Holding in Company

Morgan Crucible Co PLC
3 December 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:

    AXA S.A.


 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 and non-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:

    HSBC Global Custody Nominee (UK) Ltd A/C 845315 5,988 shares; HSBC Global
    Custody Nominee (UK) Ltd A/C 845029 31,680 shares; HSBC Global Custody
    Nominee (UK) Ltd A/C 845017 1,200,000 shares; HSBC Global Custody Nominee
    (UK) Ltd A/C 845005 34,314 shares; Bank Generale Luxembourg A/C 750749 354
    shares; HSBC Global Custody Nominee (UK) Ltd A/C 777043 99,027 shares;
    HSBC Global Custody Nominee (UK) Ltd A/C 777086 41,796 shares; HSBC Global
    Custody Nominee (UK) Ltd A/C 777094 30,000 shares; HSBC Global Custody
    Nominee (UK)Ltd A/C 777167 37,580 shares; HSBC Global Custody Nominee (UK)
    Ltd A/C 785078 8,038 shares; HSBC Global Custody Nominee (UK) Ltd A/C
    873426 28,900 shares; HSBC Global Custody Nominee (UK) Ltd A/C 867815
    1,112,874 shares; HSBC Global Custody Nominee (UK) Ltd A/C 867396
    1,687,683 shares; HSBC Global Custody Nominee (UK) Ltd A/C 867530 200,000
    shares; HSBC Global Custody Nominee (UK) Ltd A/C 867372 5,153,862 shares;
    HSBC Global Custody Nominee (UK) Ltd A/C 887553 4,320 shares; HSBC Global
    Custody Nominee (UK) Ltd A/C 887565 4,618 shares; HSBC Global Custody (UK)
    Ltd A/c 887577 4,618 shares; HSBC Global Custody Nominee (UK) Ltd A/C
    887589 4,618 shares; HSBC Global Custody Nominee (UK) Ltd A/C 887590 4,618
    shares; HSBC Global Custody Nominee (UK) Ltd A/C 887607 4,618 shares; HSBC
    Global Custody Nominee (UK) Ltd A/C 887619 4,618 shares; HSBC Global
    Custody Nominee (UK) Ltd A/C 776934 6,195,729 shares; HSBC Global Custody
    Nominee (UK) Ltd A/C 867116 646,575 shares; HSBC Global Custody Nominee
    (UK) Ltd A/C 867268 601,717 shares; HSBC Global Custody Nominee (UK) Ltd A
    /C 867050 2,251,220 shares; RBSTB Nominees designation Sunpen 60,536
    shares; Sun Life International Isle of Man Ltd A/C SLI 11 1,500 shares;
    Chase Nominees Ltd A/C BTO1C 801,188 shares; AXA Sun Life plc 6,475,250
    shares; HSBC Global Custody Nominee (UK) Ltd A/C 880868 26,558 shares;
    Chase Nominees Ltd A/C 00994 1,937,448 shares; Other Accounts 2,704,593
    shares


 5. Number of shares/amount of stock acquired:

    Not known
 6. Percentage of issued class:

    Not known
 7. Number of shares/amount of stock disposed:

    Not known
 8. Percentage of issued class:

    Not known
 9. Class of Security:

    Ordinary shares of 25p
10. Date of Transaction:

    Not known
11. Date company informed:

    Letter received 30/11/01
12. Total holding following this notification:

    6,177,276 non-material; 25,229,162 material
13. Total percentage holding of issued class following this notification:

    2.66% non-material; 10.88% material
14. Any additional information:

    Not known
15. Name of contact and telephone number for queries:

    Mr D.J. Coker, Company Secretary tel. [phone]
16. Name and signature of authorised company official responsible for making
    this notification:

    Mr D.J. Coker
17. Date of notification:


        3rd December 2001