Holding in Company

Weir Group PLC
31 July 2001




LETTER TO:   WEIR GROUP PLC

12.5p ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 21,868,312 shares which are held in portfolios managed by us on a
discretionary basis for clients under investment management agreements.

We believe our interest represents 10.866% of the total number of shares in
issue, namely 200,885,877 shares.

Included in this figure are:-

(i)  11,467,165 shares registered or to be registered in the name of our
     wholly-owned subsidiary nominee company, Schroder Nominees Limited
     (Schroder Nominees),

(ii) 518,740 shares held in (a) unit trust(s) operated and managed by
     another wholly-owned subsidiary, Schroder Unit Trusts Limited (SUTL), and
     registered or to be registered in the name of Chase Nominees Limited.

(iii) 9,882,407 shares neither registered nor to be registered in the name of
      Schroder Nominees or Chase Nominees Limited. The registration details are 
      shown in the schedule below.

This notification is made to you:

(a) in respect of our interest as investment managers and also by virtue of the
    fact that we are the parent company of SUTL.

(b) on behalf of SUTL in relation to the interests they are treated as having   
    respectively under the Companies Act 1985 (the Act), and

(c) on behalf of Schroders plc., our holding company, which is treated as
    having an interest in all of the above shares under the Act by virtue of
    its ownership of ourselves.


FROM:    ALISON DUNN
         REGULATORY REPORTING OFFICER


                         SCHEDULE

                
                   12.5p ORDINARY SHARES

REGISTRATION                                                  AMOUNT
Bank of England Nominees Limited                               5,500
Bank of New York                                             100,000
Bath Street Nominees Limited                                  20,000
British Coal Staff Superannuation Scheme (Client) Nominees 
Limited P a/c                                              1,453,900
BT Globenet Nominees Limited a/c: 6B                         500,000
MSS Nominees Limited a/c: 767412                              75,000
Chase Nominees Limited                                     2,617,579
Chase Nominees Limited a/c: F02391                           883,819
Mine-workers Pension Scheme (Client) Nominees Ltd R a/c      641,100
MSS Nominees Limited a/c: 756593                             224,473
MSS Nominees Limited a/c: 831286                           1,022,983
MSS Nominees Limited a/c: 809797                             170,971
Nortrust Nominees Limited                                  1,185,441
Nutraco Nominees Limited                                     201,714
RBSTB Nominees Limited                                        52,300
RBSTB Nominees Limited a/c: AAUKPS                            82,500
RBSTB Nominees Limited a/c: ESPSBEB                          121,627
Strand Nominees Limited a/c: EDIC                              3,000
Nortrust Nominees Ltd a/c: SRC13                              35,000
MSS Nominees Ltd a/c: 809955                                 221,000
Morgan Nominees a/c: B                                       220,500
Royal Bank of Scotland                                        44,000
                                                           ---------
                                                           9,882,407
                                                           ---------