Directorate/Trading Update

Morgan Crucible Co PLC
20 December 2001

                       The Morgan Crucible Company plc


The Board of Morgan announces that the Finance Director, Mr. David Davies, has
advised that he is intending to resign from the Company on 31st March 2002 in
order to take up an appointment as Chief Financial Officer of OMV a.g. based
in Vienna.  OMV is an Austrian oil and gas company with sales in 2000 of Euro
7.5 billion.



An announcement concerning the appointment of a successor will be made in due
course.



Group Chief Executive, Ian Norris, said 'I would like to thank David for his
contribution over the last two years and wish him every success in his new
position'.



Our trading results to date are broadly in line with market expectation.
Since our statement of 29th October 2001, our forward order intake has shown
an improving trend.  Whilst this is encouraging our markets continue to be
demanding.





It is our intention to issue an update regarding our previously announced cost
reduction programme early in February.







20th December 2001


Dr. E. B. Farmer, CBE, Chairman           Registered office
Ian Norris, Group Chief Executive         Morgan House
On behalf of the Board                    Madeira Walk
                                          Windsor
                                          Berkshire SL4 1EP
                                          Registered in England number 286773

Enquiries:
Ian Norris, Group Chief Executive         01753 837000
David Davies, Finance Director

Locksley Ryan/Harry Chathli, Brunswick    020 7404 5959