RNS Number:3965U
Prelude Trust PLC
19 January 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

Prelude Trust plc

2. Name of shareholder having a major interest

Fleming Mercantile Investment Trust plc

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

As in 2

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

Fleming Mercantile Investment Trust plc

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class

N/A

7. Number of shares / amount of stock disposed

50,000

8. Percentage of issued class

0.13%

9. Class of security

Ordinary shares of 5p each

10. Date of transaction

13.01.04

11. Date company informed

19.01.04

12. Total holding following this notification

1,098,428

13. Total percentage holding of issued class following this notification

2.99%

14. Any additional information




15. Name of contact and telephone number for queries

David M Blair, Company Secretary  01954 288090

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

David M Blair, Company Secretary

Date of notification

19 January 2004



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