Holding in Company

Macfarlane Group PLC
27 November 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 BY CREDIT SUISSE       12,030,187          10.03  26 NOV 2001
ASSET MANAGEMENT LTD

From:  Andrew Cotton (Company Secretary)