RNS Number:3675X
Metalrax Group PLC
05 April 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

METALRAX GROUP PLC

2. Name of shareholder having a major interest

PLATINUM INVESTMENT TRUST PLC

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

BANK OF NEW YORK NOMINEES LTD A/C 310008

5. Number of shares / amount of stock acquired

NOT INFORMED

6. Percentage of issued class

NOT INFORMED

7. Number of shares / amount of stock disposed

NOT INFORMED

8. Percentage of issued class

NOT INFORMED

9. Class of security

ORDINARY 5 PENCE SHARES

10. Date of transaction

NOT INFORMED

11. Date company informed

05 APRIL 2004

12. Total holding following this notification

3,638,500

13. Total percentage holding of issued class following this notification

3.03%

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
FINANCE DIRECTOR & COMPANY SECRETARY

Date of notification

05 APRIL 2004

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision takenas a result of using this document or
any such material.




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