Holding(s) in Company

Macfarlane Group PLC
24 December 2003


TO: RNS

We have been notified in accordance with the companies act that the following 
shareholders hold the number of shares set out below.
 
Name                             No. of shares          %          Date notified

BrTel Fund Trustees Ltd              5,131,223      4.461%      23 December 2003
The Trustees of BT Pension Scheme 
Royal Mail Pensions Trustees Ltd     3,652,038      3.175%      23 December 2003
Possfund Custodian Trustee Ltd

FROM: MACFARLANE GROUP PLC 


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