RNS Number:8978I
Canary Wharf Group PLC
18 March 2003


NOTIFICATION OF MAJOR INTEREST IN SHARES

On 17 March 2003 pursuant to Sections 198 - 202 of the Companies Act 1985,
Canary Wharf Group plc ("the Company") was notified that Franklin Resources,
Inc. and its affiliates ("Franklin"), which includes Franklin Mutual Advisers,
LLC and Templeton Worldwide, Inc. and its affiliates, had reduced their interest
in the ordinary shares of the Company to 40,616,718 (representing 6.9429%* of
the Company's issued share capital).

The details of Franklin's current holding are as follows:

Registered Holder                                         No. of Shares

Chase Manhattan Bank                                             40,100
HSBC                                                            422,000
Bank of New York Nominees                                    40,154,618
TOTAL                                                        40,616,718

Note:

*As at 17 March 2003, the Company had an issued share capital of 585,008,225.


Contact for queries:     Anna Marie Holland

020 7537 5396

Company Official

making Announcement:     John Garwood

Company Secretary

Canary Wharf Group plc



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