RNS Number:9720O
Simon Group PLC
22 August 2003


22 August 2003



                        Simon Group plc ("the Company")

                   Ordinary Shares of 25p each ("the Shares")

                       Notification of Change of Interest

The Company on 21st August 2003 received the following notification from J O
Hambro Capital Management Group:-

"Pursuant to section 198 of the Companies Act 1985 (the "Act") we hereby notify
you that J O Hambro Capital Management Limited ("JOHCM"), Ground Floor, Ryder
Court, 14 Ryder Street, London SW1Y 6QB is a party to an agreement to which
section 204 of the Act applies (the "Agreement"). The other parties to this
Agreement are:-

North Atlantic Smaller Companies Investment Trust PLC ("NASCIT") of Ground
Floor, Ryder Court, 14 Ryder Street, London SW1Y 6QB and

Oryx International Growth Fund Limited ("ORYX"), PO Box 208, Bermuda House, St
Julian's Avenue, St Peter Port, Guernsey, CI

As at 21st August 2003, JOHCM was interested for the purposes of the Act in
12,207,000 Shares in the relevant share capital, as defined in section 198(2) of
the Act, of Simon Group plc (the "Relevant Shares"), which represents 7.68% of
that Class of capital based on an issued share capital of 158,888,608 ordinary
shares.

21,395,852 of the Relevant Shares are shares in which JOHCM will be interested
by virtue of sections 204 and 205 of the Act.


The Relevant Shares are held or will be held in the following registered names:

Bank of New York Nominees Limited                                    7,170,000
HSBC Global Custody London Limited                                   2,188,852
Goldman Sachs International TNA                                      4,000,000
Goldman Sachs International THO                                      3,000,000
Goldman Sachs International THT                                        625,000
Goldman Sachs International TEU                                      4,362,000
Nutraco Nominees Limited                                                50,000

Total                                               21,395,852 shares = 13.47%





Enquiries:

Simon Group plc                             Telephone: 01737 372660
Tim Redburn, Chief Executive










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