Holding(s) in Company

Macfarlane Group PLC
13 November 2003


Letter to  RNS

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

Name                     No of Shares     %          Date notified

Britel Fund Trustees      3,453,369      3.002%      12 November 2003
Limited
The Trustees of BT
Pension Scheme


Letter from  Macfarlane Group Plc



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