Holding in Company

Macfarlane Group PLC
19 March 2001

Letter to Company Announcements Office

Substantial shareholdings       Macfarlane Group PLC

We have been notified in accordance with the Companies Act that the following
shareholder holds the number of shares set out below:-

                                             Number
                                             of shares        %    Date notified

Funds managed or advised by 
Credit Suisse Asset Management Limited       10,105,187     7.98%  19 March 2001


Letter from Macfarlane Group plc