Holding in Company

MFI Furniture Group PLC
19 October 2000



                   MFI Furniture Group plc ('the company')


Notification Under S.198-202 UK Companies Act

A notice has been received from Fidelity Management & Research on behalf of
itself and its subsidiary companies and Fidelity International Ltd and its
direct and indirect subsidiary companies and their principal shareholder, Mr
Edward C. Johnson.


The Notice states that the above- mentioned companies hold a total of
35,801,626 Ordinary Shares of 10p each in MFI Furniture Group PLC on behalf of
various investment companies and institutional clients. The interests were
acquired solely for investment purposes and are held non-beneficially. The are
registered as follows:

State Street Nominees Ltd                                               241,200
Clydesdale Bank (Head Office) Nominees Limited                       16,784,948
Clydesdale Bank (Head Office) Nominees Limited                          457,500
Chase Nominees Ltd                                                    1,218,000
State Street Bank & Trust                                               311,700
Bankers Trust                                                           160,300
HSBC Client Holdings Nominee (UK) Limited                            12,400,000
Northern Trust                                                          136,600
                                                                      4,091,378

Total Ordinary Shares:                                               35,801,626

Current Ownership Percentage:                                             6.02%

Shares in issue:                                                    594,893,021



The total number of shares which are the subject of the notice represent 6.02%
of the issued share capital of the Company. The notice, which was received on
3.07.2000, did not include any transaction dates. The disclosable interest is
stated as arising under section 208 (4) (b) or section 203 of the Act.


Hamish Thomson Company Secretary 0181 800 2000