311,944

(At the date of this announcement the total issued share capital of RAC plc is
117,899,782 Ordinary 25p shares.)

26 June 2003

website: www.racplc.co.uk


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