Holding(s) in Company

Morgan Crucible Co PLC
15 May 2003

                                  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 2,565 shares; HSBC Global
Custody Nominee (UK) Ltd A/C 845017 1,200,000 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 14,990 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 867815 1,108,484 shares; HSBC Global Custody Nominee (UK)
Ltd A/C 867396 1,687,683 shares; HSBC Global Custody Nominee (UK) Ltd A/C 867530
846,575 shares; HSBC Global Custody Nominee (UK) Ltd A/C 867372 5,153,862
shares; HSBC Global Custody Nominee (UK) Ltd A/C 867268 601,717 shares; BNY
(OCS) Nominees Ltd 48,936 shares; Sun Life International (IOM) Ltd A/C SLI 11
1,501,500 shares; Chase Nominees Ltd A/C BTO1C 801,188 shares; Chase Nominees
Ltd A/C 00994 1,533,648 shares; Other Accounts 6,389,546 shares; HSBC Global
Custody Nominee (UK) Ltd A/C 880868 500,000 shares; HSBC Global Custody Nominee
(UK) Ltd A/C 845029 500,000 shares; HSBC Global Custody Nominee (UK) Ltd A/C
844359 1,641,999 shares; Citibank Crest: BAO1F 150,000 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 dated 15/5/03



12)       Total holding following this notification:

12,050,162 non-material; 11,749,945 material



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

5.19% non-material; 5.06 material



14)       Any additional information:

N/A



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:

15th May 2003








                      This information is provided by RNS
            The company news service from the London Stock Exchange