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                                                  
                                                                               
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.          
                                                                               
      As above                                                                 
                                                                               
4.   Name of the registered holder(s) and, if more than one holder, the number 
     of shares held by each of them                                            
                                                                               
     HSBC Global Custody Nominees Ltd. Account Designate EAGLET - 866379       
                                                                               
5.   Number of shares/amount of stock acquired                                 
                                                                               
                                                                               
                                                                               
6.   Percentage of issued class                                                
                                                                               
                                                                               
                                                                               
7.   Number of shares/amount of stock disposed                                 
                                                                               
      5,376,000                                                                
                                                                               
8.   Percentage of issued class                                                
                                                                               
      1.65%                                                                    
                                                                               
9.   Class of security                                                         
                                                                               
      Ordinary 2p Shares                                                       
                                                                               
10.  Date of transaction                                                       
                                                                               
      14 January 2004 1,792,000 disposed                                       
                                                                               
     15 January 2004 3,584,000 disposed                                        
                                                                               
11.  Date company informed                                                     
                                                                               
      19 January 2004                                                          
                                                                               
12.  Total holding following this notification                                 
                                                                               
      26,360,355                                                               
                                                                               
13.  Total percentage holding of issued class following this notification      
                                                                               
      8.1%                                                                     
                                                                               
14.  Any additional information                                                
                                                                               
                                                                               
                                                                               
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: 20 January 2004                                          



END