RNS Number:1695R
Peninsular & Oriental Steam Nav Co
22 October 2003

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

      THE PENINSULAR AND ORIENTAL STEAM
      NAVIGATION COMPANY

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

      PRUDENTIAL 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



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

      PLEASE SEE BELOW

5)   Number of shares/amount of stock acquired.



6)   Percentage of issued Class


7)   Number of shares/amount of stock disposed


8)   Percentage of issued Class


9)   Class of security

      DEFERRED STOCK

10)  Date of transaction



11)  Date company informed

      21 OCTOBER 2003

12)  Total holding following this notification

      37,049,407
               
13)  Total percentage holding of issued class following this notification

      5.02%

14)  Any additional information



15)  Name of contact and telephone number for queries

      SANDRA SCOTT  020 7930 4343

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

     Date of Notification 22 OCTOBER 2003



                             NOTIFIABLES
                           POSITION REPORT


SEDOL : 0680048      CLIENT FUND REPORTING GROUP  :  PPMI

                     SHARES IN ISSUE       REGISTERED HOLDER            CURRENT HOLDING     HOLDING
                                                                                                 %
P & O
 0680048 DFD GBP1       736,849,227       CHASE NOMINEES LTD A/C 3787        27,751           0.00
                                          CHASE NOMINEES LTD A/C 3789       405,332           0.05
                                          CHASE NOMINEES LTD AUST         2,400,000           0.32
                                          CHASE NOMS LT A/C 14914         1,296,998           0.17
                                          CHASE NOMS LTD                    147,000           0.01
                                          CHASE NOMS LTD A/C 14920           11,403           0.00
                                          CLYDESDALE BK NOMS LTD (MGSC)     358,778           0.04
                                          CLYDESDALE BK NOMS LTD CHA      2,000,000           0.27
                                          CLYDESDALE BK NOMS LTD MGA        525,528           0.07
                                          CLYDESDALE BK NOMS LTD MGF        548,719           0.07
                                          CLYDESDALE BK NOMS LTD MGG      1,911,008           0.25
                                          CLYDESDALE BK NOMS LTD MGH        600,000           0.08
                                          CLYDESDALE BK NOMS LTD MGK        830,000           0.11
                                          CLYDESDALE BK NOMS LTD MGN        100,000           0.01
                                          CLYDESDALE BK NOMS LTD MGT        119,128           0.01
                                          M&G (LOMBARD ST) NOMS FPE          70,627           0.00
                                          MAGIM HSBC GIS NOM(UK) SALI       213,419           0.02
                                          MGIM A/C JPM A/C RU             1,850,650           0.25
                                          NORTRUST NOMS LTD               3,315,924           0.45
                                          PRUCLT HSBC GIS NOM(UK) PAC AC 16,368,018           2.22
                                          PRUCLT HSBC GIS NOM(UK) PPL AC  2,894,450           0.39
                                          PRUCLT HSBC GIS NOM(UK) SAL AC     22,411           0.00
                                          ROY NOMINEES 578079               206,246           0.02
                                          ROY NOMS LTD 578052               116,018           0.01
                                          ROY NOMS LTD 578141               232,189           0.03
                      736,849,227         ROY NOMS LTD 578192               477,810           0.06

                      736,849,227                                        37,049,407           5.02


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

END

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