Holding(s) in Company

Morgan Crucible Co PLC
21 January 2002

                                  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:

AXA S.A.





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:

HSBC Global Custody Nominee (UK) Ltd A/C 845315 5,988 shares; HSBC Global
Custody Nominee (UK) Ltd A/C 845017 1,200,000 shares;  HSBC Global Custody
Nominee (UK) Ltd A/C 777086 41,796 shares; HSBC Global Custody Nominee (UK) Ltd
A/C 777094 30,000 shares; HSBC Global Custody Nominee (UK)Ltd A/C 777167 37,580
shares; HSBC Global Custody Nominee (UK)Ltd A/C 785078 8,038 shares; HSBC Global
Custody Nominee (UK) Ltd A/C 873426 28,900 shares; HSBC Global Custody Nominee
(UK) Ltd A/C 867815 1,119,074 shares; HSBC Global Custody Nominee (UK) Ltd A/C
867396 1,687,683 shares; HSBC Global Custody Nominee (UK) Ltd A/C 867530 200,000
shares; HSBC Global Custody Nominee (UK) Ltd A/C 867372 5,153,862 shares; HSBC
Global Custody Nominee (UK) Ltd A/C  887553 9,720 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 887565 10,518 shares; HSBC Global Custody (UK) Ltd A/c
887577 10,718 shares; HSBC Global Custody Nominee (UK) Ltd A/C 887589 10,718
shares;  HSBC Global Custody Nominee (UK) Ltd A/C 887590 10,518 shares; HSBC
Global Custody Nominee (UK) Ltd A/C 887607 10,548 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 887619 10,518 shares; HSBC Global Custody Nominee (UK) Ltd
A/C 776934 2,823,482 shares;  HSBC Global Custody Nominee (UK) Ltd A/C 867116
646,575 shares;  HSBC Global Custody Nominee (UK) Ltd A/C 867268 601,717 shares;
HSBC Global Custody Nominee (UK) Ltd A/C 867050 2,251,220 shares; RBSTB Nominees
designation Sunpen 60,536 shares; Sun Life International Isle of Man Ltd A/C SLI
11 1,500 shares; Chase Nominees Ltd A/C BTO1C 801,188 shares; AXA Sun Life plc
3,924,089 shares; Chase Nominees Ltd A/C 00994 1,937,448 shares; Other Accounts
4,130,344 shares





5)           Number of shares/amount of stock acquired:

Not known



6)           Percentage of issued class:

Not known



7)           Number of shares/amount of stock disposed:

Not known



8)           Percentage of issued class:

Not known



9)           Class of Security:

Ordinary shares of 25p



10)       Date of Transaction:

Not known



11)       Date company informed:

Letter dated 18/1/2002 received 21/1/2002



12)       Total holding following this notification:

7,411,094 non-material; 19,353,184 material



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

3.19% non-material; 8.34% material



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:

21st January 2002









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