MRX Metalrax Group

RNS Number:6674E
Metalrax Group PLC
04 December 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


METALRAX GROUP PLC



2. Name of shareholder having a major interest


FMR Corp, a parent company for various direct and indirect subsidiaries,
including Fidelity Management & Research Company (FMRCO) investment managers for
various non-US investment companies and institutional clients.

The notifiable interests also comprise the notifiable interest of MR EDWARD C
JOHNSON 3D, principal shareholder of FIDELITY INTERNATIONAL LIMITED and FMRCO.




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


SEE BOX 2



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


MANAGEMENT COMPANY                          REGISTERED HOLDER                  SHARES HELD

FIDELITY INVESTMENT SERVICES LTD            CHASE MANHATTAN BANK LONDON        1,233,382
FMRCO                                       HSBC                               4,600,000



5. Number of shares / amount of stock acquired


2,146,682



6. Percentage of issued class


1.78%



7. Number of shares / amount of stock disposed


N/A



8. Percentage of issued class


N/A



9. Class of security


ORDINARY 5 PENCE SHARES



10. Date of transaction


NOT INFORMED



11. Date company informed


04 DECEMBER 2002



12. Total holding following this notification


5,833,382



13. Total percentage holding of issued class following this notification


4.83%



14. Any additional information


N/A



15. Name of contact and telephone number for queries


TERRY JONES

0121 433 3444




16. Name and signature of authorised company official responsible for making
this notification


TERRY JONES - COMPANY SECRETARY





Date of notification


04 DECEMBER 2002






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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