Holding(s) in Company

Macfarlane Group PLC
19 March 2002


LETTER TO: COMPANY ANNOUNCEMENT OFFICE


Substantial shareholdings      

In response to a request for confirmation we have been notified in accordance
with the Companies Act that the following shareholders hold the number of shares
set out below:-

                                            Number      
                                         of shares        %       Date notified

Funds managed by Credit Suisse 
Asset Management                        12,541,454     10.52%       18 Mar 2002

Funds managed by Schroders               8,622,701      7.23%       15 Mar 2002

Lord Macfarlane of Bearsden KT 
and Lady Macfarlane                      4,783,170      4.01%       15 Mar 2002

Funds managed by Legal & General         4,178,988      3.50%       15 Mar 2002


LETTER FROM: MACFARLANE GROUP PLC



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