Holding(s) in Company

Morgan Crucible Co PLC
15 April 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 25,390 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 2,196,332 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 58,036 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 3,051,239 shares; Chase Nominees Ltd A/C
00994 1,937,448 shares; Other Accounts 4,113,025 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 12/4/2002 received 15/4/2002

12)          Total holding following this notification:
             7,390,265 non-material; 17,850,684 material

13)          Total percentage holding of issued class following this 
             notification:
             3.19% non-material; 7.69% material

14)          Any additional information:
             N/A

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:
15th April 2002



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