MRX Metalrax Group

RNS Number:1041Z
Metalrax Group PLC
26 May 2004


                                  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. parent holding company of FIDELITY MANAGEMENT & RESEARCH COMPANY
(FMRCO), investment manager for US mutual funds, and FIDELITY INTERNATIONAL
LIMITED (FIL) parent holding company for various direct and indirect
subsidiaries, including FIDELITY INVESTMENT SERVICES LTD. (FISL), investment
manager for various non-US investment companies and institutional clients, both
being non-beneficial holders.

The notifiable interests also comprise the notifiable interest of MR E C JOHNSON
3D, a principal shareholder of FMR Corp and FIDELITY INTERNATIONAL LIMITED.

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

SHARES HELD    MANAGEMENT COMPANY         NOMINEE/REGISTERED NAME
   3,200,000   FMRCO                      HSBC
     387,764   FISL                       CHASE MANHATTAN BANK LONDON

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

25 MAY 2004

12) Total holding following this notification

3,587,764

13) Total percentage holding of issued class following this notification

2.99%

14) Any additional information

FOLLOWING THIS TRANSACTION, THE SHAREHOLDERS NAMED IN (2) ABOVE NO LONGER HAVE A
NOTIFIABLE INTEREST IN THE COMPANY'S SHARES.

15) Name of contact and telephone number for queries

DARREN FARRIMOND
0121 433 3444

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

DARREN FARRIMOND
FINANCE DIRECTOR & COMPANY SECRETARY

Date of notification

26 MAY 2004



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

END
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