RNS Number:3283T
Headway PLC
16 December 2003

Headway PLC ('Headway' or the 'Company')

16 December 2003

Headway became aware on 15 December 2003 that Country & Metropolitan PLC and
Fleet Property Limited have between them acquired 1,000,000 ordinary shares of
5p each in the Company, representing 6.16% of the issued share capital of the
Company.

Fleet Property Limited is a wholly owned subsidiary of Allied Commercial
Exporters Limited. Allied Commercial Exporters Limited is party to an agreement
with Country & Metropolitan PLC to which Section 204 of the Companies Act 1985
relates.

As a result of the above, Country & Metropolitan PLC's total interest in the
Company is 3,740,000 ordinary shares of 5p each, representing 23.03% of the
issued share capital of the Company.

Ends


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