Holding(s) in Company

Morgan Crucible Co PLC
16 October 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:

Legal & General Investment Management Limited

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 775245 1,017,287

shares; HSBC Global Custody Nominee (UK) Ltd 754612 250,000 shares; HSBC Global
Custody Nominee (UK) Ltd A/c 360509 280,026 shares; HSBC Global Custody Nominee
(UK) Ltd A/c 357206 4,637,663 shares; HSBC Global Custody Nominee (UK) Ltd A/c
130007 250,000 shares; HSBC Global Custody Nominee (UK) Ltd A/c 866203 202,400
shares; HSBC Global Custody Nominee (UK) Ltd A/c 747381 351,000 shares.

5)           Number of shares/amount of stock acquired:

480,000 shares

6)           Percentage of issued class:

O.21%

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:

14th October 2002

11)       Date company informed:

Faxed letter dated 15/10/02 received 16/10/02

12)       Total holding following this notification:

6,988,376 shares

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

3.01%

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 October 2002



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