Holding in Company

MFI Furniture Group PLC
18 June 2001

18 June 2001


                           MFI Furniture Group PLC

Notification Under S.198-202 UK Companies Act

Notice received on 15 June 2001 from Fidelity Management & Research on behalf
of itself and its subsidiary companies and Fidelity International Ltd and its
direct and indirect subsidiary companies and their principal shareholder, Mr
Edward C. Johnson.

The Notice states that the above-mentioned companies hold a total of
46,315,873 ordinary shares of 10p each in MFI Furniture Group PLC on behalf of
various investment companies and institutional clients. The interests were
acquired solely for investment purposes and are held non-beneficially. They
are registered as follows:

State Street Nominees Ltd                                               120,200
Chase Nominees Limited                                                1,966,800
HSBC                                                                     85,900
State Street Nominees Ltd                                               205,600
Clydesdale Bank (Head Office) Nominees Limited                       18,993,003
RBS Trust Bank                                                          885,700
Nortrust Nominees Ltd                                                   148,700
Chase Nominees Ltd                                                      262,200
BT Globenet Nominees Ltd                                                 85,000
Citibank                                                                150,400
Bank of New York Europe                                                 438,023
Clydesdale Bank (Head Office) Nominees Limited                          405,830
Chase Nominees Ltd                                                      410,400
State Street Bank & Trust                                             1,271,710
Bankers Trust                                                         1,280,950
HSBC Client Holdings Nominee (UK) Limited                            13,073,597
Northern Trust                                                        2,443,650
RBS Trust Bank                                                        2,414,040
Citibank                                                                116,900
Bank of New York Europe                                                 123,200
Mellon Trust                                                            530,300
Nortrust Nominees Ltd                                                   427,630
JP Morgan                                                               314,970
KAS Associate                                                           161,170

Total Ordinary Shares:                                               46,315,873

Current Ownership Percentage:                                             7.79%

Shares in issue:                                                    594,893,021


The disclosable interest is stated as arising under section 208 (4) (b) or
section 203 of the Act.


Gerard Hughes Company Secretary 0208 200 8000




END