Holding in Company

Weir Group PLC
5 June 2001

Letter to Company Announcements Office

We confirm having today received notification from Franklin Resources Inc and
its affiliates in terms of the Companies Act 1985 that the companies as set out
in the schedule below have a notifiable interest in the issued share capital of
the company.

                                   SCHEDULE 
                                WEIR GROUP plc 
   
                                Outstanding Shares                 200,886,000

Registered Holder                      No. of Shares                % of Class

Chase Nominees Ltd Woolgate House      1,257,026                    0.6257%
Coleman Street London EC2P 2HD
     
Clydesdale Bank plc London             2,828,700                    1.4081%

TOTAL                                  4,085,726                    2.0339%


Letter from Weir Group Plc