Holding in Company

Alumasc Group PLC
25 October 2000

                         THE ALUMASC GROUP PLC
                          NOTIFIABLE INTEREST

Alumasc, the specialist engineering and building products group, was advised on
24 October 2000 that while Schroder Investment Management Limited, continue to
have an interest in the above-mentioned shares, it ceases to have a notifiable
interest for the purposes of Part VI of the Companies Act 1985 since it
represents less than 10% of the nominal value of the issued share capital.

Enquiries:

The Alumasc Group plc
David Sowerby (Group Finance Director)
01536 383844