Holding(s) in Company

Macfarlane Group PLC
15 November 2002

Letter to:  RNS

Substantial shareholding 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          %          Date notified
                                  shares

The Alliance Trust PLC and      4,432,024        3.85%           13/11/2002
the Second Alliance Trust PLC

Letter from:   MACFARLANE GROUP PLC

                      This information is provided by RNS
            The company news service from the London Stock Exchange