Holding(s) in Company

Macfarlane Group PLC
1 April 2003


Letter to RNS

Substantial shareholdings  Macfarlane Group PLC

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

Holder                            Number       % held      Date of notification
                                  or Shares

Deutsche Bank AG                  7,677,712     6.68%      31 March 2003

M & G Group Limited               4,519,000     3.93%      31 March 2003
(part of Prudential plc)          

Legal & General Investment        4,326,762     3.76%      31 March 2003
Management Limited                

The Alliance Trust plc and        3,732,024     3.24%      31 March 2003
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