RNS Number:4992T
Metalrax Group PLC
2 November 2000


TO: COMPANY ANNOUNCEMENTS OFFICE

Disclosure of Interest in Shares

We have been notified by Schroder Investment Management Limited that following
recent transactions they have a notifiable interest in the shares of our company
amounting to 15,640,612 representing 13.00% of the 120,270,740 shares in issue.

FROM: METALRAX GROUP PLC
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