Holding(s) in Company

Marshalls PLC
25 November 2004


FOR IMMEDIATE RELEASE

25 November 2004

MARSHALLS PLC

Disclosure of Interest

The Company was notified on 24 November 2004 pursuant to Section 198 of the
Companies Act 1985 by AXA Investment Managers UK Limited that AXA S.A. and its
Group companies are to be regarded as having a beneficial interest in 8,258,426
shares in Marshalls plc, representing 5.82% of the issued share capital.

Enquiries:   Ian Burrell, Company Secretary, Marshalls plc 01484 438900


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