Holding in Company

Morgan Crucible Co PLC
25 October 2001

                                 SCHEDULE 10



                  NOTIFICATION OF MAJOR INTERESTS IN SHARES




1)   Name of company:
     The Morgan Crucible Company plc


2)   Name of shareholder having a major interest:
     AXA S.A.



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:
    
Beneficial and non-beneficial interest of the shareholder named in 2 and its
subsidiaries.



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

HSBC Global Custody Nominee (UK) Ltd A/C 845315 5,988 shares; HSBC Global
Custody Nominee (UK) Ltd A/C 845029 265,506 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 845017 1,200,000 shares; HSBC Global Custody Nominee (UK)
Ltd A/C 845005 287,582 shares; Bank Generale Luxembourg A/C 750749 2,973
shares; HSBC Global Custody Nominee (UK) Ltd A/C 777043 99,027 shares; HSBC
Global Custody Nominee (UK) Ltd A/C 777086 41,796 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 777094 30,000 shares; HSBC Global Custody Nominee (UK)Ltd
A/C 777167 37,580 shares; HSBC Global Custody Nominee (UK)Ltd A/C 785078 8,038
shares; HSBC Global Custody Nominee (UK) Ltd A/C 873426 37,900 shares; HSBC
Global Custody Nominee (UK) Ltd A/C 867815 1,112,874 shares; HSBC Global
Custody Nominee (UK) Ltd A/C  867396 1,687,683 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 867530 200,000 shares; HSBC Global Custody Nominee (UK)
Ltd A/C 867372 5,153,862 shares; HSBC Global Custody Nominee (UK) Ltd A/C
887553 4,320 shares; HSBC Global Custody Nominee (UK) Ltd A/C 887565 4,618
shares; HSBC Global Custody (UK) Ltd A/c 887577 4,618 shares; HSBC Global
Custody Nominee (UK) Ltd A/C 887589 4,618 shares;  HSBC Global Custody Nominee
(UK) Ltd A/C 887590 4,618 shares; HSBC Global Custody Nominee (UK) Ltd A/C
887607 4,618 shares; HSBC Global Custody Nominee (UK) Ltd A/C 887619 4,618
shares; HSBC Global Custody Nominee (UK) Ltd A/C 776934 6,741,184 shares; HSBC
Global Custody Nominee (UK) Ltd A/C 867116 646,575 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 867268 601,717 shares; HSBC Global Custody Nominee (UK)
Ltd A/C 867050 2,251,220 shares; RBSTB Nominees designation Sunpen 69,696
shares; Sun Life International Isle of Man Ltd A/C SLI 11 1,500 shares; Chase
Nominees Ltd A/C BTO1C 801,188 shares; AXA Sun Life plc 6,475,250 shares;
HSBC Global Custody Nominee (UK) Ltd A/C 880868 222,582 shares; Chase Nominees
Ltd A/C 00994 1,937,448 shares; Bankhaus Sal Oppenheim 87,000 shares; AXA
Financial Inc 2,369,094 shares; Citibank 21,357 shares.



5)  Number of shares/amount of stock acquired:
    Not known

6)  Percentage of issued class:
    Not known


7)  Number of shares/amount of stock disposed:
    Not known


8)  Percentage of issued class:
    Not known


9)  Class of Security:
    Ordinary shares of 25p


10) Date of Transaction:
    Not known


11) Date company informed:
    Letter dated 23/10/01



12) Total holding following this notification:
    6,653,871 non-material; 25,774,777 material



13) Total percentage holding of issued class following this notification:
    2.87% non-material; 11.11% material


   
14) Any additional information:
    Not known



15) Name of contact and telephone number for queries:
    Mr D.J. Coker, Company Secretary tel. [phone]



16) Name and signature of authorised company official responsible for
making this notification:
    Mr D.J. Coker



17) Date of notification:
    25th October 2001