RNS No 4137v
CHEMRING GROUP PLC
9th November 1998


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
CHEMRING GROUP PLC

2   Name of shareholder having a major interest:
M&G GROUP PLC - INTEREST IN 3,385,371 ORD SHARES (14.29%)
M&G INVESTMENT MANAGEMENT LIMITED - INTEREST IN 3,385,371 ORD SHARES (14.29%)
M&G PENSIONS & ANNUITY COMPANY LIMITED - INTEREST IN 1,513,571 ORD SHARES
(6.39%) 

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 registered holder(s) and, if more than one holder, the number of
shares held by each of them:
THE BANK OF NEW YORK (NOMINEES) LIMITED - 50,000 ORD SHARES
BPUT NOMINEES LIMITED "SJPREC" - 160,000 ORD SHARES
MSS NOMINEES LIMITED - 82,500 ORD SHARES
MSS NOMINEES LIMITED - 33,000 ORD SHARES
M&G GROUP (LOMBARD STREET) NOMINEES LIMITED - 1,513,571 ORD SHARES
CLYDESDALE BANK (HEAD OFFICE) NOMINEES LIMITED "MGC" - 1,546,300 ORD SHARES 
 

5   Number of shares/amount of stock acquired:
100,000

6   Percentage of issued class:
0.422%

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
5P ORD SHARES

10  Date of transaction:


11  Date company informed:
9 NOVEMBER 1998

12  Total holding following this notification:
SEE 2 ABOVE

13  Total percentage holding of issued class following this notification:
SEE 2 ABOVE

14  Contact name for queries:
SARAH ELLARD

15 Contact telephone number:
01489 881880

16  Name of company official responsible for making notification:
SARAH ELLARD - COMPANY SECRETARY 

17  Date of notification:
9 NOVEMBER 1998


Additional Information:


END

HOLNFAFNEAAPFFN


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