Holding in Company

MFI Furniture Group PLC
3 July 2001

FOR IMMEDIATE RELEASE

3 July 2001


                           MFI Furniture Group PLC


Notifications Under S.198-202 UK Companies Act

Notice received on 27 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
39,980,003 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                                               125,600
Clydesdale Bank (Head Office) Nominees Limited                       17,651,003
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                          358,600
Chase Nominees Ltd.                                                     410,400
State Street Bank & Trust                                             1,050,590
Bankers Trust                                                         1,144,350
HSBC Client Holdings Nominee (UK) Limited                            11,747,617
Northern Trust                                                        1,748,680
RBS Trust Bank                                                        2,233,130
Citibank                                                                116,900
Bank of New York Europe                                                 123,200
Mellon Trust                                                            465,690
Nortrust Nominees Ltd                                                   376,950
JP Morgan                                                               314,970
KAS Associate                                                           142,300

Total Ordinary Shares:                                               39,980,003

Current Ownership Percentage:                                             6.72%

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