SCHEDULE 10                                  

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1.   Name of company                                                           
                                                                               
      NSB Retail Systems PLC                                                   
                                                                               
2.   Name of shareholder having a major interest                               
                                                                               
      Eaglet Investment Trust plc                                              
                                                                               
     Unicorn Investment Funds - Free Spirit                                    
                                                                               
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.          
                                                                               
      Eaglet Investment Trust plc - 31,736,355                                 
                                                                               
     Unicorn Investment Funds - Free Spirit - 3,680,074                        
                                                                               
4.   Name of the registered holder(s) and, if more than one holder, the number 
     of shares held by each of them                                            
                                                                               
     HSBC Global Nominees Ltd a/c Eaglet - 31,736,355                          
                                                                               
     HSBC Global Nominees Ltd a/c Free Spirit - 3,680,074                      
                                                                               
5.   Number of shares/amount of stock acquired                                 
                                                                               
                                                                               
                                                                               
6.   Percentage of issued class                                                
                                                                               
                                                                               
                                                                               
7.   Number of shares/amount of stock disposed                                 
                                                                               
      Eaglet Investment Trust plc - 1,120,000                                  
                                                                               
     Unicorn Investment Funds - Free Spirit -130,000                           
                                                                               
8.   Percentage of issued class                                                
                                                                               
      Eaglet Investment Trust plc - 0.34%                                      
                                                                               
     Unicorn Investment Funds - Free Spirit - 0.04%                            
                                                                               
9.   Class of security                                                         
                                                                               
      Ordinary 2p shares                                                       
                                                                               
10.  Date of transaction                                                       
                                                                               
      13 January 2004                                                          
                                                                               
11.  Date company informed                                                     
                                                                               
      15 January 2004                                                          
                                                                               
12.  Total holding following this notification                                 
                                                                               
      Eaglet Investment Trust plc - 31,736,355                                 
                                                                               
     Unicorn Investment Funds - Free Spirit - 3,680,074                        
                                                                               
13.  Total percentage holding of issued class following this notification      
                                                                               
      Eaglet Investment Trust plc - 9.75%                                      
                                                                               
     Unicorn Investment Funds - Free Spirit - 1.13%                            
                                                                               
14.  Any additional information                                                
                                                                               
     The interest in the total holding of 35,416,429 representing 10.88% of the
     issued class arises purely from the status of Unicorn Asset Management    
     Limited as investment manager to the above companies. Unicorn Asset       
     Management Limited is not the beneficial owner of the shares and should   
     not be identified as such.                                                
                                                                               
15.  Name of contact and telephone number for queries                          
                                                                               
      Geoff Bolt 0121 329 8160                                                 
                                                                               
16.  Name and signature of authorised company official responsible for making  
     this notification.                                                        
                                                                               
      Stuart Mitchell, Group Finance Director                                  
                                                                               
Date of notification: 16 January 2004                                          



END