New Banking Facilities

Morgan Crucible Co PLC
14 April 2005



14th April 2005




                             New Banking Facilities


The Morgan Crucible Company plc ('Morgan') announces that it has recently signed
a new US$350 million 5-year committed multicurrency revolving credit facility.
This will replace a number of existing shorter-dated and more expensive
facilities, thereby extending the maturity of the group's debt, and reducing
cost. The facility was self-arranged by Morgan and was provided by a core of
seven banks.

Commenting on the refinancing, Mark Robertshaw, Chief Financial Officer, said:

'Taking account of the new facilities and the existing Private Placement notes,
Morgan now has ample headroom for the foreseeable future.'



For further information please contact:


The Morgan Crucible Company plc
Victoria Gould, Director of Group Communications     01753 837 000


Finsbury Group
Charlotte Hepburne-Scott                             020 7251 3801



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