Holding in Company

MFI Furniture Group PLC
24 September 2001

FOR IMMEDIATE RELEASE

24 September 2001



                           MFI Furniture Group PLC



Notifications Under S.198-202 UK Companies Act

Notice received on 19 September 2001 from Fidelity Management & Research on
behalf of itself and its subsidiary companies and Fidelity International Ltd
and its direct and indirect subsidiary companies and their principal
shareholder, Mr Edward C. Johnson.

The Notice states that the above-mentioned companies hold a total of
35,590,123 ordinary shares of 10p each in MFI Furniture Group PLC on behalf of
various investment companies and institutional clients. The interests were
acquired solely for investment purposes and are held non-beneficially. They
are registered as follows:

State Street Nominees Ltd                                                55,600
Clydesdale Bank (Head Office) Nominees Limited                       16,002,803
RBS Trust Bank                                                          885,700
Nortrust Nominees Ltd                                                   148,700
Chase Nominees Ltd                                                      262,200
BT Globenet Nominees Ltd                                                 85,000
Citibank                                                                150,400
Bank of New York Europe                                                 310,090
Clydesdale Bank (Head Office) Nominees Limited                          243,300
Chase Nominees Ltd.                                                     267,900
State Street Bank & Trust                                             1,005,350
Bankers Trust                                                         1,149,230
HSBC Client Holdings Nominee (UK) Limited                             9,641,177
Northern Trust                                                        1,748,680
RBS Trust Bank                                                        2,233,130
Citibank                                                                116,900
Bank of New York Europe                                                 123,200
Mellon Trust                                                            465,690
Nortrust Nominees Ltd                                                   376,950
JP Morgan                                                               438,023
KAS Associate                                                           142,300

Total Ordinary Shares:                                               35,590,123

Current Ownership Percentage:                                             5.98%

Shares in issue:                                                    594,893,021


The disclosable interest is stated as arising under section 208 (4) (b) or
section 203 of the Act.


Gerard Hughes Company Secretary 0208 200 8000