RNS Number:3960S
Austin Reed Group PLC
24 November 2003

                            CHANGE IN SHAREHOLDING

Further to the announcement made on 21 November 2003 that Cantor Fitzgerald
Europe are interested in 3,811,300 ordinary shares of 25 pence each in the
Company (which represents 12.1% of the issued share capital of the Company).

Cantor Fitzgerald is a party to an agreement relating to 2,886,300 ordinary
shares of 25p each in the Company (which represents an interest of 9.1% of the
issued share capital and is the same interest as that announced on 23 July 2003)
with Shami Ahmed who has an interest in the voting rights to the shares, under a
contract for differences, by virtue of Section 208(4)(b) and Section 208(5)(b) 
of the Companies Act 1985.


Enquiries:

Simon Waite, Company Secretary               Tel: 01845 573071


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