Holding in Company

Macfarlane Group PLC
17 December 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 Legal & General      4,243,988    3.55%      17 Dec 2001


LETTER FROM MACFARLANE GROUP