Holding(s) in Company

Melrose PLC
08 December 2003


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Melrose PLC

2. Name of shareholder having a major interest

J.P. Morgan Chase & Co.

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

J.P. Morgan Chase & Co. and various subsidiaries, including (but not limited to)
J.P. Morgan Fleming Asset Management (UK) Limited and The Fleming Mercantile
Investment Trust plc

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


5. Number of shares / amount of stock acquired

 300,000

6. Percentage of issued class

2.28%

7. Number of shares / amount of stock disposed


8. Percentage of issued class


9. Class of security

Ordinary shares of 0.1p each

10. Date of transaction


11. Date company informed

08 December 2003

12. Total holding following this notification

1,400,000

13. Total percentage holding of issued class following this notification

10.67%

14. Any additional information

The Fleming Mercantile Trust plc has a material interest in 9.90%

15. Name of contact and telephone number for queries

Simon Peckham, 020 7716 5820

16. Name and signature of authorised company official responsible for making
this notification

Simon Peckham

Date of notification

08 December 2003

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