Holding(s) in Company

Morgan Crucible Co PLC
16 August 2002

                                  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:

Classic Fund Management A.G.

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:

Classic Global Equity Fund 8,031,553 shares; Classic Leveraged

Equity Fund 138,935 shares.

5)           Number of shares/amount of stock acquired:

N/A

6)           Percentage of issued class:

N/A

7)           Number of shares/amount of stock disposed:

N/A

8)           Percentage of issued class:

N/A



9)           Class of Security:

Ordinary shares of 25p

10)       Date of Transaction:

Not known

11)       Date company informed:

By e mail received 16/8/02

12)       Total holding following this notification:

8,170,488



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

3.52%



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:

16th August 2002


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