Disclosure of Interest

Marshalls PLC
27 April 2001


Marshalls Plc
Disclosure of Interest

The Company has today been notified pursuant to the Companies Act 1985 that,
following a recent purchase of shares, AXA S.A. are to be regarded as having a
material interest in 5,043,575 shares in Marshalls Plc, representing 3.03% of
the issued share capital.

The shares held are registered as follows:-

HSBC Global Custody Nominees (UK) Limited   2,371,575
RBSTB Nominees Designation SUNPEN             119,000
AXA Sun Life Plc                            2,553,000


Enquiries:  Richard Monro, Marshalls Plc - 01422 306546