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RNS Number:5979W
Kleinwort Capital Trust PLC
29 May 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Kleinwort Capital Trust PLC

2) Name of shareholder having a major interest

Allianz AG and subsidiaries

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

Non-beneficial (interest arises from investment management services to shares
held by each of them)


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

See text of notification


5) Number of shares/amount of stock acquired

-

6) Percentage of issued class

-

7) Number of shares/amount of stock disposed

Not disclosed


8) Percentage of issued class

-

9) Class of security

Ordinary shares of 5p

10) Date of transaction

Not disclosed


11) Date company informed

28th May 2002

12) Total holding following this notification

7,005,092

13. Total percentage holding of issued class following this notification

23.22%

14) Any additional information

See text of notification below.

15) Name of contact and telephone number for queries

Kirsten Salt - 020 7475 5808

16) Name and signature of authorised company official responsible for
making this notification

Kirsten Salt - Company Secretary


Date of notification 29th May 2002

=========================================================================

The Secretary

Kleinwort Capital Trust PLC

10 Fenchurch Street

London EC3M 3LB                                        28th May 2002



Dear Sirs,

Notification pursuant to s198 Companies Act 1985 ("the Act")

Dresdner Kleinwort Wasserstein Group Limited ("DrKWG") is an indirect subsidiary
of Allianz AG.

The shares in DrKWG are held by Dresdner Investments (UK) Limited ("Dresdner
Investments"), a direct subsidiary of Zenon Beteiligungs GmbH ("Zenon"), a
direct subsidiary of Dresdner Bank AG. Dresdner is a direct subsidiary of
Allianz Finanzbeteiligungs GmbH ("Allianz Finanz") which is itself a direct
subsidiary of Allianz AG.

DrKWG is the holding company of KBPB Holdings Limited ("KBPBH"), together with
its subsidiaries. As a result of s203(2) of the Act, Allianz AG, Allianz Finanz,
Dresdner, Dresdner Investments, Zenon and DrKWG are interested in the Kleinwort
Capital Trust PLC ordinary 5p shares in which KBPBH, together with their
subsidiaries are interested.

Transfers out of the discretionary management of Kleinwort Benson Private Bank
Limited have resulted in reductions in the disclosable interests within the
Allianz AG group of Companies.

We hereby notify you that the disclosable interest of Allianz AG and
subsidiaries in the ordinary share capital of your company amounts to 7,005,092
shares representing 23.211% (previously 23.692%) of the ordinary issued share
capital of 30,180,000 shares, as advised by you.

The notifiable disclosures in respect of this reduction are that Allianz Finanz,
Dresdner and subsidiaries are now interested in 6,920,092 shares representing
22.929% (previously 23.411%) of the issued capital. These interests arise as a
result of s203(2) of the Act..

Whilst these shares are not beneficially owned by any of the above companies we
are advised that, in certain circumstances, we are required to disclose these
shareholdings pursuant to the Act.

This announcement is made by DrKWG on behalf of Allianz AG and its subsidiaries.

Yours faithfully,

For DRESDNER KLEINWORT WASSERSTEIN GROUP LIMITED

Authorised Signatory                              Authorised Signatory



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