Holding in Company

Macfarlane Group PLC
16 November 2001


To Company Announcements Office

Substantial shareholdings        Macfarlane Croup PLC

We have been notified in accordance with the Companies Act that the following 
shareholder no longer holds a notifiable interest:-

                                    Number
                                  of shares        %           Date notified

Funds managed or advised by      3,443,988       2.87%           14 Nov 2001
Legal & General Investment
Management Ltd

From MacFarlane Group