Holding(s) in Company

Marshalls PLC
08 September 2004

8 September 2004

MARSHALLS PLC

Disclosure of Interest

The Company was notified on 7 September 2004 pursuant to Section 198 of the
Companies Act 1985 by AXA Investment Managers UK Limited that AXA S.A. and its
Group companies are to be regarded as having a beneficial interest in 8,502,021
shares in Marshalls plc, representing 6.00% of the issued share capital.

Enquiries: Ian Burrell, Company Secretary, Marshalls plc 01484 438930



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