RNS No 7441h
VILLIERS GROUP PLC
30th June 1997



The Company has received notification that, as a result of the recent
acquisition of Pilot Investment Trust plc by Undervalved Assets Trust plc and
the transfer of shares previously held by Pilot, Undervalued Asset Trust plc
currently has the following interest in the Ordinary Shares of 10p each of
Villiers Group plc:

Shareholder   Date of      Date of       Date of       Shares   Total        %
              Transaction  notification  receipt of    bought   holding
              (if known)                 notification           of class

Undervalued     N/A        8 Jun 97      10 Jun 97     N/A     22,389,310  18.94
Assets Trust plc


Note the announcement was delayed in the post between the Company's registered
office (in Northern Ireland) and its head office (in Yorkshire).

END