Holding in Company

Morgan Crucible Co PLC
7 August 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company:
The Morgan Crucible Company plc

2) Name of shareholder having a major interest:
CGNU plc through its subsidiary, Morley Fund Management Limited.

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:

Beneficial interest of the shareholder named in 2 and its subsidiaries.

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

BNY Norwich Union Nominees Ltd (4,226,900 shares); Chase GA Group Nominees Ltd
(1,431,590 shares) and CUIM Nominee Ltd (3,631,375 shares).

5) Number of shares/amount of stock acquired:
2,086,396

6) Percentage of issued class:
0.9%

7) Number of shares/amount of stock disposed:

N/A

8) Percentage of issued class:
N/A

9) Class of security:
Ordinary shares of 25p

10) Date of transaction:
06/08/01

11) Date company informed:
Letter dated 06/08/01 received 07/08/01

12) Total holding following this notification:
9,289,865

13) Total percentage holding of issued class following this notification:
4.01%

14) Any additional information:
N/A

15) Name of contact and telephone number for queries:
Mr D.J. Coker, Company Secretary

16) Name and signature of authorised company official responsible for
making this notification
Mr D.J. Coker

17. Date of notification:

7th August 2001