Holding(s) in Company

Eleco PLC
5 February 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     ELECO PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     1) MATS LOVGREN
     2) ANDERS LOVGREN

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

     HOLDING OF SHAREHOLDERS IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     1) MATS LOVGREN
     2) ANDERS LOVGREN

5)   Number of shares/amount of stock acquired.

     1) 2,622,628
     2) 2,622,628

6)   (%) of issued Class

     1)  5.38 %
     2)  5.38 % 

7)   Number of shares/amount of stock disposed

      -

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY 10P SHARES

10)  Date of transaction

     5/2/03

11)  Date company informed

     5/2/03

12)  Total holding following this notification

     1) 2,622,628
     2) 2,622,628
               
13)  Total percentage holding of issued class following this notification

     1) 5.38%
     2) 5.38%

14)  Any additional information
      
     REPRESENTS ALLOTMENT OF CONSIDERATION SHARES ON ACQUISITION OF CONSULTEC 
     GROUP AB BY ELECO PLC.


15)  Name of contact and telephone number for queries

     LAURENCE HOLDCROFT
     GROUP COMPANY SECRETARY
     ELECO PLC
     01920 443830     

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

     Date of Notification .......5/2/2003............


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