RNS No. 3589F
VTR plc
17 November 2004

HOLDING IN COMPANY

The Board received notification today, in accordance with sections 198 to 210 of the Companies Act 1985 (as amended) that following recent purchases, Mr & Mrs Mark. H. Dixon jointly hold 1,075,000 ordinary shares of 5p each in the Company, giving them a beneficial holding of 9.73% of the Company's current issued share capital.