Holding(s) in Company

Morgan Crucible Co PLC
16 April 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:

Classic Fund Management A.G.





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:

Classic Global Equity Fund 9,281,553 shares; Classic Leveraged
Equity Fund 343,703 shares.





5)           Number of shares/amount of stock acquired:

N/A



6)           Percentage of issued class:

N/A



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:

Not known



11)       Date company informed:

By e mail received 15/4/03



12)       Total holding following this notification:

9,625,256



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

4.148%



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:

16th April 2003








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