RNS Number:6238P
BRIT Insurance Holdings PLC
10 September 2003



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     BRIT INSURANCE HOLDINGS PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     HBOS PLC AND SUBSIDIARIES


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

     AS PER Q2


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

     SEE BELOW


5)   Number of shares/amount of stock acquired.

     N/A


6)   Percentage of issued Class

     N/A


7)   Number of shares/amount of stock disposed

     N/A


8)   Percentage of issued Class

     N/A


9)   Class of security

     ORDINARY SHARES OF 25P


10)  Date of transaction

     N/A


11)  Date company informed

     9 SEPTEMBER 2003


12)  Total holding following this notification

     89,940,851

               
13)  Total percentage holding of issued class following this notification

     9.23% (BASED ON ISSUED SHARE CAPITAL OF 974,053,189 ORDINARY SHARES OF 25P)

     (EXCLUDES ANY CONVERSION OF CONVERTIBLE UNSECURED SUBORDINATED LOAN STOCK 
     2008 TO ORDINARY SHARES)


14)  Any additional information

     DISCLOSURE RELATES TO THE CHANGE IN AGGREGATE MATERIAL HOLDING OF HBOS 
     GROUP AS PER THE BELOW


15)  Name of contact and telephone number for queries

     LUCIE GILBERT 
     020 7984 8664


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

     Date of Notification 10 SEPTEMBER 2003




Letter to Brit Insurance Holdings Plc
Dated 8th September 2003

Companies Act 1985 (as amended) (the "Act")

Section 198 disclosure by HBOS plc on its own behalf and on behalf of those of
its subsidiaries which hold a material interest in Ordinary 10p shares 
comprising part of the relevant share capital of BRIT Insurance Holdings plc 
("the Company").

Pursuant to Section 198 of the Act, we hereby give the Company notice that we 
had a material interest (for the purposes of Sections 208 and 209 of the Act) in 
the following shares comprising part of the relevant share capital (as defined 
in the section 198 of the Act) of the Company immediately after such time as our 
obligation to make this notification arose:-
                                                              Number 
                                                                  of    
                                                              Shares  Percentage 
Registered Holder                                     Fund      Held     Holding

HSDL Nominees Limited                                              10      0.00%
Morgan Nominees Ltd                                   HPFO     77,232      0.01%
Morgan Nominees Ltd                                  HXPEN     95,898      0.01%
Morgan Nominees Ltd                                   HPBA     97,772      0.01%
HSBC Global Custody Nominees (UK) Ltd A/C 921548  SJP RF04    228,230      0.02%
HSBC Global Custody Nominees (UK) Ltd A/C 823733  SJP RF92    319,427      0.03%
HSBC Global Custody Nominees (UK) Ltd A/C 823721  SJP RF83    382,505      0.04%
HSBC Global Custody Nominees (UK) Ltd A/C 921561  SJP RF03    636,090      0.07%
HSBC Global Custody Nominees (UK) Ltd A/C 921573  SJP RF02    755,370      0.08%
Morgan Nominees Ltd                                   HLFO  1,657,320      0.17%
Morgan Nominees Ltd                                   HLBA  1,812,799      0.19%
Morgan Nominees Ltd                                  HXLFE  1,890,559      0.19%
HSBC Global Custody Nominees (UK) Ltd A/C 823587  SJP RF91  3,576,310      0.37%
Chase Nominees a/c CMIG                               2304  3,751,775      0.39%
HSBC Global Custody Nominees (UK) Ltd A/C 823575  SJP RF82  5,583,600      0.57%
Chase Nominees Ltd                                      WP  8,982,219      0.92%
HSBC Global Custody Nominees (UK) Ltd A/C 823496  SJP RF79 10,762,161      1.11%
Chase Nominees a/c CMIG                               2314 26,501,190      2.72%



Aggregate (Material) holding of HBOS group                 67,110,467     6.894%

(Aggregate Material and Non-Material holding of HBOS group is 89,940,751 shares
(9.239%)

For further information please contact:

Kenny Melville
0131 243 5562

From Kenny Melville, Company Secretarial Manager, For and on behalf of HBOS plc


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

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