Holding(s) in Company

Morgan Crucible Co PLC
17 March 2004

                                  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 845017 1,500,000 shares; HSBC Global
Custody Nominee (UK) Ltd A/C 844359 794,419 shares; HSBC Global Custody Nominee
(UK) Ltd A/C 897396 2,109,603 shares;

HSBC Global Custody Nominee (UK) Ltd A/C 867530 846,575 shares; HSBC Global
Custody Nominee (UK) Ltd A/C 867372 6,442,327 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 867268 500,000 shares;   BNY (OCS) Nominees Ltd 2,000
shares; Other Accounts 3,586,763  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:

Faxed letter dated 16/3/04 received 16/3/04



12) Total holding following this notification:

9,925,505 material; 5,856,182 non-material



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

3.42 material; 2.02 non-material



14) Any additional information:

N/A



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:

17th March 2004








                      This information is provided by RNS
            The company news service from the London Stock Exchange