RNS Number:3563R
Swan Hill Group PLC
27 October 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


All relevant boxes should be completed in block capital letters.

1.   Name of company                               2.  Name of shareholder having a major interest

     SWAN HILL GROUP PLC                               PHILDREW NOMINEES LTD




3.   Please state whether notification indicates   4.  Name of the registered holder(s) and, if more than one
     that it is in respect of holding of the           holder, the number of shares held by each of them
     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

     PHILDREW NOMINEES LTD
                                                       NUMEROUS  PHILDREW NOMINEE ACCOUTS



5.   Number of shares/    6.  Percentage of issued 7.  Number of shares/amount 8. Percentage of issued class
     amount of stock          class                    of stock disposed
     acquired

     NIL
                              N/A                      463,387
                                                                                  0.78%



9. Class of security                             10.    Date of transaction   11.   Date company informed


   ORDINARY SHARES OF 25P EACH                          NOT KNOWN                   27 October 2003




12.  Total holding following this notification     13.   Total percentage holding of issued class following
                                                         this notification
     7,946,787
                                                         13.32%




14.  Any additional information                    15. Name of contact and telephone number for queries


                                                       A G CONFAVREUX 01784 412823



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

     A G CONFAVREUX  -   COMPANY SECRETARY

Date of notification  27 OCTOBER  2003



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

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