Holding in Company

Alumasc Group PLC
22 February 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE ALUMASC GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     MORLEY FUND MANAGEMENT LIMITED

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.

     N/K

5)   Number of shares/amount of stock acquired.

     -

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     N/K

8)   ( N/K %) of issued Class

9)   Class of security

     ORDINARY 12.5p

10)  Date of transaction

     21.02.01

11)  Date company informed

     22.02.01

12)  Total holding following this notification

     N/K
              
13)  Total percentage holding of issued class following this notification

     N/K

14)  Any additional information

     Morley have informed company they no longer have a notifiable interest

15)  Name of contact and telephone number for queries

     Patricia Kingdon: [phone]

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

     Date of Notification: 22/02/01