Significant Shareholding

Metrocapital PLC
22 June 2004


FOR IMMEDIATE RELEASE                                               22 June 2004


               METROCAPITAL PLC ('Metrocapital' or the 'Company')

                            Significant Shareholding

The Company were informed today that following the disposal today of 5,833,333
Ordinary Shares at 3.75p each, the Griffin Group plc no longer has any shares in
the Company.


ENDS




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