Holding(s) in Company

Morgan Crucible Co PLC
24 August 2004

The Morgan Crucible Company plc


The Company was informed that on 23 August 2004, the Trustees of The Morgan
General Employee Benefit Trust ('the Trust') acquired 2,300,000 ordinary shares
in the capital of the Company at an average price of £1.418064 per share to
satisfy future obligations arising from provisional share option awards made
under The Morgan Crucible Long Term Incentive Plan 2004, and share options
granted under The Morgan Crucible Executive Share Option Scheme 2004.

Following this purchase, the Trust holds a total of 2,720,080 ordinary shares
representing 0.9% of the share capital of the Company. The class of
discretionary beneficiaries for whom the Trust holds such shares consists of
employees of the Company including executive directors Warren Decatur Knowlton
and Nigel Robert Young and these directors are accordingly deemed to be
beneficially interested in all of such shares held by the Trust.




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