RNS Number:6520O
GB Railways Group PLC
13 August 2003



                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

GB Railways Group Plc

2. Name of shareholder having a major interest

Deutsche Bank AG

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

Non-beneficial interest

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Deutsche Bank AG

5. Number of shares / amount of stock acquired
                                                                     
-

6. Percentage of issued class
                                                                     
-

7. Number of shares / amount of stock disposed
                                                                     
-

8. Percentage of issued class
                                                                     
-

9. Class of security

Ordinary shares of 0.75p each

10. Date of transaction


11. Date company informed

12 August 2003

12. Total holding following this notification

                                                               
339,750

13. Total percentage holding of issued class following this notification

                                                                  
3.88%

14. Any additional information


15. Name of contact and telephone number for queries

Max Steinkopf - Company Secretary +44 (0) 20 7983 5103

16. Name and signature of authorised company official responsible for making
this notification

Max Steinkopf - Company Secretary

Date of notification

12 August 2003

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for loss of business or loss of profits) arising in contract, tort or otherwise
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