RNS No 4358d
REECE PLC
14th October 1998

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

I write to give you formal notification that following the acquisition of
12,000,000 ordinary shares in Reece PLC our total holding is now 47,622,913
shares or 26.9% of the relevant share capital.


FROM:  J A Barker (Finance Director, BRITANNIA GROUP PLC)

END

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