10JS Cred Ag Co 22

RNS No 3561t
TOAD PLC
31st March 1998


TOAD PLC ("the Company")

The Company has today been notified by Barclays plc as follows:

"Companies Act 1985 ("The Act") Part VI

I hereby inform you that as of the date of this letter Barclays PLC, through
its subsidiary Barclays Bank PLC, has a notifiable interest in the capital of
your Company of 3.48%.

Details of this interest, together with a breakdown between registered holders
(as required by Section 202(3) of the Act), are set out in the attached
schedule.

                                   SCHEDULE                                   

As at 30 March 1998 Barclays PLC, through its subsidiary Barclays Bank PLC,
had a notifiable interest in 1,015,677 ORD GBP0.10 units representing 3.48% of
the issued share capital of 29,184,657 units.

Registered Holder                                        Holding

Everson Investment Ltd                                   1,015,677
                                                         ---------
Total                                                    1,015,677"


Enquiries:  David Baynes
            01223 214555

END

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