Holding(s) in Company

Morgan Crucible Co PLC
30 October 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 2,565 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 1,108,484 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 19,570
shares; HSBC Global Custody Nominee (UK) Ltd A/C 887565 14,910 shares; HSBC
Global Custody Nominee (UK) Ltd A/C 887577 17,100 shares; HSBC Global Custody
Nominee (UK) Ltd A/C 887589 16,750 shares;  HSBC Global Custody Nominee (UK) Ltd
A/C 887590 15,600 shares; HSBC Global Custody Nominee (UK) Ltd A/C 887607 12,180
shares; HSBC Global Custody Nominee (UK) Ltd A/C 887619 10,518 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 247,436 shares;
Sun Life International (IOM) Ltd A/C SLI 11 3,001,500 shares; Chase Nominees Ltd
A/C BTO1C 801,188 shares;  Chase Nominees Ltd A/C 00994 1,533,648 shares; Other
Accounts 4,246,235 shares; HSBC Global Custody Nominee (UK) Ltd A/C 880868
3,000,000 shares; HSBC Global Custody Nominee (UK) Ltd A/C 904009 14,900 shares;
HSBC Global Custody Nominee (UK) Ltd A/C 845029 2,500,000 shares;    HSBC
Global Custody Nominee (UK) Ltd A/C 844359 1,636,000 shares;
Axa Equity & Law Nominees Ltd A/C AXARE 220,000 shares; Citibank
Crest: BA01F 250,000 shares; HSBC Global Custody Nominee (UK) Ltd
50,000 shares; HSBC Global Custody Nominee (UK) Ltd A/C 889598 100,000 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 29/10/02 received 30/10/02


12)  Total holding following this notification:

     14,463,174 non-material; 16,239,271 material


13)  Total percentage holding of issued class following this notification:
     
     6.23% non-material; 7.00% 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:

     30th October 2002


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