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Morgan Crucible Co (MGAM)

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Tuesday 17 September, 2002

Morgan Crucible Co

Holding(s) in Company

Morgan Crucible Co PLC
17 September 2002

                                  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 845315 2,565 shares;
HSBC Global Custody Nominee (UK) Ltd A/C 845017 1,200,000 shares; HSBC Global
Custody Nominee (UK) Ltd A/C 777086 41,796 shares; HSBC Global Custody Nominee
(UK) Ltd A/C 777094 30,000 shares; HSBC Global Custody Nominee (UK) Ltd A/C
777167 37,580 shares; HSBC Global Custody Nominee (UK) Ltd A/C 785078 8,038
shares; HSBC Global Custody Nominee (UK) Ltd A/C 873426 25,390 shares; HSBC
Global Custody Nominee (UK) Ltd A/C 867815 1,108,484 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 867396 1,687,683 shares; HSBC Global Custody Nominee (UK)
Ltd A/C 867530 200,000 shares; HSBC Global Custody Nominee (UK) Ltd A/C 867372
5,153,862 shares; HSBC Global Custody Nominee (UK) Ltd A/C  887553 19,570
shares; HSBC Global Custody Nominee (UK) Ltd A/C 887565 14,910 shares; HSBC
Global Custody Nominee (UK) Ltd A/C 887577 17,100 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 887589 16,750 shares;  HSBC Global Custody Nominee (UK) Ltd
A/C 887590 15,600 shares; HSBC Global Custody Nominee (UK) Ltd A/C 887607 12,180
shares; HSBC Global Custody Nominee (UK) Ltd A/C 887619 10,518 shares;     HSBC
Global Custody Nominee (UK) Ltd A/C 867116 646,575 shares;  HSBC Global Custody
Nominee (UK) Ltd A/C 867268 601,717 shares; HSBC Global Custody Nominee (UK) Ltd
A/C 867050 2,251,220 shares; RBSTB Nominees designation Sunpen 247,436 shares;
Sun Life International Isle of Man Ltd A/C SLI 11 1,001,500 shares; Chase
Nominees Ltd A/C BTO1C 801,188 shares;  Chase Nominees Ltd A/C 00994 1,533,648
shares; Other Accounts 4,519,024 shares; HSBC Global Custody Nominee (UK) Ltd A/
C 880868 2,500,000 shares; HSBC Global Custody Nominee (UK) Ltd A/C 904009
14,900 shares; Axa Equity & Law Nominees Ltd A/C AXARE 200,000 shares; HSBC
Global Custody Nominee (UK) Ltd A/C 845029 1,400,000 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 16/9/02

12)           Total holding following this notification:

11,149,963 non-material; 14,149,963 material

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

4.81% non-material; 6.11% material

14)       Any additional information:

N/A

15)       Name of contact and telephone number for queries:

Mr D.J. Coker, Company Secretary tel. 01753 837222

16)       Name and signature of authorised company official responsible  for
making this notification:

Mr D.J. Coker

17)       Date of notification:

17th September 2002



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