RNS Number:1349F
Metalrax Group PLC
7 February 2000

LETTER TO  COMPANY ANNOUNCEMENTS OFFICE

We have been notified by The Equitable Life Assurance Society that following the
sale of 4,000,000 shares on 4th February 2000 they are regarded as having an
interest in 2,111,696 shares in Metalrax Group PLC, representing 1.7% of the
current issued share capital.

LETTER FROM METALRAX GROUP PLC

END

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