Holding(s) in Company

Macfarlane Group PLC
28 April 2003



Letter to: London Stock Exchange


We have been notified in accordance with the Companies Act that the following
shareholding holds the number of shares set out below:-

                                   Number
                                   of shares          %          Date notified
          
Second Advance Value Realisation   7,527,083         6.54%         25/4/03
Company Ltd

From:  Andrew Cotton
       Company Secretary
       Macfarlane Group PLC





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