Director Shareholding

Morgan Crucible Co PLC
19 March 2004

                                  SCHEDULE 11



          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1)  Name of company:

The Morgan Crucible Company plc



2)  Name of director:

Sir Alan Cox



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 or in respect of a non-beneficial
interest:

Director named in 2



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

A.G. COX SETTLEMENT TRUST



5)  Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s):

Director named in 2 has beneficial interest



6)  Please state the nature of the transaction.  For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary:

Sale



7)  Number of shares/amount of stock acquired:

NIL





8)  Percentage of issued class:

NIL



9)  Number of shares/amount of stock disposed:

58,162



10) Percentage of issued class:

0.020



11) Class of security:

Ordinary shares of 25p



12) Price per share:

133p



13) Date of transaction:

18/3/04



14) Date of notification:

19/3/04



15) Total holding following this notification:

58,163



16) Total percentage holding of issued class following this notification:

0.020



If a director has been granted options by the company, please complete the
following fields:



17) Date of grant:

N/A



18) Period during which or date on which exercisable:

N/A



19) Total amount paid (if any) for grant of the option:

N/A



20) Description of shares or debentures involved: class, number:

N/A



21) Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise:

N/A



22) Total number of shares or debentures over which options held following this
notification:

N/A



23) Any additional information:

N/A



24) Name of contact and telephone number for queries:

Mr D.J. Coker 01753 837222



25) Name and signature of authorised company official responsible for making
this notification:

Mr D.J. Coker

Company Secretary



Date of Notification:

19th March 2004



                                  SCHEDULE 11



          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1)  Name of company:

The Morgan Crucible Company plc



2)  Name of director:

Mr Warren Decatur Knowlton



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 or in respect of a non-beneficial
interest:

Director named in 2



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

Mr Warren Decatur Knowlton



5)  Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s):

Director named in 2



6)  Please state the nature of the transaction.  For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary:

Grant of Option



7)  Number of shares/amount of stock acquired:

NIL





8)  Percentage of issued class:

NIL



9)  Number of shares/amount of stock disposed:

NIL



10) Percentage of issued class:

NIL



11) Class of security:

N/A



12) Price per share:

N/A



13) Date of transaction:

N/A



14) Date of notification:

N/A



15) Total holding following this notification:

N/A



16) Total percentage holding of issued class following this notification:

N/A



If a director has been granted options by the company, please complete the
following fields:



17) Date of grant:

19th March 2004



18) Period during which or date on which exercisable:

19th March 2007- 18th March 2014



19) Total amount paid (if any) for grant of the option:

N/A



20) Description of shares or debentures involved: class, number:

Ordinary shares of 25p each, 263,000



21) Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise:

126.40p



22) Total number of shares or debentures over which options held following this
notification:

2,104,000



23) Any additional information:

Option granted pursuant to The Morgan Executive Share Option Scheme 1995
(adjusted for Rights Issue)



24) Name of contact and telephone number for queries:

Mr D.J. Coker 01753 837222



25) Name and signature of authorised company official responsible for making
this notification:

Mr D.J. Coker

Company Secretary



Date of Notification:

19th March 2004








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