RNS Number:3520I
TEP Exchange Group PLC
06 March 2003


                                                           For Immediate Release

                                                                 6th March, 2003



                             TEP EXCHANGE GROUP PLC

                            ("TEP" or the "Company")



                               Holding in Company


The Company was notified on 26th February, 2003, that following a sale of
250,000 Ordinary Shares Mr Nissim Musry is interested in 5,200,000 Ordinary
Shares in the Company, of which 2,450,000 are non-beneficial interests,
representing 4.5 per cent. of the issued share capital of the Company.


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