RNS Number:9673T
Low & Bonar PLC
7 January 2004

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     LOW & BONAR PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SCHRODER INVESTMENT MANAGEMENT LIMITED AND 
     SUBSIDIARY AND AFFILIATED COMPANIES

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

     SHAREHOLDER NAMED IN (2) ABOVE

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

      SEE BELOW

5)   Number of shares/amount of stock acquired.

     80,000

6)   Percentage of issued Class
      0.08%

7)   Number of shares/amount of stock disposed
      N/A

8)   Percentage of issued Class
      N/A

9)   Class of security

     ORDINARY 50 PENCE SHARES      

10)  Date of transaction

      6/1/04

11)  Date company informed

      7/1/04

12)  Total holding following this notification

      23,888,777
               
13)  Total percentage holding of issued class following this notification

      24.015%

14)  Any additional information



15)  Name of contact and telephone number for queries

      AMANDA WHALLEY
      020 7298 6820

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

     Date of Notification ...7 JANUARY 2004.....


                              LOW & BONAR PLC
                            50P ORDINARY SHARES
                                  SCHEDULE
                                   
             REGISTRATION                                      AMOUNT

British Coal Staff Superannuation Scheme (Client) 
Nominees Ltd a/c: P                                           2,716,017
BT Globenet Nominees Ltd a/c 6B                                 750,000
Chase Manhattan Bank                                            517,380
Imperial Pensions Nominees Limited                            1,100,000
Mineworkers Pension Scheme (Client) Nominees Ltd a/c: R       2,900,000
Nutraco Nominees Limited                                        720,170

                                                              8,703,567


                      This information is provided by RNS
            The company news service from the London Stock Exchange


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