Holding in Company

MFI Furniture Group PLC
2 May 2001

2 May 2001

For Immediate Release


                   MFI Furniture Group plc ('the company')

Notification Under S.198-202 UK Companies Act

Notice received on 1 May 2001 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
53,562,902 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. They
are registered as follows:

State Street Nominees Ltd                                               120,200
Chase Nominees Limited                                                1,966,800
HSBC                                                                    142,000
State Street Nominees Ltd                                               205,600
Clydesdale Bank (Head Office) Nominees Limited                       21,610,903
RBS Trust Bank                                                        1,042,000
Nortrust Nominees Ltd                                                   175,000
Chase Nominees Ltd                                                      308,500
BT Globenet Nominees Ltd                                                100,000
Citibank                                                                177,000
Bank of New York Europe                                                 515,323
Clydesdale Bank (Head Office) Nominees Limited                          472,250
Chase Nominees Ltd                                                    1,185,500
State Street Bank & Trust                                             1,623,410
Bankers Trust                                                         1,620,450
HSBC Client Holdings Nominee (UK) Limited                            14,473,796
Northern Trust                                                        2,726,350
RBS Trust Bank                                                        2,993,980
Citibank                                                                137,500
Bank of New York Europe                                                 145,000
Mellon Trust                                                            677,000
Nortrust Nominees Ltd                                                   545,830
JP Morgan                                                               392,740
KAS Associate                                                           205,770

Total Ordinary Shares:                                               53,562,902

Current Ownership Percentage:                                             9.00%

Shares in issue:                                                    594,893,021


The disclosable interest is stated as arising under section 208 (4) (b) or
section 203 of the Act.


Gerard Hughes Company Secretary 0208 200 8000




END