Holding(s) in Company

Morgan Crucible Co PLC
15 October 2007


TR-1: Notifications of Major Interests in Shares




1. Identity of the issuer or the underlying issuer of                 Morgan Crucible Company
existing shares to which voting rights are attached:                            plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights                                   yes

An acquisition or disposal of financial instruments which may result in the acquisition
of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to notification                     Schroders plc
obligation:

4. Full name of shareholder(s) (if different from
3):


5. Date of transaction (and date on which the                            11.10.07
threshold is crossed or reached if different):


6. Date on which issuer notified:                                        12.10.07


7. Threshold(s) that is/are crossed or reached:                          Under 5%




8: Notified Details
A: Voting rights attached to shares


Class/type of      Situation previous to the Resulting situation after the triggering transaction
shares             triggering transaction
                   Number of    Number of    Number of     Number of voting rights   Percentage of voting
If possible use    shares       voting       shares                                  rights
ISIN code                       rights

                                                           Direct       Indirect     Direct      Indirect
Ordinary
GB0006027295       27,438,270   27,438,270        N/A          N/A      12,494,272      N/A        4.522%



B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial    Expiration date      Exercise/ conversion No. of voting rights  Percentage of voting
instrument                                period/date          that may be acquired  rights
                                                               (if the instrument
                                                               exercised/converted)

Total (A+B)

Number of voting rights                              Percentage of voting rights
      12,494,272                                             4.522%


9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively
held, if applicable:

Schroder Investment Management Limited     12,297,047   4.45%

Schroder & Co    195,697     0.070%

Schroders (CI) Limited   1,528   0.0006%


Proxy Voting:


10. Name of proxy holder:


11. Number of voting rights proxy holder will cease
to hold:


12. Date on which proxy holder will cease to hold
voting rights:


13. Additional information:                           The shares referred to in section 9 are held in
                                                      portfolios managed by those firms on a discretionary
                                                      basis for clients under investment management
                                                      agreements.

14 Contact name:                                      T A Bigmore

15. Contact telephone name:                           01753 837000






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