Completion of Disposal

Morgan Crucible Co PLC
09 December 2005


                          SALE OF MAGNETICS DIVISION

The Morgan Crucible Company plc is pleased to announce that it has completed the
sale of its Magnetics division to One Equity Partners. This follows the approval
from shareholders at the Extraordinary General Meeting held on 10 November 2005.


For further information please contact:

The Morgan Crucible Company plc 
Victoria Gould, Director of Group Communications        01753 837 000

Finsbury Group
Robin Walker                                            020 7251 3801



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