Holding(s) in Company

Alumasc Group PLC
15 May 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     The Alumasc Group PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     Platinum Investment Trust PLC

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

     NK

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

     Bank of New York
     Nominees Ltd A/C 310008

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     750,000

8)   ( 2.15 %) of issued Class

9)   Class of security

     Ordinary

10)  Date of transaction

     NK

11)  Date company informed

     15.05.03

12)  Total holding following this notification

     2,759,472
               
13)  Total percentage holding of issued class following this notification

     7.93%

14)  Any additional information

     PLATINUM FORMERLY KNOWN AS KNOX D'ARCY

15)  Name of contact and telephone number for queries

     PATRICIA KINGDON
     01536 383844

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

     Date of Notification ..15/5/03.................





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