Holding(s) in Company

Morgan Crucible Co PLC
30 January 2004



NOTIFICATION OF CHANGE OF INTERESTS IN SHARES





The Morgan Crucible Company plc (the 'Company') received notice on 29th January
2004 that, in accordance with Part V1 of the Companies Act 1985, Schroder
Investment Management Limited and its subsidiary and affiliated companies no
longer have a notifiable interest in the Company's Ordinary Shares of 25 pence
each following their holding now representing less than 10% of the nominal value
of the Company's share capital.




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