RNS Number:6346T
Metalrax Group PLC
26 March 2002



Letter to:  Company Announcements Office

Disclosure of Interest in Shares

We have been notified by Britannic Asset Management Limited that on behalf of
Chase Nominees Limited they now hold shares of our company amounting to
3,066,092 representing 2.54% of the 120,270,740 shares in issue.


Letter from:  Metalrax Group PLC 


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