RNS Number:2982T
RAC PLC
16 December 2003

RAC plc - Notification of Major Interest in Shares

On 15 December 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") and subsidiary company Schroder Investment Management North
America Ltd ("SIMNA Ltd"), it had a notifiable interest in 17,702,894 Ordinary
25p shares of RAC plc (registered, or to be registered in the names set out in
the Schedule below) representing 14.99% of the issued share capital of RAC plc.

Schroders plc, the holding company of SIML, SIMNA Inc, SUTL and SIMNA Ltd, 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  

     "SIMNA Ltd"                                                           
     Chase Nominees Limited                                         84,000 

     "SIML"                                                                
     Bank of New York                              264,500                 
     Banque Nationale de Paris                       8,100                 
     British Coal Staff Superannuation a/c P       492,640                 
     Chase Nominees Limited                        758,500                 
     Chase Nominees Limited a/c 03886              302,000                 
     Unibank Torvegade                                7,000                
     HSBC Bank International a/c 10096301          124,500                 
     Mineworkers' Pension Scheme a/c R              543,451                
     Morgan Nominees Limited                       395,043                 
     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                    85,000                 
     Nortrust Nominees Limited                   2,068,014                 
     Nutraco Nominees Limited                       16,300                 
     Nutraco Nominees Limited a/c GWPPMPS          173,021                 
     RBSTB Nominees                                238,000                 
     State Street Nominees Limited a/c 5H57        580,500       6,661,590 

     Schroder Nominees Limited                                  6,633,762  

     "SUTL"                                                                
     Chase Nominees Limited                                     3,773,542  
                                                               17,702,894  


(At the date of this announcement the total issued share capital of RAC plc is
118,077,790 Ordinary 25p shares.)



16 December 2003

website: www.racplc.co.uk


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