RNS Number:0363M
Metalrax Group PLC
9 June 2000

Letter to Metalrax Group Plc

ACORN INCOME FUND LIMITED (the "Company")

As Manager to the above Company, we write to advise you that as a result of the
purchase of 900,000 Ordinary 5p shares on 28 January 2000, the Company has a
notifiable interest of 3,650,000 Ordinary 5p shares (3.0348%) in Metalrax.

Letter from: Collins Stewart Fund Management Limited

END

HOLSSWFMUSSSELM
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