RNS Number:3793O
Dowding & Mills PLC
06 August 2003


DOWDING & MILLS PLC ("the Company")

6 August 2003

HOLDING IN COMPANY

The Company received notification on 5 August 2003 from Unicorn Asset Management
Limited ("Unicorn") of the following transactions in the Company's ordinary
shares of 10p each ("Shares"):

Fund            Transaction date         Number of     Resultant       % issued 
                                         Shares sold   holding         Shares 

Eaglet            23 July 2003             690,000     18,860,832      12.24%
Investment
Trust plc

Acorn Income      21 July 2003              50,000
Fund Limited      23 July 2003              60,000
                  30 July 2003             250,000
                  4 August 2003            600,000        777,175        0.50%


Following these transaction, Unicorn's non-beneficial interest as investment
manager comprises 19,638,007 Shares, representing approximately 12.74% of the
Company's issued ordinary share capital.

END


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