Holding(s) in Company

Macfarlane Group PLC
20 May 2002


LETTER TO: RNS

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
  Fidelity International Limited         4,602,776     3.87%       20 May 2002


LETTER FROM: MACFARLANE GROUP PLC



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